Financial Daily from THE HINDU group of publications
Wednesday, March 06, 2002
| Forex Rates March 5 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, March 06, 2002 |
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MONEY & BANKING BUDGET Economy searches for growth engine The line being taken by the Finance Minster and the senior bureaucrats in his Ministry is that demand revival must be autonomous. More
`Budget proposals to hit cash savings' FOREX Rupee steady; gilts decline MUMBAI: THE rupee closed steady on Tuesday at 48.6950/7050 against the dollar unchanged from Monday's close in a lacklustre forex market. The rupee opened at 48.70/71 and strengthened to 48.68 levels before settling to end at closing levels. ... More NBFCS TVS Motor open offer for 50.30% Harita Fin stake TVS Motor Co (TVSML) is making an open offer to acquire 50.30 per cent stake in Harita Finance, a company belonging to the same group, at Rs 10 per share. The balance 49.70 per cent of the stake is with other group companies. TVSML, which will ... More LIFE INSURANCE SBI Life joins hands with Sundaram Fin SBI Life on Tuesday signed a memorandum of understanding with the Chennai-based Sundaram Finance Ltd for marketing insurance products. Sundaram Finance is also the promoter of the non-life insurance venture, Royal Sundaram Alliance Insurance ... More SMALL SAVINGS Small savings prepayment by States looks difficult THE State Governments are not expected to benefit by prepayment of small savings debts, which has been permitted by the Finance Minister in the Budget proposals for the next financial year. Sources here said one of the main issues involved in ... More PRIVATE BANKS Karur Vysya Bank, FSS pact for ATMs KARUR Vysya Bank (KVB) has signed up the city-based Financial Software Services and Systems Ltd (FSS) as a technology partner to facilitate online ATM (automated teller machine) services in select cities. The agreement was signed here at a ... More PUBLIC SECTOR BANKS Indian Bank may get more funds -- Rs 2,000-cr infusion expected INDIAN Bank would get a booster recapitalisation dose next year. The next infusion, which would be in addition to the Rs 1,300-crore recap promised in the Budget for 2002-03, is expected to take the total capital infusion in the bank during the ... More
PNB mid-corporate branch
Syndicate Bank initiative
FINANCIAL INSTITUTIONS HUDCO assistance for police NEW DELHI: Housing & Urban Development Corp (HUDCO) has offered financial assistance of Rs 1,000 crore annually to support police housing initiatives as well as the related infrastructure facilities. Speaking at a seminar, `Police ... More EVENTS Banks urged to open branches in CIS IN a bid to boost trade with the CIS (Commonwealth of Independent States), banks have been urged to consider the region for opening branches. A major deterrent to doing business with the CIS is the absence of Indian banks there, besides the ... More TRENDS Significant rise in credit offtake Bankers attribute the pick-up to demand from industries such as petroleum, chemical, food processing and infrastructure. More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 24-Mar. 2 Forex reserves cross $50-b mark Income on deep discount bonds to be taxed yearly Budget to decide the next move HUDCO plans second tranche of Gujarat bonds Farmer group set to take SBI Life cover Big-ticket recoveries elude Indian Bank Banks to cut lending, deposit rates Sinha for linking interest rates to inflation |
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