The Hindu Business Line : Friday, December 12, 2003

`Bank takeover laws not clear'
THE Reserve Bank of India has expressed its discomfort over opaque laws governing takeover of banks. One major area of concern, according to the RBI Governor, Dr Y.V. Reddy, is the amalgamation of NBFCs with banks. In this case, the law does ... More

Increased volatility in market — BSE tells members to monitor dealings
THE Bombay Stock Exchange (BSE) today cautioned its members to be vigilant about activities of their sub-brokers and clients and monitor dealings closely due to increased volatility in the stock market. "Members are advised to be vigilant ... More

Auto components sector — A journey from wilderness to the West
FROM being in the wilderness barely two years ago to striking out abroad now acquiring operating units, a major transformation appears to be under way in the auto component industry. No less than four major impending overseas acquisitions have ... More

Oil PSUs to consider interim dividends
OIL majors are considering interim dividend. The boards of Indian Oil Corporation and Hindustan Petroleum Corporation would be meeting shortly to consider interim dividend and other PSU oil companies are expected to follow suit. According to ... More

Union Bank takes lead, fixes PLR at 10.75 pc
UNION Bank of India has taken the lead among its peer banks in adopting a new benchmark PLR, which has been fixed at 10.75 per cent. Speaking on the sidelines of the Bank Economists Conference - 2003 here today, Mr V. Leeladhar, Chairman and ... More

IFC holding in GTB falls below 5 pc
HYDERABAD: The equity holding of the International Finance Corporation (IFC) in Global Trust Bank (GTB), has fallen below 5 per cent. In a communiqué to stock exchanges on Thursday, GTB said IFC has sold 43,75,023 equity shares of the ... More

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