The Hindu Business Line : Thursday, October 02, 2003

Ministry moots six options for HPCL, BPCL sell-off
THE Ministry of Disinvestment (MoD) has mooted six options to counter the Supreme Court judgment that has sought Parliamentary approval for privatisation of Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL). ... More

Banks queue up to cut housing loan rates
CLOSE on the heels of State Bank of India slashing rates on housing loans, other public sector banks are following suit. State Bank of India cut rates on housing and auto loans by 25-150 basis points. Bank of Baroda and Union Bank of India are ... More

Ministry not for separate law on lenders' liability
THE Ministry of Finance has said it did not favour the enactment of a separate legislation on lenders' liability as a counterbalance to powers given to banks and institution to take over and dispose assets of defaulters under the Securitisation ... More

Chandrababu Naidu survives blast in Tirupati
THE Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, narrowly survived a bid on his life today following a blast that ripped through the car in which he was travelling near the Alipiri guest house at the foothills of Tirumala in ... More

Re touches 38-month high despite RIB redemption
BELYING earlier apprehensions about a possible dollar shortage on account of the $5.5-billion redemption of the Resurgent India Bonds (RIBs), the rupee vaulted over 26 paise on Wednesday to end the day at a 38-month high of 45.5650/5700 against ... More

RIB refunds have no impact on liquidity
The Reserve Bank of India sold the entire sum in dollars to State Bank of India for an amount of Rs 22,151.83 crore. The domestic forex and debt markets were relieved, as the redemptions of the Resurgent India Bonds on Wednesday did not impact ... More

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