Financial Daily from THE HINDU group of publications
Tuesday, June 11, 2002
| Forex Rates June 10 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Tuesday, June 11, 2002 |
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MONEY & BANKING FOREX 
Burgeoning forex reserves: Boon or bane?Foreign exchange reserves held by the RBI rose to unprecedented levels, increasing by nearly $12 billion between April 2001 and March 2002. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh investigate the increa se in official reserves and consider what it tells us about the current state of the Indian economy. More
Re up 5 paise; gilts rise INFORMATION TECHNOLOGY 
Wipro `free' of border tensionsTHE recent Indo-Pak tensions have not impacted Wipro's order book adversely as there have been no cancellations of existing contracts, according to Mr Azim Premji, Chairman, Wipro Ltd. "Tensions across the border have not had an adverse impact ... More
Union Bank joins hands with Wipro, Infosys
LIFE INSURANCE LIC to invest Rs 6,000 cr in equity markets this year LIFE Insurance Corporation (LIC) has committed to invest Rs 6,000 crore in the equity markets in the current financial year, acting Chairman, Mr A. Ramamurthy said. Such investment will be incremental to Rs 4,500 crore invested in the equities ... More GENERAL INSURANCE 
Iffco-Tokio in strategic alliance with AP State Fin CorpnIFFCO-Tokio General Insurance Company Ltd (ITGI), the general insurance joint venture between the Indian Farmers Fertiliser Cooperative Ltd (Iffco) and the Japanese insurance giant Tokio Marine and Fire Insurance Company Ltd, has entered into a ... More RBI & OTHER CENTRAL BANKS RBI reviews security situation MUMBAI: The Reserve Bank of India on Monday advised banks to take adequate precautions in view of the prevailing security situation in the country. Banks have also been told to be ready with their contingency plans. The RBI Deputy ... More PUBLIC SECTOR BANKS CORPORATE BONDS Bharti Mobile plans Rs 95-cr NCD issue BHARTI Mobile Ltd (BML) proposes to make a secured redeemable non-convertible debenture (NCD) issue of Rs 95-crore backed by a guarantee-cum-take out agreement from Infrastructure Development Finance Company Ltd (IDFC). The proposed issue has ... More NON-PERFORMING ASSETS 
Gemini Towers comes up for public auctionINDIAN Bank may recover its Rs 132 crore from Ravi Shankar Industries this year, as the property offered as security has now come up for public auction. On July 10, `Gemini Towers' will be auctioned off at the office of the Debts Recovery ... More CREDIT CARDS & DEBIT CARDS Allahabad Bank plans to sell Citibank cards STUNG by huge NPAs (non-performing assets), an estimated Rs 2-crore, Allahabad Bank is planning to pull out of its present credit card business. Instead, it is negotiating with Citibank to sell Citicards on commission basis. Allahabad Bank ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back Jun. 2-Jun. 8 Dena Bank turns around; nets Rs 11.36 cr RBI ropes in SEBI to tackle rogue borrowers -- Redefines `wilful default' Steps to check money laundering Projects facing time overruns must be treated as NPAs: RBI Central Bank net up at Rs 163.3 cr -- Plans Rs 300-cr IPO this fiscal West coast ports are `unsafe destinations' -- Insurers impose war-risk premium on foreign ships KVB bonus, rights issues in July Indian promoters of pvt banks can hold 49 pc BoI to cut 5,000 more jobs -- Second VRS in another 3 months |
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