Financial Daily from THE HINDU group of publications
Wednesday, June 08, 2005
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Financial Daily from THE HINDU group of publications Wednesday, June 08, 2005 |
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MONEY & BANKING INVESTMENT BANKING 
Goldman Sachs opens new facility, to ramp up head countTHE US investment bank Goldman Sachs proposes to ramp up the head count to 1,500 people over the next five years at its new back office facility. Speaking to reporters after inaugurating its facility here on Tuesday, the Goldman Sachs Chief ... More INSIGHT US yields: Nowhere to go but up All signs point to continuing global economic growth, led by China and India, despite surge in energy prices. More FOREX Rupee firmer; g-secs rally MUMBAI: The rupee gained against the dollar on Tuesday following overnight weakening of the greenback against other major currencies. The rupee opened higher at 43.5250/53, up from Monday's closing at 43.57/58. It fell to 43.55 on dollar ... More TAXATION APFCCT opposes cash withdrawal tax HYDERABAD: The Andhra Pradesh Federation of Chambers of Commerce and Trade (APFCCT) has opposed the levy of new banking cash transaction tax of 0.1 per cent for withdrawal of Rs 25,000 and more on a single day from current and other ... More FINANCIAL PERFORMANCE 
Kotak Mahindra Bank Q4 net up 12 pcKOTAK Mahindra Bank Ltd has announced a bonus issue, offering three shares for every two held. The bank has reported a 12-per cent increase in net profit at Rs 23.08 crore for the quarter ended March 31, 2005 against Rs 20.59 crore in the ... More NBFCS 7-member panel set up to review nidhis functioning THE Centre has constituted a seven-member expert group to review the functioning of nidhi companies. The review will cover the role of nidhi companies, their regulatory framework and steps to safeguard depositors. (Nidhis or mutual benefit ... More LIFE INSURANCE AMP, Sanmar may exit life insurance venture AMP SANMAR was ranked 12th among the 14 players in the Indian life insurance industry in 2004-05. It had a market share of 0.36 per cent in premium collected. Other rivals had forged ahead. AMP officials in Australia had said yesterday that ... More RBI & OTHER CENTRAL BANKS Banks can fund overseas acquisitions by companies "This move is a positive step for Indian companies as they can use it as a window to acquire aggressively. For banks too it can be positive, provided they are permitted to raise additional funds abroad." More PRIVATE BANKS Federal Bank(Aluva) ties up with AIMS for online booking THE Aluva-based Federal Bank, in association with the Amrita Institute of Medical Sciences (AIMS), has launched online registration system for its customers to avail themselves of the health services provided by AIMS. The service - ... More
ICICI Bank opens fifth branch at Coimbatore CREDIT MARKET SBI offers new mortgage loan for traders STATE Bank of India (SBI) has introduced a new scheme of `Mortgage loans for traders' for borrowers in trade and services. Addressing the presspersons here recently, the SBI General Manager, Chennai Circle, Mr P. Pradeep Kumar, said the new ... More EVENTS 
India insulated from global swings: ReddyTHE Indian economy is largely insulated from episodes of global financial instability, as the country has over the years built resilience to shocks and is less vulnerable to output volatility, according to the Reserve Bank of India Governor, Dr ... More PEOPLE New GM for SBH HYDERABAD: State Bank of Hyderabad (SBH) has announced that Mr R.P. Sinha has assumed charge as General Manger (Technology) on Tuesday. Before joining SBH, he was General Manager in State Bank of Indore. In a release, SBH said that Mr ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's 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 May. 29-Jun. 4 Forex reserves down $520 m Life insurers, MFs keep bond market buoyant Insurers may hike premiums on corporate medical covers Insurers prefer corporate agency tie-ups to referrals NGO's 2-pronged strategy to help raise milk yield Tax on cash withdrawals takes effect Medium term bank deposits continue to rule supreme! IBA signs wage pact with unions NBFCs allowed to borrow overseas |
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