The Hindu Business Line : Wednesday, January 26, 2005

JRG Sec opens new branch at Varkala
THIRUVANANTHAPURAM: JRG Securities, the leading stock, commodities and insurance broker, has opened its new branch at Varkala near here. The Managing Director, Mr Reji Jacob, inaugurated what is JRG Sec's 117th branch countrywide, and ... More

FOREX

Rupee weaker; dull trading in gilts
MUMBAI: The rupee closed three paise weaker against the dollar at 43.80 on Tuesday as compared to 43.77 level in the previous session as the US currency gained against other international currencies. According to a dealer with a local ... More

STOCKS

Genesis holding in Andhra Bank crosses 5 pc
ANDHRA Bank has informed the stock exchanges that Genesis Indian Investment Company Ltd has acquired 1,252,689 shares, aggregating to 0.31 per cent of the bank's equity. The mode of acquisition was by way of market purchase. The ... More

FINANCIAL PERFORMANCE

HDFC net rises 29 pc in Q3
HOUSING Development Finance Corporation has reported a 29 per cent increase in net profit, at Rs 236.05 crore, for the third quarter ended December 31, 2004. The company had reported a net profit of Rs 182.81 crore during the corresponding ... More

UCO Bank net slips 58 pc in Q3
UCO Bank has recorded a net profit of Rs 55 crore for the quarter ended December 31, 2004, a sharp drop of 58.95 per cent over the Rs 134-crore net during the corresponding quarter in the previous fiscal. The bank, however, recorded a ... More

Andhra Bank Q3 net up 30 pc
THE strategy to enhance the non-interest income levels to address the falling treasury incomes and thinning spreads has helped for Andhra Bank posted a growth of over 30 per cent in net profit for the third quarter of 2004-05. The bank has ... More

ING Vysya Bank Q3 net falls to Rs 6.4 cr
ING Vysya Bank has reported a net profit of Rs 6.37 crore for the third quarter of the financial year, down from Rs 23.8 crore during the corresponding quarter of the previous year. The lower profit was partly due to the reduced gross income of ... More

State Bank of Mysore net dips 29 pc in Q3
STATE Bank of Mysore has reported a net profit of Rs 34.38 crore for the third quarter (Q3) of the current financial year, down 29 per cent from the corresponding quarter of the previous year. A bank release said here that the drop was due to ... More

Cholamandalam posts Rs 7.8 cr net in Q3
CHOLAMANDALAM Investment and Finance Company Ltd, a part of the Murugappa group, has reported a net profit of Rs 7.78 crore on an income from operations of Rs 51.63 crore for the quarter ended December 31. During the corresponding period in the ... More

LIFE INSURANCE

LIC to build on real estate
LIFE Insurance Corporation of India hopes to build on its biggest asset - its real estate. Its buildings have had a pride of place in every major city. Take for instance the LIC Building in Chennai; it epitomised the city in the 1960s and ... More

FINANCIAL MARKETS

Eventful period ahead for markets
DECEMBER 2004 and January 2005 so far have been full of excitement for the markets. The end of 2004 saw the euro scaling new heights. It soared to almost $1.37 before being rather abruptly brought down to earth. The provocation was the release ... More

ALLIANCES & JOINT VENTURES

LIC in joint venture with Saudi group
LIFE Insurance Corporation of India (LIC) hopes to offer insurance products in Saudi Arabia in joint venture with Al Hokair, an insurance group there, according to LIC's Chairman, Mr R.N. Bhardwaj. Addressing newspersons after inaugurating an ... More

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