Financial Daily from THE HINDU group of publications
Wednesday, July 17, 2002
| Forex Rates July 16 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, July 17, 2002 |
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MONEY & BANKING FOREX Euro going great guns EXPORTERS to Europe, who invoice their goods in euro, would be a happy lot as the common currency drew parity with the dollar on Monday and then continued its way up. Importers, however, have reason to worry. The euro, which has been giving ... More
Euro slices through parity
Rupee gains; gilts recover INFORMATION TECHNOLOGY DSL Soft opens centre for banking tech DSL Software, a joint venture between HCL Technologies and Deutsche Bank, in alliance with the Indian Institute of Management, Bangalore, has launched `Centre for research in finance and banking,' a centre of excellence for banking ... More NBFCS ICDS suspends transactions; to quit NBFC business YET another non-banking financial company of the Manipal group - ICDS Ltd - has suspended transactions. At a meeting held in Manipal on Monday, the company decided to suspend transactions, return the money deposited with it and `come out' ... More CREDIT RATING RBI & OTHER CENTRAL BANKS No RBI approval needed to sell rights shares of overseas cos THE Reserve Bank of India (RBI) has eased the regulations under the Foreign Exchange Management Act (FEMA) by which Indians can sell shares allotted to them under a rights offering by overseas companies without the prior approval of the country's ... More PRIVATE BANKS Private banks beware, big brother is watching THE Chief Executive of Dhanalakshmi Bank, Mr R. Venkatraman, is scheduled to retire on September 5 and the RBI has requested the board to submit a list of names for the post. The list can have the names of two nominees apart from Mr Venkatraman's ... More PUBLIC SECTOR BANKS Corpn Bank to launch `Corp e-cheque' CORPORATION Bank is now in the process of launching yet another `value-added service' called Corp e-cheque. The new service is to be launched in Mumbai on Wednesday by the Deputy Governor of the Reserve Bank of India, Mr Vepa Kamesam. This ... More FINANCIAL INSTITUTIONS IFCI pleads again for Govt guarantee on debt rollover AFTER providing support to the Unit Trust of India, the Government is now considering a proposal to provide a similar sovereign guarantee to IFCI Ltd to help the institution tide over its immediate liquidity crisis that has resulted in default in ... More CREDIT CARDS & DEBIT CARDS EVENTS Rural areas offer more scope for insurance cos The public sector insurance companies currently have about 8 lakh life insurance agents and about 3 lakh non-life insurance agents and this provides a glimpse of what opportunities lie ahead in this industry. More
India pleads for poor nations 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 Jul. 7-Jul. 13 NPAs continue to haunt banks RBI proposes to utilise SBI electronic transfer facility PSBs' loan loss cover still insufficient SBI tightens norms for corporates New debt for old: Not that easy |
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