Financial Daily from THE HINDU group of publications
Saturday, June 28, 2003
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Financial Daily from THE HINDU group of publications Saturday, June 28, 2003 |
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MONEY & BANKING PENSION PLANS HDFC Mutual Fund to come up with pension products THE country's No. 2 asset management company, HDFC Mutual Fund, has proposed to be an early bird in pensions when the sector is actually opened up by the Government, with inputs from its overseas partner, Standard Life. HDFC MF hopes to emerge ... More FOREX Rupee gains 13 paise; securities buoyant Mumbai: THE domestic currency closed strong at 46.39/40 on Friday, its highest in over two and a half years, and around 13 paise firmer against the previous close of 46.5375. According to dealers, after opening the day at 46.55/56, the rupee ... More STOCKS 
Market interest in SBI continuesSHARES of State Bank of India continued to rule firm amidst good volumes on the bourses. From the old favourite GDR relaxation theory to expectations of consolidation of its subsidiaries into the parent SBI, the stock has been news driven, ... More FINANCIAL PERFORMANCE HOUSING FINANCE HDFC signs $200-m loan pact with IFC HOUSING Development Finance Corporation has signed a loan agreement for $200 million with International Finance Corporation, the private sector development arm of the World Bank group. The loan would be available to HDFC in two tranches — ... More RBI & OTHER CENTRAL BANKS PUBLIC SECTOR BANKS 
Syndicate Bank sets higher targetsSYNDICATE Bank has set itself a global business target of Rs 57,000 crore to be met by March 2004. Currently, the bank's global business has crossed Rs 47,687 crore and global advances have grown from Rs 15,510 crore to Rs 17,026 crore as of ... More FINANCIAL INSTITUTIONS APSFC posts Rs 2.3 cr net THE Andhra Pradesh State Finance Corporation (APSFC) has made a turnaround and posted a net profit of Rs 2.35 crore after a lapse of 9 years in 2002-03. The corporation, which has a loan portfolio of Rs 1,100 crore, had incurred a loss of Rs ... More GOVT BONDS Ministry may not cut securities tenure for debt buyback MOST public sector banks have sought 10-year securities in exchange of the bonds that they would put up for auction during the Government's forthcoming debt buyback exercise. However, one small bank has broken ranks and has asked the Ministry ... More NON-PERFORMING ASSETS IFCI, TFCI take over assets of Pushpa Builders IFCI Ltd and Tourism Finance Corporation of India (TFCI) have jointly taken over the assets of Pushpa Builders Ltd on account of default of loans. The assets acquired include a hotel project under implementation in the 5-star category with 86 ... More TRADE & LABOUR UNIONS ALLIANCES & JOINT VENTURES Bharat Overseas, Sundaram Fin in pact for back office work BHARAT Overseas Bank Ltd has tied up with Sundaram Finance Ltd for sourcing the `ATM card application processing work' from the latter. Sundaram Finance officials told Business Line that the BOBL deal was `very tiny' in terms of volume, ... More PEOPLE Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus SARS scare The Cable tangle Pakistan Diary Indo-Pak Monitor Indo-China Relations Telecom Competition Oil PSUs: Disinvestment dilemma NPAs in Banking In Depth Simple Economics Consumer Notes Tax Talk The Brahmananda collection NRIs & Investment Avenues Corporate Governance Gold: Still the winner? Cars: Always a beauty Books and Reviews Looking back Jun. 15-Jun. 21 Conversion of Rs 20,000-cr special securities into dated stocks — RBI gets added muscle for OMO Restructuring of refinance support — NHB open to plea of housing fin cos AA rated paper finds favour with banks SBI net up 28 pc; to pay Rs 8.5 Nasdaq mounts fresh pitch for Indian banks `Unwilful' defaulters: No blanket waiver on disclosure of names |
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