The Hindu Business Line : Sunday, January 09, 2005

Forex reserves up by $163 m
AIDED in part by a revaluation in the central bank's basket of currencies, the country's forex kitty was enhanced by $163 million (about Rs 700 crore) for the week ended December 31, 2004, as per the latest Reserve Bank of India statistics. The ... More

STOCKS

Tata Finance: Sell
Investors in Tata Finance can sell their stake as its merger with Tata Motors nips in the bud the possibility of capital appreciation linked to the continued improvement in its financials as a stand-alone entity. This aspect, and not a merger, ... More

LIFE INSURANCE

SBI Life Horizon
IN 2004, there was a flood of unit-linked insurance plans, with several private insurers launching their versions of this popular instrument. SBI Life has kicked off 2005 with Horizon, a plan that signals the company's ... More

PUBLIC SECTOR BANKS

OBC eyes Rs 1,500 cr from second offer
THE Oriental Bank of Commerce (OBC) is aiming at garnering between Rs 1,500 and Rs 1,800 crore through its second public offering. "We will be raising Rs 1,500- 1,800 crore from the market within this fiscal. We expect to receive approval for ... More

CREDIT MARKET

Bank credit up Rs 13,643 cr
GROSS bank credit in the system has surged by Rs 13,643 crore for the fortnight ended December 24, 2004, to touch Rs 10,27,009 crore according to the weekly statistical supplement of the Reserve Bank of India. This is inclusive of food credit, ... More

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