The Hindu Business Line : Saturday, February 04, 2006

Forex reserves up $37 m on inflows into equity market
THE foreign exchange reserves of the country gained by $37 million for the week ended January 27 on the back of inflows into the domestic equity market. According to the Reserve Bank of India's Weekly Statistical Supplement, foreign exchange ... More

Rupee strengthens; bond prices firmer
MUMBAI: The rupee closed higher against the US dollar on Friday, as there were capital inflows and export-related supplies. The inflows kept the rupee buoyant even as the dollar strengthened against other major currencies, said dealers. ... More

PRIVATE BANKS

Federal Bank GDR lists at a premium
THE Federal Bank GDR, which was listed on the London Stock Exchange on Thursday, was trading at a premium. The GDR, each representing an underlying equity share priced at $3.97, were trading at a premium of 5 per cent into the second day today, ... More

PUBLIC SECTOR BANKS

Canara Bank shifts to new premises at Nellikai Road in Mangalore
MANGALORE: The Bunder-Mangalore branch of Canara Bank was shifted to new premises at Nellikai Road in Mangalore on Friday. Mr S.R. Rangamurthy, President of the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) ... More

Canara Bank opens branch at Khargahar in Navi Mumbai
MUMBAI: Canara Bank has opened a fully computerised branch in Khargahar, Navi Mumbai. This will be the bank's 2,527th branch in the country and its 158th in the Mumbai North Circle. Mr Deepak Kapoor, Joint MD, CIDCO, inaugurated the ... More

INTEREST RATES

TMB hikes NRE, FCNR deposit rates
TAMILNAD Mercantile Bank Ltd has hiked the interest rates on NRE term deposits by 10 basis points from 5.60 per cent to 5.70 per cent, uniformly for all the maturity period between one year and 3 years. It has also hiked the interest rates on ... More

GOVT BONDS

STCI plans to offer Govt paper to retail investors through UTI Securities
SECURITIES Trading Corporation of India Ltd (STCI) plans to take Government securities to retail investors using the distribution network of UTI Securities, which it acquired recently. UTI Securities, a broking and investment company, has 20 ... More

NON-PERFORMING ASSETS

SFCs more open now to corporate debt revamp
The NPA recovery efforts were successful only to a small extent and had failed to correct asset liability mismatches. More

INTERVIEW

`Insurance agents must deliver more than they promise'
Customers should be made aware that an investment-linked product should not be purchased unless one has an added 25-year life expectancy. More

CO-OPERATIVES

Saraswat Co-op Bank in pact with India Infoline
SARASWAT Co-operative Bank has tied up with India Infoline to offer equity research, broking and portfolio management services to its clients. Under the alliance, India Infoline will extend online and offline broking facilities to the bank's ... More

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Satyam sets up automotive centre in Detroit

`Growth in manufacturing sector key to generating employment'

Asia-Pacific packaged software market may touch $13.4 b this year: IDC

SFCs more open now to corporate debt revamp

Govt set to garner Rs 1,100 cr from FM radio privatisation

Soyameal exports may top 22 lakh t by March-end

L&T to acquire Spectrum Infotech

In Focus

Infrastructure woes stare IT sector

IPO Scams

FDI in retail sector