The Hindu Business Line : Wednesday, May 28, 2003

Greenspan nimble to deflation threat
AS ever, the US Fed Chairman's testimony to the Joint Economic Committee of Congress last week was closely watched and analysed by the market. The Economist had a novel way of detecting impending recessions. It ran a count of the word ... More

FOREX

Rupee firm; gilts listless
Mumbai: THE rupee closed on Tuesday unchanged from Monday's levels at 46.89/90 against the dollar in the domestic currency markets. It was a day of good supplies of the greenback and the central bank was not seen intervening to mop up dollar ... More

INFORMATION TECHNOLOGY

SQC close to deals with banks
THE Bangalore-based Software Quality Centre (SQC), transition partner with the Software Engineering Institute of Carnegie Mellon University and lead assessor against CMM and CMMI models, is extending the information systems (IS) security and ... More

HOUSING FINANCE

LIC Housing Fin raises $50 m

GENERAL INSURANCE

Non-life insurers allowed to offer first loss cover
FOLLOWING the recommendations of the Tariff Advisory Committee (TAC), the Insurance Regulatory and Development Authority (IRDA) has decided to permit non-life insurance companies to introduce first loss cover, particularly in the householders' ... More

PUBLIC SECTOR BANKS

Other income buoys BoB Q4 net — To return Rs 92 crore to Govt
LOWER expenses, particularly on interest and rise in other incomes enabled Bank of Baroda to clock a 85.82 per cent growth in net profit for the quarter ended March 31, 2003 at Rs 198.36 crore as compared to Rs 106.75 crore in the corresponding ... More

Banks shed some coyness
IT may still be a bit premature to say that banks have started baring all, but they are certainly revealing more than before. Banks are required by statute and guidelines from the Institute of Chartered Accountants of India (ICAI) and the ... More

Punjab & Sind offers FC a/c for residents
PUNJAB and Sind Bank (PSB) has announced the introduction of Resident Foreign Currency (Domestic) Account for resident individuals. In a release issued here on Tuesday, the bank said the account could be opened in four designated currencies ... More

FOREIGN INSTITUTIONAL INVESTORS

FII pie up, public stake down in top IT cos
TIER-I information technology stocks including Infosys and Satyam Computers seem to have lost their charm among retail investors in the last one year. On the contrary, there has been an increased liking for tier-II (mid-sized) IT companies ... More

REGULATORY BODIES & RULINGS

C.S. Rao is new IRDA Chairman
THE Government on Tuesday appointed Revenue Secretary, Mr C.S. Rao, as the next Chairman of the Insurance Regulatory and Development Authority (IRDA). Mr Rao would take over from the present Chairman, Mr N. Rangachary, on June 10. Mr ... More

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