The Hindu Business Line : Wednesday, April 26, 2006

Rupee dips on dollar buying
The rupee fell against the greenback on the back of heavy dollar buying. The domestic currency was very volatile against the dollar on Tuesday. It opened at 44.80, up from Monday's close at 44.92. It then dipped to 44.77 but ... More

STOCKS

No new shares for GTB shareholders
Following the scheme of amalgamation of erstwhile Global Trust Bank Ltd with itself, Oriental Bank of Commerce has decided to treat the entire amount of the paid-up capital and reserves of GTB as provision for bad and doubtful debts and ... More

FINANCIAL PERFORMANCE

Indiabulls Q4 net at Rs 80 cr
Indiabulls Financial Services Ltd on Monday said its net profit for the fourth quarter ended March 31, 2006 increased to Rs 80.38 crore, compared to Rs 23.03 crore in the same period last year. The income for the same period rose by 179 per ... More

DEBT MARKET

SEBI to issue rules soon for unified bonds exchange
Exchange to enable online order matching system More

FINANCIAL INSTITUTIONS

ZonesCorp launches infrastructure fund
The ZonesCorp Infrastructure Fund — the ZonesCorp Fund, an unlisted infrastructure investment vehicle focused primarily on ZonesCorp projects, has been established in the Abu Dhabi emirate. Sheikh Hamed Bin Zayed Al Nahyan, Chairman of ... More

GOVT BONDS

G-sec auctions fully subscribed
The auctions of the 7.4 per cent six-year 2012 government security and the 7.95 per cent 26-year 2032 government security were fully subscribed as the cut-off prices for both papers were in line with the market expectations. According to a ... More

Marginal rise in bond prices
Bond prices rose marginally after the auction of two government papers as the cut-off prices were in line with market expectations. Though there was no fundamental reason for a rally, the positive factor in the near term is ample ... More

NON-PERFORMING ASSETS

South Indian Bank recovers Rs 161-cr NPAs
All targets for 2005-06 met, says CMD More

SHORT TERM INSTRUMENTS

Call rates remain stable
Call rates were stable at 5.5-5.6 per cent (5.5-5.65 per cent). In the first one-day reverse repo auction under LAF, RBI received and accepted 28 bids amounting to Rs 27,655 crore and 39 bids for Rs 39,815 crore in the second ... More

OUTLOOK

KfW to grow India portfolio to 3 b euros
Open to funding Delhi airport modernisation More

PEOPLE

New NHB CMD
Mr S Sridhar has taken over as Chairman and Managing Director of National Housing Bank with effect from April 18. Mr Sridhar has been the Executive Director of Exim Bank of India since May 2001. He started his career as a probationary officer ... More

Cross Currency Rates