UTI Mutual Fund, the country's oldest fund house has introduced ‘UTI Fixed Term Income Fund Series V-VIII’, a close-ended income scheme in the market.

The investment objective of the scheme is to generate regular returns by investing in portfolio of fixed income securities normally maturing in line with the maturity period of the plan.

The scheme will invest up to 5-100% in debt including securitized debt and 0-95% in money market instruments. The scheme may invest up to 100% in the securitized debt.

London, Nov 1 : Dungeon dad Josef Fritzl, who kept his daughter a sex prisoner for 24 years and repeatedly raped her, is terrified he will be locked up with dangerous mental patients, according to a psychiatric report.

The report claims that Fritzl was sane and fully responsible for his actions when he raped his daughter repeatedly, forcing her to bore him seven children.

However, the report also recommends that, if convicted, he should be sent to a top security mental hospital, reports the Daily Express.

London, Nov 1 : Thanks to genetic modification, scientists have created the word’s first blue roses, which took nearly two decades of scientific research to develop.

According to a report in the Telegraph, the blooms are genetically modified and have been implanted with a gene that simulates the synthesis of blue pigment in pansies.

The blooms are genetically modified and have been implanted with a gene that simulates the synthesis of blue pigment in pansies.

The flowers, which were displayed at the International Flower Expo (IFEX) Tokyo, will go on sale commercially next autumn.

London, Nov 1 : The body of former Iraqi dictator Saddam Hussein was stabbed six times after he was executed, according to the head guard at his tomb north of Baghdad, who was one of the people that helped bury the corpse.

The head of Saddam’s tribe categorically denies the claim. The Iraqi Government similarly denies any mutilation took place after the dictator was hanged on December 
30, 2006, for crimes against humanity, The Times reported.

Columbus (Ohio), Nov 1 : California Governor Arnold Schwarzenegger poked fun at Democratic presidential nominee Barack Obama’s slight frame while praising John McCain at a campaign stop here.

Schwarzenegger had the crowd in the palm of his hand Friday at a John McCain rally with a speech that mixed a healthy helping of jokes with praise for the Republican presidential candidate.

The “Governator,” a former bodybuilder said: “He needs to do something about those skinny legs, make him do some squats and some bicep curls to build up those scrawny little arms. If only we could do something about putting some meat on his ideas,” adding that McCain was “built like a rock.”

Indian equities ended the week on a positive note on Friday (Oct 31), on account of continued buying action across board in frontline stocks.

Though the stock market lost its way for a moment during afternoon trading because of a negative closure on the Asian stock markets and a weak start in European markets, frenzied buying action in the final hour of trade boosted it to a strong closure on yesterday.

The US Federal Reserve cut bank rates by 50 basis points, and various other central banks are likely to follow suit sooner than later.