Financial Daily from THE HINDU group of publications
Wednesday, August 07, 2002
Financial Daily from THE HINDU group of publications Wednesday, August 07, 2002 |
|
|
|
|
|
MONEY & BANKING FOREX Re sheds 7 paise; gilts rise Mumbai: THE rupee closed lower at 48.71 against the dollar on Tuesday as compared to Monday's close of 48.64/65. Dealers ascribed the weakening of the currency to State-owned companies heavily bidding for dollars for loans repayments. The much ... More NBFCS Ferguson to do new report on Tata Finance A F Ferguson & Co today said that it had withdrawn an earlier report prepared for Tata Finance Ltd and had assigned a new, independent team to examine and review all the data and information already collected, with a view to producing a new ... More LIFE INSURANCE GENERAL INSURANCE Investigation of claims — Surveyors want insurers to stop hiring private sleuths A NEW tussle is set to erupt in the insurance industry, with surveyors and loss assessors deciding to pressure the Insurance Regulatory and Development Authority (IRDA) to bring to an end to the practice of insurance companies hiring the services ... More FINANCIAL MARKETS Markets overtake economies It is a $64 billion question. The surprising thing is that as recently as a decade back, it may not have occurred to anyone to even ask this and is a big sign of the changing times. Global financial markets, broadly defined, have come to occupy ... More PRIVATE BANKS FOREIGN BANKS Stanchart ties up with Prudential ICICI fund STANDARD Chartered Bank plans to launch a new scheme, Principal Protection Plan', along with Prudential ICICI Mutual Fund. This is how it works: put your money, not less that Rs 1 lakh, in a fixed deposit with Stanchart for a period ranging ... More
Bank of Tokyo to transfer deposits to HSBC FINANCIAL INSTITUTIONS Govt tying itself in knots over FII holding in banks DO IFC's investments in private banks like GTB and ING Vysya, fall under the FDI or FII category? If IFC's stake in Vysya Bank is classified by the RBI as portfolio investment, ING will be able to raise its stake in Vysya Bank from 20 per cent to ... More GOVT BONDS States seek deregulation of development loans STATES in the western and southern regions have sought a free pricing regime for raising resources through State development loans. All resources raised through this route are sovereign guaranteed, and placed by the Reserve Bank of India ... More CORPORATE BONDS Grasim mops up Rs 50 cr from `inverse floater' GRASIM Industries has raised Rs 50 crore for 5 years through an instrument called the `inverse floater'. The `inverse floater' is an instrument where the coupon yield behaves inversely to the general direction of interest rates. Thus the coupon ... More NON-PERFORMING ASSETS NPA ordinance — Empowering the financial sector THE new Finance Minister, Mr Jaswant Singh, deserves to be complimented for introducing the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Bill in the Lok Sabha despite orchestrated attempts by industry ... More
Union Bank to serve notices on 30 companies CREDIT CARDS & DEBIT CARDS All in the game FACE it, the efficacy of the credit card service in India isn't really the best in the world. But does that mean you surrender the card and deny yourself the advantages of using the plastic card? Not at all. Just as you don't lock yourself at ... More FIXED DEPOSITS Bank of Rajasthan cuts deposit rates The new interest rates effective from August 5, 2002, on deposits for a period of 15 to 45 days will be lowered to five per cent from 5.25 per cent previously, 46 days to 90 days will decrease to six per cent from 6.25 per cent, 91 days to 179 ... More IPOS Union Bank says IPO will shore up resources UNION Bank of India today announced that its initial public offering of Rs 288 crore would open on August 20, and close on August 28. The issue of 18 crore-equity shares of Rs 10 each carries a premium of Rs 6 per share. Addressing ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Jul. 28-Aug. 3 Allahabad Bank to cut lending rates RBI makes lending rate disclosure mandatory Q1 profit numbers muted for PSBs The more unhealthy, the merrier Insurers putting away Janata cover Will truck finance give banks the mileage? Tax-free bonds look appetising Low-cost bank loan scheme for engg students on cards IOB keeping options open on second VRS |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |