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Friday, June 03, 2005
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MONEY & BANKING

FOREX


Rupee recovers; bond prices up
MUMBAI: The rupee recouped some of its losses against the dollar on Thursday. The domestic currency opened at 43.75/76, hit an intra-day high of 43.6650/6750, before finally closing the day at 43.68/69, up from Wednesday's close at ... More

CONSUMER FINANCE


MS launches Windows Starter Edition with PC at Rs 18,900
IN a move to target the first time users and make PCs more affordable, Microsoft today announced the launch of its personal computer with Windows XP Starter Edition in Hindi, priced at Rs 18,900, in India. It has tied-up with the State Bank of ... More

LIFE INSURANCE


ICICI PruLife unveils unit-linked products
ICICI Prudential Life Insurance Company has unveiled `Invest Shield', a range of unit-linked products that protect the policyholder's capital with an opportunity to earn market-linked profits. The unit-linked capital guarantee insurance plans ... More

PRIVATE BANKS


IndusInd Bank opens branch in Madurai
INDUSIND Bank has plans to add 15 branches by the first week of June to raise its visibility in the retail-banking sector, said an Executive Vice-President of the bank, Mr Moses Harding, here. Speaking to presspersons, at the inauguration of ... More

PUBLIC SECTOR BANKS


A birthday wish for SBI
IN the banking industry an SBI official commands a premium, being a stride ahead of the crowd. Despite ICICI Bank, SBI and its seven associates continue to be a lap ahead of the pack, having been vetted in the virtues and vices of over 200 years ... More

SBH appointments
HYDERABAD: Mr Sebastian Chacko and Mr P.C. Thomas, Deputy General Managers at State Bank of Hyderabad, have been promoted as General Managers and posted to State Bank of Patiala and State Bank of Indore respectively, according to a bank ... More

FIXED DEPOSITS


SBH revises rates on FCNR, NRE deposits
STATE Bank of Hyderabad (SBH) has announced revised rates on FCNR and NRE term deposits, for some tenures downwardly and for many tenures upwardly, with effect from June 1. The revised rates would be operative up to June 30, the bank said in a ... More

TRADE & LABOUR UNIONS


IBA signs wage pact with unions
BANK unions and the Indian Banks Association today concluded the wage agreement, allowing higher pay and payment of arrears for bank employees. As per the recommendations, bank employees will get arrears of wages from November 1, 2002 to May ... More

IPOS


Yes Bank fixes IPO price band at Rs 38-45
YES Bank has announced that it will enter the capital market with its initial public offer on June 15 to raise Rs 266-315 crore. The issue will close on June 21. Yes Bank will offer seven crore equity shares of Rs 10 face value through a 100 ... More


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May. 22-May. 28
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