Financial Daily from THE HINDU group of publications
Thursday, February 14, 2002
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Financial Daily from THE HINDU group of publications Thursday, February 14, 2002 |
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MONEY & BANKING PRIVATE PLACEMENT LIC Housing Fin private placement LIC Housing Finance Ltd has privately placed debentures for a total amount of Rs 392 crore. A total of 25 investors subscribed to the issue. According to a release from Kotak Mahindra Capital, lead arrangers of the issue along with ICICI ... More FOREX Re range-bound; securities rally MUMBAI: THE rupee closed on Wednesday almost unchanged from the previous levels of 48.6750/68 in a lacklustre forex market. After opening the day at 48.66/67, the rupee remained range-bound for most of the day, slipping to an intra-day low of ... More MANPOWER Corpn Bank officers plan strike in March IN pursuance of its demand for the introduction of a voluntary retirement package, the Corporation Bank Officers' Organisation (CBOO) has decided to go on a one-day strike in March if the bank management fails to offer a viable separation package ... More NBFCS Leasing body working on common business code The common code would cover the ticklish matter of subvention, among others. This refers to the practice of original equipment manufacturers (OEMs) offering a discount to financiers rather than to consumers, and asking the financiers to pass on the d iscount to the consumer in the form of lower interest rates. More
Cholamandalam experiment with franchisees pays off RBI & OTHER CENTRAL BANKS RBI approves ADR/GDR re-issue THE limited two-way fungibility of ADRs/GDRs has become operational, and the Reserve Bank of India (RBI) on Wednesday issued necessary guidelines following approval by the Government. The approval, which provides investors with greater ... More PRIVATE BANKS ICICI Bank record date for interim MUMBAI: ICICI Bank has fixed March 7 as the record date for the purpose of ascertaining the members of the bank entitled to interim dividend. The bank has proposed to pay an interim dividend of Rs 2 per share, or 20 per cent, for the ... More ASSET MANAGEMENT COMPANIES PNB asset co back in black PNB Asset Management Company Ltd (PNB AMC) is back in the black, posting a profit of Rs 1.27 crore for the nine month period ended December 31, 2001. The AMC had been making losses for the last four years. ''The assured return schemes was ... More CORPORATE BONDS Krishna Jala Nigam plans Rs 350-cr bond issue THE Karnataka-based Krishna Bhagya Jala Nigam Ltd (KBJN) has planned an issue of redeemable non-convertible bonds worth Rs 350 crore for cash at par by February 28. The company plans to issue tax-saving infrastructure and regular return bonds. ... More
ITI bond issue oversubscribed REGULATORY BODIES & RULINGS FIs asked to submit immunity proposal THE Department of Company Affairs has asked the financial institutions (FIs) to submit a proposal, which will seek to grant immunity from prosecution to their nominees on the boards of companies, which default on deposits, debt payment and ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 3-Feb. 9 RBI Report on Currency and Finance, 2000-01 -- Policy-makers vs econometricians Banks cement housing loans, boost offtake SafeScrypt issues digital signature to Mahajan IBA directive gives a fillip to CV financing Asset reconstruction company -- World Bank opts out; ADB, IFC seek time DOs reject phase-out plan; look to Ministry |
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