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Monday, June 28, 2004

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Banks trim NPAs despite stiff norms
THE pile of bad loans reported by public sector banks at the end of the fiscal has declined for the second consecutive year. Bad loans of public sector banks, which declined by about Rs 2,400 crore in 2002-03, has declined by another Rs 2,500 ... More

Nestle seeks FIPB nod for pet foods
SWISS food major Nestle SA said on Sunday it wants to introduce pet foods in India through the wholly-owned subsidiary Excelcia Foods Pvt Ltd. It will not use the other Indian subsidiary, Nestle India, to enter this new business. Nestle SA has ... More

Rate hike fears push up volumes in derivatives
INTEREST rate uncertainty is leading to more action in the debt derivatives market as players want to hedge themselves against interest rate hardening. Volumes in the derivative market have more than tripled vis--vis a few months ago to daily ... More

AMFI plans outfit to back MF capital-guaranteed schemes
An external agency — a bank may be an ideal candidate, it is felt — may have to be identified if capital has to be guaranteed when an investment is made. More

To woo more customers... : FedEx showcases new tools
WANT to courier something? FedEx it. Having created an acronym for couriering packages, the global express transportation firm is now showcasing the advantages of its technology tools to woo more customers, especially ... More




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