The Hindu Business Line : Thursday, June 02, 2005

NGO's 2-pronged strategy to help raise milk yield
THOUGH the country has the largest cattle population in the world, but the milk yield in the country is 523 kg an animal a year, compared with the world average of 2,029 kg and 9,291 kg in Israel. Clearly, something needs to be done about ... More

FOREX

Rupee ends lower; bonds post gains
MUMBAI: The rupee was volatile against the greenback on Wednesday as it reacted to the euro's movements and ended weak. The domestic currency opened at 43.72/73, touched an intra-day low of 43.8150 and finally finished the session at ... More

FINANCIAL PERFORMANCE

SBT targets Rs 50,000-cr biz — Net up at Rs 247.13 cr, to pay 75 pc
STATE Bank of Travancore (SBT) is targeting total business of Rs 50,000 crore in the current year. The bank had recorded total business of Rs. 40,069 crore last year and it is expecting the figure to go up by Rs 10,000 crore in 2005-06, ... More

LIFE INSURANCE

Kotak Life insurance raises bonus
KOTAK Mahindra Old Mutual Life Insurance has declared a bonus for its participatory contracts to the tune of 6.75 per cent for the year ended March 2005. This is an increase over the previous year's figure of 6.5 per cent. According to a ... More

Gary Bennett to head Max NY Life
MAX New York Life on Wednesday named Mr Gary Bennett as its new Managing Director and Chief Executive Officer. Mr Bennett will assume the position in July 2005, pending regulatory approvals, the company said in a statement. Mr Bennett has 25 ... More

FINANCIAL INSTITUTIONS

Exim Bank pays Rs 65.44-crore dividend to Govt
EXPORT-Import Bank of India (Exim Bank) on Wednesday paid a dividend of Rs 65.44 crore to the Government for the financial year ended March 31,2005. Mr T.C.Venkat Subramanian, Chairman and Managing Director, Exim Bank, presented the dividend ... More

SHORT TERM INSTRUMENTS

T-bills auctions `fully subscribed'
THE auctions of the 91-day and 182-day Treasury Bills were fully subscribed, according to a release from the Reserve Bank of India. The notified amount for the 91-day T-bills was Rs 2,000 crore. The RBI received 39 competitive bids, amounting ... More

FIXED DEPOSITS

Medium term bank deposits continue to rule supreme!
THE bulk of depositors' money continues to be parked in the 1-3-year time bucket in various banks. An examination of the deposit maturity pattern of 19 public sector banks shows that about 36 per cent of the money is in that slot. These 19 ... More

ALLIANCES & JOINT VENTURES

Dhanalakshmi Bank in rupee-drawing pact with Oman firm
DHANALAKSHMI Bank has signed up with Oman & UAE Exchange Centre, Sultanate of Oman, for rupee drawing arrangement. With this tie-up, which comes into effect from June 1, the exchange company will draw rupee drafts on 100 designated branches of .. More

TRENDS

Tax on cash withdrawals takes effect
THE Banking Cash Transaction Tax (BCTT), an anti-tax evasion measure introduced through this year's Budget, became operational from Wednesday. The Finance Ministry has now notified the BCTT rules 2005 that specifies the format of the returns ... More

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NGO's 2-pronged strategy to help raise milk yield

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