Bizbits

BSE brokers set to default

MUMBAI: The governing board of the Bombay Stock Exchange, at its meeting convened on December 21, has once again identified two brokers who would be declared defaulters for non-fulfilment of financial obligations. It has asked one broker, Mahendra C Babu, to repay his dues of Rs 90 lakh worth of shares arising out of bad delivery introduced on the exchange. It has also identified that SN Tara, who had been accused of rigging BPL, Sterlite and Videocon share prices has an outstanding liability of about Rs 47 lakh.

UTI offers demat for 3 schemes

MUMBAI: The Unit Trust of India UTI has entered into an arrangement with the National Securities Depository Ltd NSDL to offer dematerialisation facility for Mastershare 8217;86, Mastergrowth 8217;93 and Grandmaster 8217;93. These three schemes have a combined corpus of Rs 1,378 crore. The facility to dematerialise these units is available from December 21 onwards.