Financial Daily from THE HINDU group of publications
Saturday, July 12, 2003
| Forex Rates | ||||||
|
Financial Daily from THE HINDU group of publications Saturday, July 12, 2003 |
|
||||||||
|
|
|||||||||
|
MONEY & BANKING PREFERENTIAL ALLOTMENTS Tata Fin board okays pref issue THE board of directors of Tata Finance Ltd today approved conversion of Rs 300-crore lent free of interest to the company by Tata Sons and Tata Industries into equity shares on a preferential basis. The non-banking finance company of the Tata ... More FOREX Rupee's strengthening trend continues MUMBAI: The domestic currency closed stronger by 8 paise at 46.11/12 against the dollar on Friday, as compared to Thursday's close at 46.19/20. Driven by the enormous dollar selling across the board, the rupee climbed to an intra-day ... More
RBI amends FEMA norms on forex derivative contracts FINANCIAL PERFORMANCE J&K Bank Q1 net rises 35 pc JAMMU and Kashmir Bank (J&K Bank) has recorded a net profit of Rs 97.65 crore for the quarter ended June 30, 2003, a 35 per cent rise over the Rs 72.30 crore profit in the corresponding period of the previous year. The operating profit for the ... More CONSUMER FINANCE State Bank of Patiala in pact with Maruti THE country's largest carmaker, Maruti Udyog Ltd, has entered into an alliance with State Bank of Patiala (SBP) for financing its cars in north India. A statement from Maruti and SBP said the two partners would also utilise each other's ... More GENERAL INSURANCE GIC to invest Rs 5 crore in biotechnology venture fund GENERAL Insurance Corporation Ltd (GIC) is to invest Rs 5-crore in APIDC Venture Capital's (APIDC VCL), `Biotechnology Venture Fund'. The biotechnology fund, which is raising capital commitments to the tune of Rs 150-crore, is the country's ... More PUBLIC SECTOR BANKS PNB to open representative office in London IN order to bolster its overseas presence, Punjab National Bank (PNB) is opening a representative office in London shortly. The London office is expected to become functional before of the end of this month. The bank also plans to open two more ... More
GOVT BONDS Resurgent India Bonds redemption — RBI, SBI work out plan for smooth payout The payout by RBI is expected to have little impact on the forex reserves of the country since it has already built up the sufficient amount in forward dollars purchased from the domestic forward market. More CORPORATE BONDS CO-OPERATIVES APCOB launches relief package for farmers The interest on kharif crop loans would be waived up to March 2003 in drought-affected areas. To provide this relief to the members, the bank has decided not to link it to repayment of principal amount. More PEOPLE Nabard authorises panel with powers of MD Mr Vepa Kamesam, has been asked to co-ordinate the affairs of the National Bank of Agriculture and Rural Development until a regular Chairman is appointed or till the date of his retirement. More TRENDS 
Banks more shy of rural lendingFINANCIAL liberalisation and interest rate deregulation has undoubtedly benefited people in urban areas, specially metros, by spurring competition among banks and leading to lower borrowing costs as well improved service quality to customers. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
 Pick a Winner Stock Market Contest
Top Stories In Focus The Cable tangle Pakistan Diary Indo-Pak Monitor Indo-China Relations Telecom Competition In Depth In Kashmir Simple Economics Slowburn Tax Talk NRIs & Investment Avenues Corporate Governance Looking back Jun. 29-Jul. 5 United India unveils new medical insurance package Government loosens its purse strings Foreign reinsurers impose fresh terms LIC to participate in gilts buy-back The `other capital' factor in forex reserves accretion Bank on postal department for efficient credit delivery The paradox of soaring forex assets and falling returns Multilateral institutions eye Indian housing finance sector As RIB redemption draws closer — SBI Mutual plans fresh schemes for NRIs `Sky is the limit for J&K Bank if peace returns' ICICI Bank bid to build brand thru social work |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home | Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |