Financial Daily from THE HINDU group of publications
Saturday, February 25, 2006
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Financial Daily from THE HINDU group of publications Saturday, February 25, 2006 |
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MONEY & BANKING FINANCIAL SERVICES IRDA cancels licence of Sage Insurance The Insurance Regulatory and Development Authority (IRDA) has cancelled the broking licence of the New Delhi-based Sage Insurance Brokers Pvt Ltd for suppression of material facts pertaining to one of the promoters of broking company at the time ... More FOREX Forex reserves rise by $ 811 m The foreign exchange reserves increased for the fourth week in a row, according to the Reserve Bank of India's Weekly Statistical Supplement. For the week ended February 17, 2006, the forex reserves increased by $811 million to touch $141.240 ... More
NBFCS Sundaram Fin wins appeal on arbitration cases The Chennai-based Sundaram Finance Ltd, a non-banking finance company, has won an appeal in the Madras High Court establishing the Court's jurisdiction to try cases arising under the Arbitration & Conciliation Act where the value of the subject More PRIVATE BANKS South Indian Bank branch in M.P. The South Indian Bank has opened its 434th branch and second branch in Madhya Pradesh. Archbishop Pascal Topno of Bhopal inaugurated the new branch. Dr V.A. Joseph, Chairman and CEO of the bank, presided over the function. ... More PUBLIC SECTOR BANKS 
SBI keen to expand overseas in a big wayFundraising Rs 2000 cr subordinated debt issue Hybrid instruments at a later date More FINANCIAL INSTITUTIONS IRFC to raise Rs 4,170 cr in 2006-07 After a long time, the Indian Railway Finance Corporation (IRFC) is slated to raise substantial monies from the market. The IRFC willbe mobilising Rs 4,170 crore during 2006-07, as against Rs 3,400 crore in the current fiscal. So far during ... More GOVT BONDS Bond prices fall Bond prices fell, as there was no fresh buying ahead of the State loan auction of Rs 3,700 to be held on February 27. Though in the first-half bond prices appreciated by about 10 paise, there was sell off in the second session, ... More CORPORATE BONDS Canara Bank bond oversubscribed Canara Bank's issue of bonds was oversubscribed and the bank has mopped up Rs 425 crore after exercising the green shoe option. The bank had priced its issue at 8.15 per cent. The pricing was for a tenure of 9 years and 2 months. ... More NON-PERFORMING ASSETS Deutsche Bank buys NPA receipts Deutsche Bank has acquired 100 per cent of security receipts with respect to a portfolio of non-performing loans of Rs 75 crore from Asset Reconstruction Company (ARCIL). This is the first of its kind in India where the selling bank has got ... More SHORT TERM INSTRUMENTS Call rates ease In the first three-day auction, the Reserve Bank of India did not receive any bids in the repo auction, but received and accepted 14 bids for Rs 7,585 crore in reverse repo. In the second auction, it received and accepted two bids for Rs 60 crore ... More MERGERS & ACQUISITIONS HSBC sells 7.19 pc in UTI Bank for Rs 638 cr Trimming equity stake in accordance with RBI guidelines, HSBC Bank today sold two crore shares of UTI Bank in a bulk deal that also fetched it a handsome profit. The sale price was Rs 318.61 for shares originally bought at Rs 90 in June 2004 ... More
CO-OPERATIVES Kerala: Audit by CAs in co-op banks, societies urged Mr Babu Abraham Kallivayalil, the new secretary of the Southern India Regional Council (SIRC) of the Institute of Chartered Accountants of India ICAI), has urged the Government to introduce audit by chartered accountants in cooperative banks, ... More PEOPLE BhOB board not to renew CEO contract — IPO scam cited as reason behind it The board of directors of the Chennai-based Bharat Overseas Bank Ltd (BhOB) has decided not to renew the contract of its Chairman and Chief Executive Officer (CEO), Mr G. Krishna Murthy. His tenure is due to come to an end in ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
In Depth Gender Justice Simple Economics Tax Talk
Looking back Feb. 12-Feb. 18 Weather insurance slow to gain acceptance in India Women score high in micro finance `Sub-PLR lending will continue' Life insurance premiums up 51 pc in 9 months — ICICI Pru leads private pack; LIC has 209 pc more lives covered Unit-linked policies are growth drivers — Insurers find it capital-efficient Banks halt deposit-based lending to corporates `Market can absorb home loan rate hikes' — More disbursals by lenders; more younger borrowers Indian cos raise $10 b via ECB route in 9 months |
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