Financial Daily from THE HINDU group of publications
Friday, January 21, 2005
Forex Rates
Forex Trends Euro |USD |Forex Report |

Port Info


Group Sites



AP to launch work on second phase of Financial District
WITH the first phase of the Financial District here nearing completion, hosting the representative offices of various banks, financial institutions and the insurance regulator, the State Government is now planning to take up the second phase to ... More


Malaprabha Grameena Bank, HMT Tractors in tie-up for soft loans
MALAPRABHA Grameena Bank, Dharwad, has signed a memorandum of understanding (MoU) with HMT Tractors Ltd to provide financial assistance to farmers for the purchase of tractors through a concessional loan scheme. A bank release said here on ... More


`Draft paper on new regulations for pension funds soon' — Govt has open mind on role for life insurers
ALLAYING the fears of life insurance players on their prospects in the pension funds arena with the formation of new pension fund regulator, a senior official of the Union Finance Ministry said options were still open on their entering the ... More


Why reserves are not resources
Large economies having a vigorous interface with the global economy may require large foreign currency reserves to act as stored energy that smoothen the transmission of resource power to drive the growth engine. But the `resource power' will have to be derived from exports and capital inflows, which generate the ideas and energy that India needs to power the economy with, says G. Ramachandran. More


IDBI Bank Q3 net up 54%
DRIVEN by a significant growth in net interest income, IDBI Bank recorded a 53.7 per cent jump in net profit for the third quarter ended December 31, 2004, at Rs 55.8 crore as against Rs 36.3 crore in the year ago period. Total income of the ... More


Margadarsi Chits to sell insurance products
MARGADARSI Chits Pvt Ltd will soon start marketing insurance products, according to its Managing Director, Ms Sailaja Kiron. After inaugurating Margadarsi's 86th branch here on Thursday, Ms Kiron said that the chit fund company would get into ... More


United India Insurance settles its largest ever marine claim
UNITED India Insurance Company settled its largest ever marine insurance (hull) claim recently, a company press release said. The claim for Rs 29.60 crore was in respect of the ship - M.V.Lok Pragati, which belonged to the Shipping Corporation ... More


Banking reforms roadmap not yet ready
THE proposed roadmap for banking sector reforms including a hike in foreign direct investment (FDI) limit for private sector banks may have to wait for some more time before it is unveiled. "I have already said that we are dotting the i's and ... More


Enough resources with banks, no need for foreign equity' — Be intermediaries, Govt tells micro-finance institutions
THE Finance Minister, Mr P. Chidambaram, on Thursday advised micro-finance institutions (MFIs) to take up intermediation between banks and self-help groups (SHGs) rather than looking to avail themselves of tax concessions or access foreign ... More


UCO Bank bonds
UCO Bank proposes to privately place bonds aggregating Rs 250 crore, including a greenshoe option of Rs 50 crore. The issue, rated CARE AA and AA (Ind) by CARE and Fitch Ratings respectively, will close on January 29. The bonds will have a ... More


IDBI, Bank share swap ratio fixed at 100:142
THE shareholders of IDBI Bank will get 100 shares of IDBI for every 142 shares held by them. The boards of IDBI and IDBI Bank approved the share swap ratio for the merger on Thursday. IDBI will transfer 2.5 per cent of its shareholding in IDBI ... More


Syndicate Bank venture fund for rural projects
THE public sector Syndicate Bank has set up a venture capital fund along with Shell Foundation International. The venture fund would have a corpus of Rs 12.5 crore. Shell has contributed about half million dollars for the venture fund. The fund ... More


Kanta Kumar, CMD, Syndicate Bank
MR N. Kanta Kumar has assumed charge as the Chairman and Managing Director Syndicate Bank. Mr Kanta Kumar was earlier executive director of Canara Bank. He is a member on the Committee of Economists constituted by the Indian Banks ... More

Comments & Letters to the Editor to:
Subscribe to: Business Line
Pick a Winner Stock Market Contest

Top Stories
Extreme climates to extend to more areas, warns study

IDBI, Bank share swap ratio fixed at 100:142

SEBI mulls altering takeover code

Pharma sector — No side-effects of patent regime

Spices exports top 2.5-lakh-t target

A380 may open new biz opportunities for HAL

Profit or loss, business owners feel the stress

ACC net rises 138 pc in Q3 to Rs 53 crore

Satyam Q3 net rises 20 pc; ups guidance

Biocon Q3 net rises 44 pc

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Jan. 9-Jan. 15
Bank credit up Rs 13,643 cr

Bond traders don't see a bull run

PSBs nonchalant over sunset clause on NPAs

With ICAI amending MCS definition — CAs can render financial insurance advisory services

FII flows and RBI's dilemma

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line