Financial Daily from THE HINDU group of publications
Friday, January 17, 2003
| Forex Rates Jan. 16 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, January 17, 2003 |
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MONEY & BANKING PREFERENTIAL ALLOTMENTS GTB proposes pref/rights issue GLOBAL Trust Bank Ltd (GTB) is planning to raise further capital under tier-I category to strengthen its capital to risk assets ratio (CRAR) and, in turn, for future growth. The bank plans to raise equity, either by way of preferential offer to ... More ECONOMY Oh debt, where is thy sting... THE country's external debt has topped the $100-billion mark and as of end-June 2002 stands at $ 101.3 billion, a rise of $ 3.1 billion or 3.2 per cent over $ 98.2 billion at end-March 2002. The RBI Bulletin (January 2003) says, "all components ... More FOREX Rupee stable; gilts rally Mumbai: THE rupee closed at 47.93/94 against the dollar on Thursday as compared to Wednesday's close of 47.9450 in the forex market. The rupee was seen appreciating on back of heavy dollar inflows into the market, said a forex dealer in a ... More INFORMATION TECHNOLOGY ICICI Info solution for Lakshmi Vilas BANGALORE: ICICI Infotech announced that Lakshmi Vilas Bank has chosen its core banking solution, Newton, to be deployed across all branches. Newton will seamless integrate with the banks' exisiting front end system, protecting its ... More DEBT MARKET 
Retail trading in G-Secs takes offAs far as taxation for the investor is concerned, interest income up to Rs 3,000 per annum would be exempt from income tax. There would be no tax deduction at source on interest payments on G-Secs. More COMMODITIES MARKETS Gilts market acquires more depth RETAIL on-line trading in Government of India (GoI) securities through stock exchanges has become a reality, with the Finance Minister, Mr Jaswant Singh, today making the inaugural purchase of 10 units of 11.10 per cent paper with face value of ... More FIXED DEPOSITS LVB cuts rate for deposits LAKSHMI Vilas Bank has slashed the interest rate both for domestic and NRE deposits by 0.25 per cent for periods above 271 and 364 days maturity slab. The change has been effected from January 16. The rate has been cut from the existing level ... More NEW PRODUCTS & SERVICES ICICI Bank opens ATMs with Telugu facility ICICI Bank has announced the launch of Telugu language automated teller machines (ATMs) here on Thursday. With this, the ICICI Bank customers in Andhra Pradesh would have the option of three languages for doing ATM transactions, Telugu, Hindi ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Inside China Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year Gold: Still the winner? Oil PSUs: Disinvestment dilemma NPAs in Banking Book Reviews Q3 Results In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Jan. 5-Jan. 11 IRDA for more tax sops to encourage savings No money for the poor Govt to float crop insurance co Pvt general insurers rake in Rs 825-cr premium income What if Postal Dept played moneylender? |
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