Financial Daily from THE HINDU group of publications
Wednesday, February 27, 2002
| Forex Rates Feb. 26 (4.30 p.m. IST) | ||||||||||
|
Financial Daily from THE HINDU group of publications Wednesday, February 27, 2002 |
|
||||||||||||
|
|
|||||||||||||
|
MONEY & BANKING FOREX Rupee up 8 paise; gilts rally MUMBAI: THE rupee recovered sharply by around 8 paise to close stronger at 48.7250 per dollar in the forex market today, as compared toMonday's all-time low closing at 48.8050. After opening at 48.80, the currency edged up to 48.81, from where ... More NBFCS NBFCs hope Budget will remove inequities THE non-banking finance companies (NBFCs) industry complains that it has to pay income-tax on income it has not received. It hopes that the forthcoming Budget would remove this inequity. When a loan asset becomes non-performing (NPA), the ... More HOUSING FINANCE LIC Care Homes may include Apollo Hospitals, ITC Hotels LIC, the Apollo Hospitals group and ITC Hotels are understood to be coming together to set up old age homes. The project aims to provide hospitality and healthcare to old people at locations across the country. More GOVT BONDS Sharp reversal of yields to peg back interest costs INTEREST costs of the Centre are expected to show a sharp reversal in the revised estimates for the current financial year's Budget. Banking sources said that one of the major reasons for the reduced interest costs is the sharp reversal of ... More CO-OPERATIVES 
`RBI found Charminar operations flawed'THE Bombay Mercantile Cooperative Bank recently withdrew its deposits of around Rs 120 crore from Charminar Bank, the Hyderabad-based urban cooperative bank whose Chairman attempted suicide on Monday. This withdrawal has deepened the liquidity ... More TRENDS Bank funding for cos may dry up THE corporate sector is in for a double blow. Companies are not only going to find fresh funding from banks and institutions hard to access, they might also have to give up hopes of softer rates for whatever little is made available to ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 17-Feb. 23 49 pc cap for foreign investment in pvt banks Forex kitty moves up by $201 m `ARC should create market, not buy bad loans' Govt panel raises hopes for nidhis `Landless rich' knock more on SBI doors PSU general insurers chart phased revamp State guarantees not final word: RBI `Andhra Bank keen to boost non-interest income' |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home | Copyright © 2002, 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 |