Financial Daily from THE HINDU group of publications
Wednesday, April 16, 2003
Forex Rates April 15 (4.30 p.m. IST)
1 PoundRs 74.28
1 EuroRs 50.87
1 USDRs 47.30
100 YenRs 39.21
1 Sing $Rs 26.56

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Investsmart renamed; to expand scope
INVESTSMART India Ltd, the broking outfit, today announced that it has been renamed IL&FS Investsmart Ltd and has expanded its business to offer merchant banking, project syndication and institutional equity and debt broking among other ... More

SOFTWARE


Infosys targets global banks for `Finacle'
SOFTWARE giant Infosys Technologies is targeting banks worldwide with its banking product - Finacle. Its Chief Operating Officer, Mr S. Gopalakrishnan, who addressed a meeting organized by the CII here on Tuesday told news persons that the ... More

HOUSING FINANCE


ICICI Home Fin PTC gets AAA
CREDIT rating agency, Crisil, has assigned "AAA(so)' to ICICI Home Finance Company Ltd's Rs 104.53 crore senior residential mortgage-backed pass through certificates. The assigned rating indicates the highest degree of certainty regarding the ... More

CREDIT RATING


Infosys gets top rating
ICRA, the credit rating agency, on Tuesday announced that it has assigned the highest rating to corporate governance practices of Infosys Technologies, the Bangalore-based software major. It has been given a `CGR1' rating on a scale of CGR1 to ... More

FINANCIAL INSTITUTIONS


Good, bad & ugly
THE experts in the Ministry of Finance have all but signed the coroner's report — that the Industrial Finance Corporation of India (IFCI) `be split down in the middle'. That would normally mean IF and CI, but they want to keep all `good' in ... More

INTEREST RATES


Odds of Fed rate cut decrease
AFTER a streak of bad data on US consumer confidence, manufacturing and non-farm payrolls, last Friday brought some relief. Retail sales in March increased more than expected — 2.1 per cent overall and 1.1 per cent ex-auto. Forecasts ... More

NON-PERFORMING ASSETS


Dattasayi assets to be auctioned for debt recovery
THE Debt Recovery Tribunal (DRT) located at Visakhapatnam has issued orders auctioning the assets of the Prakasam-based Sri Dattasayi Industries Ltd, for the recovery of dues of State Bank of India's (Ongole branch. SBI had earlier moved the DRT ... More
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In Focus
Run-up to Budget
Kelkar Report
Bottled water: How safe is it?
Telecom Competition
Oil PSUs: Disinvestment dilemma
Housing Fin. rate war: Bonanza for consumers!
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
NRIs & Investment Avenues
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Railway Budget
Budget 2003-04
Books and Reviews
Looking back
Apr. 6-Apr. 12
Loan conversion into shares — Banks get more leeway against defaulters

Credit limit for overseas ventures hiked

Why banks are averse to lending rate cut

LIC leads; others way behind

Big names lining up for pension pie

SBI clocks 50 pc growth in housing loan portfolio — Outstanding at Rs 11,729 cr as on Feb


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