Financial Daily from THE HINDU group of publications
Friday, January 11, 2002
| Forex Rates Jan. 10 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, January 11, 2002 |
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MONEY & BANKING FOREX Re at new low; gilts decline MUMBAI: THE rupee closed at a new low on Thursday at 48.3450/3650 per dollar in a forex market driven by apprehensions that the ``overvalued'' rupee may be allowed to find its own level. The rupee ended around five paise weaker compared to the ... More INFORMATION TECHNOLOGY i-flex-ebz Online software for co-ops I-FLEX Solutions Ltd and the Pune-based software company, ebz Online, have announced a tie-up by which i-flex's flagship banking product, FLEXCUBE, will be available on rent to cooperative banks. The tie-up will make FLEXCUBE, a product in use ... More FINANCIAL PERFORMANCE J&K Bank Q3 net up 41 pc JAMMU and Kashmir Bank (J&K Bank) has registered a net profit of Rs 174.79 crore for the third-quarter ended December 31, 2001, up 41 per cent on the net profit of Rs 124.39 crore recorded in the corresponding period in the previous year. The ... More LIFE INSURANCE LIC call centre set to dial Mumbai LIFE Insurance Corporation's (LIC) first call centre will be set up in Mumbai and is expected to become operational within a month. This initiative is part of the insurance giant's plan to extend its Customer Relationship Management (CRM) ... More
GENERAL INSURANCE General insurers' body rejects VRS for officers The VRS would initially be applicable only to the clerical cadre comprising Class-III and Class-IV employees who have completed 20 years of service. The exit of these employees was intended to bring down the employee strength in the four companies b y at least 30 per cent. More RBI & OTHER CENTRAL BANKS Banks told to shift gains on gilts to reserve a/c THE Reserve Bank of India on Thursday directed banks to transfer maximum amount of gains realised on sale of securities to their Investment Fluctuation Reserve (IFR) account. The RBI directive assumes significance in the light of sharp decline ... More PRIVATE BANKS ICICI Bank unveils eCheque for funds transfer ICICI Bank on Thursday announced the launch of `ICICI Bank eCheque', an online payment facility under which funds can be transferred from an ICICI Bank account to any other bank account. Addressing presspersons here on Thursday, the Executive ... More
PUBLIC SECTOR BANKS FINANCIAL INSTITUTIONS FIs open to divesting MRL stake in favour of Modis IN a fresh twist to the ongoing tussle for management control of Modi Rubber Ltd (MRL), financial institutions (FIs) have decided to open negotiations with the Modis to offload their holdings in favour of the promoters. Top FI officials ... More
Fitch bearish about IDBI prospects CORPORATE BONDS Gujarat Ambuja issue gets `AAA' rating HSBC Securities and Capital Markets (India) Pvt Ltd have arranged an Rs 100-crore fixed bond rate issue of Gujarat Ambuja Cements Ltd (GACL). HSBC is the sole lead arranger for the issue. The privately placed non-convertible debentures have ... More FIXED DEPOSITS `Ask banks to remit tax on term deposit interest' THE Institute of Chartered Accountants of India (ICAI) has urged the Government to shift the onus of payment of tax on interest credited on term deposits and recurring deposits to the banks from deposit holders. In its pre-Budget memorandum to ... More EVENTS Dubai hopes to leverage Fund-Bank meet DUBAI is set to lay claim as a top international convention city, as preparations are under way to host the annual meetings of the boards of governors of the International Monetary Fund (IMF) and World Bank between September 23 and 24, 2003. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Dec. 30-Jan. 5 HDFC cuts retail PLR by 0.5 pc A requiem for small savings? Bank strike today Bank strike hits operations |
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