The Hindu Business Line : Sunday, April 25, 2004

FOREX
Forex reserves up at $117.59 billion
FOREX kitty was fortified by another $1.532 billion for the week ended April 16, 2004, to touch $117.592 billion, as per the latest RBI statistics. Total reserves were burgeoning at $116.06 billion in the previous week, aided by an ... More

LIFE INSURANCE
Thin dividing line between insurance and MF products
INSURANCE schemes or mutual funds? The dividing line between mutual funds and unitised insurance products is quickly getting blurred, with the sales pitch of a section of insurance advisors and distributors underlining the fact that these schemes ... More

FINANCIAL POLICY
RBI bans non-banking entities from accepting fresh NRE deposits
THE Reserve Bank of India has banned entities other than banks and authorised dealers from collecting non-resident external (NRE) deposits with immediate effect. This would affect fresh NRE deposits collection by non-banking financial companies ... More

FINANCIAL INSTITUTIONS
ICICI Bank, IDBI close to selling SWIL stake
ICICI Bank, IDBI along with other institutions, which took over the management of the copper smelting project of SWIL Ltd more than two years ago, are moving closer to selling their over 50 per cent stake in the company to a prospective investor. ... More

Cross Currency Rates

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Pick a Winner Stock Market Contest

Drug companies focusing on data protection

Thin dividing line between insurance and MF products

Italian shoe component cos ready to shift base to India

Looking back
Apr. 18-Apr. 24
Forex reserves exceed external debt

The rise of the rupee

Firm crude prices in summer worrisome

Strong rupee could be a boon

Retail investors pick up less in ICICI Bank issue

Public insurers find it tough to retain corporate accounts