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        UTI Banking Sector Fund declared tax-free dividend of 35 per cent (Rs 3.50 per unit on face value of Rs 10).

        Pursuant to the payment of dividend, the NAV of the dividend option of the fund would fall to the extent of payout and statutory levy if any. The record date for the dividend is 23 May, 2007.

        All unit holders registered under the dividend option of UTI Banking Sector Fund as on 23 May, 2007 will be eligible for this dividend. Also investors who join the dividend option of the fund on or before the record date will be eligible for the dividend. The NAV per unit as on 17 May, 2007 was Rs 18.80 under the dividend option.

        Univercell, pioneer in mobile phone retailing, opened its brand outlet at Puducherry. The new showroom is part of company's strategic initiative to expand further. And it was inaugurated by Puducherry Chief Minister N Rangasamy and actress Pooja. The showroom is located at S V Patel Road. Interestingly, Univercell was founded by Sathish Babu with a employee strength of 5 wayback in 1997. It has now grown from strength to strength to become a private limited company with a staff strength of 300. Last year, the company had an annual turnover of Rs 120 crore. Univercell has charted an ambitious growth plan and is looking at pan-Indian presence over the next two years.

        Gillette India Limited, under its portfolio Oral-B has unveiled the quality product 'Shiny Clean' toothbrush. It has some unmatched oral care features designed to prevent plaque, resulting in healthy and clean set of teeth. Some of the features include z shaped bristles, hygiene cap, end rounded bristles, translucent contour handle and indicator bristle. Oral-B Shiny Clean is priced at Rs 13 and available at retail and chemist stores across the country.

        Bagrrys India has launched three new variants—Crunchy Muesli, Light in Crunchy Muesli and Sugar-free Crunchy Muesli with natural vitamins, minerals and proteins with zero cholesterol. It is rich in both soluble and insoluble fibre which gives a slow and sustained release of energy. Crunchy Muesli contains almonds, raisins and honey while Light Crunch Muesli is calorie rich and is available in 425 gram box and priced at Rs 85 only. Yet another option, is sugar-free Crunchy Muesli which is an innovative cereal, ideal for diabetics, heart patients. It comes in 425 gram and is priced at Rs 99 and 1000 gram jar for Rs 225.

        A mountain bike for Rs 1.90 lakh? Yes, that's what Remedy 66 manufactured by US-based Trek and distributed in India by Firefox Bikes. Remedy 66 is an all-mountain bike, suitable for heading up the sleepest mountain trails and also bombing down defying drops and falls,Shiv Inder Singh, managing director, Firefox Bikes said, 'Bicycles in India are no longer a poor man's transport. Growing number urban Indians are switching to cycling to stay in shape and also to add adventure and thrill to their everyday life. There is a growing demand for international bicycles that come with technology, innovation and style.'