The Hindu Business Line : Thursday, April 11, 2002

Morgan Stanley leads in investment banking: Study
"India has reached critical mass in M&A. And, while international companies are focusing on consolidation of their existing business base in India, it is Indian companies that are expanding, rationalising and restructuring, all of which are healthy s igns for the future of M&A industry." More

FOREX

Rupee closes 3 paise up
THE currency closed the day firmer by around 3 paise at 48.8750/8850 against the dollar compared to Tuesday's close at 48.90 in a range-bound forex market on Wednesday. Dealers said, after opening the day at 48.90 the currency remained ... More

EDUCATION

`Bank'ing on kids
TEACHING kids banking? No kidding. It's part of a serious business. After teaching bankers and professionals for 75 years, The Indian Institute of Bankers (IIB) is now planning to take banking to the kindergarten. The idea is to catch them ... More

HOUSING FINANCE

HDFC Mangalore office to service nearby areas
IN an attempt to increase its presence in Karnataka, HDFC has opened a branch in Mangalore to handle operations in areas ranging from Udupi, Manipal and Puttur to Chikmagalur. With this, HDFC now has a network of 115 offices covering 2,400 ... More

GENERAL INSURANCE

Bajaj Allianz bests rivals in first year operations
Bajaj Allianz has bagged the mandate for Unit 3 of the Raichur Thermal Power Station run by the state-owned utility, Karnataka Power Corporation Ltd for a premium of Rs 79.5 lakh. The sum insured is for Rs 450 crore. More

PRIVATE BANKS

Promoters' stake in IndusInd Bank down to 49.86 pc
PROMOTERS' stake in IndusInd Bank Ltd has come down to 49.86 per cent with one of its promoters - IndusInd Enterprise and Finance Ltd (IEFL) selling 6.39 per cent of its stake in the open market. IEFL's stake is now down to 25 per cent while ... More

Karnataka: HDFC Bank opens 9th branch

PUBLIC SECTOR BANKS

Chennai SBI official stabbed in heist bid
AN official of a city branch of the State Bank of India was fatally stabbed and another injured when a gang tried to loot cash from the branch this morning. It is stated that a gang of at least six members came to the Besant Nagar branch of the ... More

Canara Bank opens 3 more ATMs in Chennai
IN the last one week, the Canara Bank inaugurated three ATMs in Chennai. Two of the occasions featured stars, Venkatesh Prasad, the cricketer, and Bombay Jayashree, the carnatic musician. These three ATMs (at Nanganallur, Annanagar and ... More

INTEREST RATES

Bank of Rajasthan lowers deposit rates
BANK of Rajasthan has lowered deposit rates by 25-75 basis points effective from April 8. Term deposits for a deposit of 180 days to less than one year have been revised in all three deposit amount segments, said a press release. On deposits ... More

GOVT BONDS

Tepid response to OMO auction
Mumbai: THE Reserve Bank of India on Wednesday assigned a price of Rs 123 (YTM-7.43 per cent) in the open market operation (OMO) auction of Rs 3,000 crore held on Wednesday. The auction was undersubscribed with the RBI receiving 98 bids of Rs ... More

CORPORATE BONDS

Catholic Syrian bond issue closes early
WITH the overwhelming response to its bond issue, the Thrissur-based Catholic Syrian Bank has decided to opt for the earlier closing date of April 10. ``As of date, the issue has been oversubscribed and the bank has decided to go for the ... More

CO-OPERATIVES

SKDCC Bank posts Rs 3.25-cr profit

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Infy forecasts growth of 18-22 pc in 2002-03

High-tech snooper to keep tabs on shirking AP Govt employees

Morgan Stanley leads in investment banking: Study

FII investment in telecom to be outside FDI cap

I-T rules on perks to be eased further

Infosys posts 37 pc growth in revenue -- Net up 28.5 pc; to pay Rs 20 total

In Depth
Inside Kashmir

Guide to derivatives

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