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Sunday, April 27, 2003

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MONEY & BANKING

FOREX


Forex reserves up $326 m
EXPORT receivables, NRI remittances coupled with foreign direct investment has added to the country's forex reserves by $326 million to cap it at $76.077 billion for the week ended April 18, 2003 compared to $75.751 billion in the previous week, ... More

FINANCIAL PERFORMANCE


South Indian Bank posts higher net
THE Thrissur-based South Indian Bank has declared a net profit of Rs 72.33 crore for the year 2002-03, up from Rs 62.41 crore of the previous year. The board of directors has recommended a dividend of 25 per cent, subject to the approval of the ... More

LIFE INSURANCE


A cover for house loans
OWNING a house probably tops the order of priorities for most. Though it calls for a substantial investment, the availability of loans at competitive rates has made house shopping easier. These days it is not uncommon to find people in their ... More

ING Vaisya's Creating Life
Creating Life — the new child protection plan from the ING Vysya — offers double protection to the child if his parent dies. It not only provides immediate relief but also acts as a savings plan for future needs such as marriage and ... More

GENERAL INSURANCE


`Failure on rural target' — Reliance Insurance fined Rs 2 lakh
RELIANCE General Insurance Company has been slapped with a Rs 2-lakh fine by the Insurance Regulatory and Development Authority (IRDA) for not fulfilling its priority sector obligations for the year 2001-2002. Speaking at the sidelines of a BSE ... More

GOVT BONDS


Cut off date for interest on relief bonds
THE Government will not pay any interest on the relief bonds that had matured but not encashed after February 28, 2003, according to an RBI press release. Investors have been advised to present the matured relief bonds under the various relief ... More

FIXED DEPOSITS


Sundaram Finance: Riding high
The company's fundamentals have remained strong and its prospects also appear bright, given the revival in the auto segment. An investment in any of the options can be considered. Schemes and features: Sundaram Finance offers cumulative ... More

MERGERS & ACQUISITIONS


TCI Finance board meet on May 2
TCI Finance Ltd has decided to convene a meeting of its board of directors on May 2 to allot fully paid-up equity shares of the company to all the members of the transferor-companies as per the scheme of amalgamation. The company has obtained ... More
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Forex reserves up $326 m


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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
Truckers' Strike
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. 20-Apr. 26
Forex reserves up $711 m on NRI funds, trade inflows

Banks, FIs seek rejig of State guaranteed debt — Conversion to development loans favoured

The hidden cost of cheap-funding FCI

Sub-Rs 10-cr NPA scheme draws poor response

Truckers to gain under free tariff regime: Panel

ICICI Bank: Dividend declaration `eye-catching'

Sharp fall in LIC first premiums


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