The Hindu Business Line : Friday, June 17, 2005

Govt to go ahead with BHEL disinvestment — Invites bids from investment bankers
THE Union Government has decided to go ahead with its proposed stake sale in Bharat Heavy Electricals Ltd despite opposition from its Left allies. The Government has invited bids from global investment banks to manage the public offering. The ... More

AK Capital retains top investment banker slot
NOT much has changed in the league tables of top investment bankers handling debt placements by development finance institutions (DFIs) and miscellaneous Government organisations in the last couple of years. A survey of the records for 2003-04 ... More

FOREX

Rupee ends higher; bond prices fall
MUMBAI: The rupee firmed up against the dollar on Thursday on higher FII inflows and the strengthening of the euro against the dollar. The rupee opened at 43.62/63 and closed at 43.58/59, up from Wednesday's 43.65/66. A dealer at a ... More

SOFTWARE

Central Bank ties up with TCS for core banking system
CENTRAL Bank of India has tied up with Tata Consultancy Services for a Rs 50-crore project to implement the core banking system (CBS) in 1,000 of its branches, over a period of five years. The solution is being jointly implemented by the ... More

LIFE INSURANCE

SBI Life Insurance reversionary bonus
SBI Life Insurance Company Ltd has announced reversionary bonus on its policies. Reversionary bonus will be added to policies that are in force as on March 31, 2005. The bonus would become payable to the policyholder upon survival till the ... More

GENERAL INSURANCE

`Disputes show mediclaim plans need overhaul'
MR B.D. Banerjee's shelves are neatly decked with books on medical processes as well as terminology. This former CMD of Oriental Insurance Company and current Ombudsman of the Maharashtra and Goa region has to be well versed with the human ... More

PRIVATE BANKS

Yes Bank to vend non-life policies
AS a part of its strategy to earn significant amount of non-interest income, Yes Bank is set to enter into a strategic alliance with a general insurance company to vend the latter's products. Disclosing this here on Thursday, the Yes Bank ... More

Retail strategy paying off, says UTI Bank
UTI Bank aims to increase its market share in retail financial services industry by providing banking convenience to customers and by offering differentiated products to meet the specific needs of disparate customer segments. In its annual ... More

MERGERS & ACQUISITIONS

DBS Bank to buy 37.5 pc stake in Chola Investment
DBS Bank of Singapore will pick up a 37.5 per cent stake in Cholamandalam Investment and Finance Company of the Murugappa group. Part of the stake acquisition will be through the purchase of shares from Tube Investment of India (TI), another ... More

OUTLOOK

`Enough liquidity to meet growth needs'
THE liquidity in the banking system is high enough to meet the country's growth requirements and it should hopefully go into the right sectors, said Mr V. Leeladhar, Deputy Governor, Reserve Bank of India (RBI). Mr Leeladhar was speaking at ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Monsoon getting into action mode

`Enough liquidity to meet growth needs'

IISCO-SAIL merger gets Cabinet nod

Dividend yield funds are a hit with investors

Indian server market Q1 revenue up 24 pc

IndiGo orders 100 Airbus jets

Cabinet approves dual citizenship

In Focus

BHEL Disinvestment

China's revaluation