The Hindu Business Line : Friday, January 18, 2002

Rupee slips; gilts lacklustre
MUMBAI: THE rupee slipped by a couple of paise and closed on Thursday at 48.29/30 per dollar, as against the previous close of 48.2750/28 in a lacklustre forex market. After opening the day at 48.2850/30, the rupee hit an intra-day low of ... More

GENERAL INSURANCE

IRDA nod for licences to 7 third party administrators
IN yet another significant liberalisation move, the Insurance Regulatory and Development Authority (IRDA) has granted an in-principle approval for the issuance of licence to seven companies for acting as third party administrators (TPAs) offering ... More

Ansari panel report likely by month-end
THE Committee for Rationalisation of Motor Insurance Tariff (the Ansari Committee) is expected to submit its report by the month-end, the committee head, Mr H. Ansari, told Business Line on Thursday. While Mr Ansari did not divulge any ... More

PUBLIC SECTOR BANKS

Indian Bank operating profit up
INDIAN Bank has reported an operating profit of Rs 102 crore for the first nine months of the year as against Rs 57 crore in the same period of last year. This increase has been in spite of the provision for amortisation of VRS expenditure. The ... More

Syndicate Bank Q3 net up 15.62 pc
BANGALORE: Syndicate Bank has posted a 15.62 per cent increase in net profit at Rs 99.99 crore for the third quarter ended December 31 as compared to Rs 86.48 crore for the same period last year. Total income for the reporting ... More

FINANCIAL INSTITUTIONS

Banks, FIs to up stake in Balaji Distilleries
BANKS and financial institutions are slated to acquire a significant holding in the Nellore-based Balaji Distilleries Ltd (BDL) and emerge as second largest equity-holders in the company, close to the promoters' stake. According to BDL ... More

IFCI in talks with ADB for separate ARC
IFCI Ltd is working on constituting an asset reconstruction company (ARC) of its own. The financial institution has opened up negotiations with Asian Development Bank (ADB) for equity participation in the proposed outfit. ``We are talking to ... More

K M Birla quits Global Fin board

CORPORATE BONDS

SHCIL turnover of bonds at Rs 2,000 cr
STOCK Holding Corporation of India Ltd (SHCIL) has touched a turnover of Rs 2,000 crore in the 8.5 per cent (tax-free) relief bonds issued by the Government of India. According to a press release issued here, SHCIL is the second largest ... More

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Nabard moots bank loans against godown receipts -- Guidelines awaiting Government nod

IRDA nod for licences to 7 third party administrators

US-64 outperforms Sensex with NAV

State Govt cos can undertake coal mining

Role for foreign airlines in management -- FDI in aviation may be hiked to 49 pc

Kutch revisited -- With rubble & uncertainty for company

Indian Bank operating profit up

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Jan. 6-Jan. 12
General insurance cos plan to consolidate branches

Strike of irrelevance

Canara Bank IPO to follow results

Gilt investments turn to gold for banks