Financial Daily from THE HINDU group of publications
Wednesday, June 22, 2005
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Financial Daily from THE HINDU group of publications Wednesday, June 22, 2005 |
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MONEY & BANKING OPEN OFFERS 
Anil makes open offer for 20 pc in RCLWITHIN two days of committing funds in Reliance Capital Ltd (RCL) its Chairman, Mr Anil Ambani, on Tuesday made an open offer to acquire 20 per cent of the company's shares at Rs 231 per share. In a notice to stock exchanges, RCL said Mr Anil ... More INSIGHT High oil prices unlikely to drag down growth OIL prices have touched new highs. The forward price of crude pushed to over $60 a barrel on Monday in the futures exchanges. As usual opinions differ on whether the rise is sustainable. Some weeks back, Goldman Sachs let a cat among the ... More FOREX Rupee steady; securities gain MUMBAI: The rupee marginally strengthened against the dollar on Tuesday as foreign institutional investor inflows helped neutralise the effect of domestic fuel price hike. The rupee opened weaker at 43.60/61, from Monday's 43.5725/5825. ... More INSURANCE DICGC hikes premium rates THE Deposit Insurance and Credit Guarantee Corporation (DICGC) has announced a hike in the deposit insurance premium in its annual report for 2004-05. The premium has been increased from eight paise per Rs 100 of assessable deposit in 2004-05 ... More
IRDA group wants minimum capital trimmed to Rs 25 cr LIFE INSURANCE Max NY Life in bancassurance pact with co-op bank MAX New York Life has signed a referral bancassurance agreement with Kapol Co-operative Bank. The company already has tie-ups with Thane Janata Sahakari Bank, New India Co-operative bank, Kalupur commercial co-operative bank and Yes Bank. ... More GENERAL INSURANCE General insurers may opt for IPO route to raise capital The IPO route is now being explored by at least two private sector insurers, especially since the Government has not relaxed foreign equity cap beyond 26 per cent. More PUBLIC SECTOR BANKS MoU plan for PSU banks dropped THE proposed exercise of signing memoranda of understanding (MoUs) between the Ministry of Finance and public sector banks has been given a premature burial by the Government. Instead of setting `rigid' MoU targets as `minimum assurance' from ... More FINANCIAL INSTITUTIONS German DFI to pick up 15% stake in Aarvee Denim DEG, a German development financial institution, is acquiring a 14.99 per cent stake in the Ahmedabad based Aarvee Denim and Exports Ltd. Aarvee is issuing 33.73 lakh equity shares of Rs 10 each at a premium of Rs 76 per share. Its shareholders ... More TRADE & LABOUR UNIONS Union faults SBI Bengal circle on transfer issue STATE Bank of India Staff Association has in a statement said that the SBI management is trying to distance itself from the responsibility of transferring its members in violation of norms. The norms, a note issued by the association (Bengal ... More IPOS Yes Bank IPO subscribed 26 times YES Bank's initial public offering, which closed on Tuesday, was subscribed 26 times, according to the NSE Web site. A total of 186.34 crore bids were received against the issue size of 7 crore equity shares. A total of 16.52 crore bids were ... More CO-OPERATIVES AP plans special cell to monitor co-op banks TO closely monitor the functioning of State-based urban cooperative banks (UCBs) and take necessary steps for prompt repayment to depositors, the Andhra Pradesh Government has decided to create a special cell. The Chief Minister, Dr Y.S. ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back Jun. 12-Jun. 18 Beware housing bubble: Parekh `Enough liquidity to meet growth needs' Govt offers more autonomy to PSBs `SMEs may be hit if interest rate cap on export credit is hiked' RBI panel for hike in foreign currency export credit rates Aviva shows interest in AMP Sanmar Life BoI, SIDBI tie up to boost credit to SMEs |
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