Financial Daily from THE HINDU group of publications
Friday, April 05, 2002
| Forex Rates April 4 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, April 05, 2002 |
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MONEY & BANKING FOREX Re up 3 paise; gilts bullish Mumbai: THE rupee closed marginally stronger on Thursday by around three paise at 48.86/87 against the dollar as compared to previous close of 48.89/90 in a volatile forex market. The domestic currency opened at 48.91/92 and saw an intra-day low ... More INSURANCE Ministry may review insurance service tax THE Finance Ministry is set to review the 5 per cent service tax imposed on life insurance following representations from a section of the industry to withdraw the impost on existing policyholders. The Revenue Department may consider some of ... More MANPOWER 
Good response to Vysya Bank VRSVYSYA Bank's voluntary retirement scheme (VRS) scheme has met with a good response, with over 20 per cent of the 5,500-strong workforce opting for the scheme. Mr K. Balasubramanian, Managing Director, told Business Line that the ... More AGRICULTURAL INSTITUTIONS 
Nabard seeking new ways to raise fundsTHE National Bank for Agriculture and Rural Development (Nabard) is seeking government permission to raise part of the Rs 3,000-crore funds it requires for the current fiscal, through non-traditional routes. Mr Y.C. Nanda, Chairman, Nabard, ... More
AP: Disbursements by Nabard increase 11 pc FOREIGN BANKS A taste of new-age banking at ABN-Amro ABM-Amro Bank, in alliance with Barista Coffee Co, has launched the `cafe in a bank' concept through `Bancafes' at its branches. "This will let customers relax while they explore their finances without being rushed," according to Mr Romesh ... More
ABN-Amro to firm up buy-out of assets soon FINANCIAL INSTITUTIONS FII holding in ICICI reaches ceiling cap THE Reserve Bank of India (RBI) has said that the foreign institutional investor (FII), non-resident Indian (NRI), persons of Indian origin (PIO) holdings in ICICI Ltd have reached the over all ceiling of 49 per cent of its equity ... More INTEREST RATES 
Jalan for flexible rate structureTHE Governor, Reserve Bank of India, Dr Bimal Jalan, has called for a flexible interest rate structure where banks would be able to adjust the rates based on the upward or downward movement in the inflation rate. "In the medium term we have to ... More GOVT BONDS RBI fixes cut-off yield at 6.85 pc THE Reserve Bank of India (RBI) has fixed the cut-off yield of 10-year Government paper at 6.85 per cent and seven-year paper at 6.65 per cent. The Rs 4,000 crore auction of 10-year paper was oversubscribed by around Rs 9,666 crore. The Rs ... More CORPORATE BONDS Tata Tele bonds issue rated `AAA(FSO)' TATA Teleservices Ltd's (TTL) secured redeemable non-convertible debenture issue of Rs 100 crore, has secured an `AAA Foreign Structured Obligation' rating from Crisil. The issue is backed by an unconditional and irrevocable guarantee from a ... More SHORT TERM INSTRUMENTS Kesoram Industries issue gets `Ind D1+' FITCH Ratings India Pvt Ltd has assigned an `Ind D1+' rating to the Rs 40-crore commercial paper programme of Kesoram Industries Ltd, which has interests in tyres, cement and rayon. The rating indicates very high certainty of timely payment by ... More MERGERS & ACQUISITIONS Citibank Overseas plans to hike stake in e-Serve CITIBANK Overseas Investment Corporation (COIC) has firmed up plans to increase foreign holding in e-Serve International Ltd, the only listed outfit of the Citibank Group in India. According to the plans chalked out by the international banking ... More REGULATORY BODIES & RULINGS IRDA move to revise terrorism risk norms THE Insurance Regulatory and Development Authority (IRDA) has proposed a revision in the norms for terrorism risk cover. Its earlier directive imposed a 10-per cent surcharge for inclusion of terrorist risk cover. The proposal was put out by ... More
IRDA for tighter monitoring 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 Mar. 24-Mar. 30 Proposal to merge banking, insurance ombudsman schemes IRDA caps agency commission at 15 pc Importers can rebook cancelled forward deals Insurers team up to fight 'rebate' menace SBI cuts PLR 50 basis points -- Deposit rates reduced by 25 points Sharp drop in FI disbursements SBI housing loans likely to be cheaper Bumper profits may help banks to clean up balance sheets Annuities market thrown open to private insurers -- LIC loses exclusive preserve |
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