The Hindu Business Line : Monday, May 13, 2002

CARE lowers IFCI rating
RATING agency CARE has downgraded IFCI's long and medium term debt to speculative grade. According to a release issued by CARE, IFCI's rating has been reduced to A-, signifying high susceptibility to defaults. It has also downgraded the ... More

INTEREST RATES

Maintaining interest rate on deposits: Detail investment plan to justify 9.5 pc, EPFO told
THE Finance Ministry and the Employees Provident Fund Organisation (EPFO) appear to be on a collision course with the Ministry putting the onus on the organisation to come up with investment options, which would guarantee a return of at least 9.5 ... More

Bank of England gambles on growth
THE Monetary Policy Committee (MPC) of Bank of England left the interest rates unchanged in its meeting last week. There seems to be a change in approach of the Committee. It is important to note that the British economy had a relatively vibrant ... More

GOVT BONDS

`CAG audit failed to detect misuse of seamen fund'
THE annual audit of the accounts of the Seamen's Provident Fund (SPF) by the Comptroller and Auditor-General (CAG) of India had failed to detect the lack of possession of securities against which investments were made out of the fund. "This ... More

Bond markets continue to remain lacklustre
Although, there is a continuous expansion reserve due to foreign currency inflows, the demand from oil companies offset the supplies leading to volatility. Further, another factor that has prompted the tightening in the markets is the pick-up in cred it. Such a credit pick-up, especially from non-food sectors,is beginning to put pressure on interest rates. More

CO-OPERATIVES

Depositors storm Dhana Bank: Dishonoured DDs trigger panic
ANOTHER urban co-operative bank in the State, Dhana Bank here, is deep in trouble with irate depositors storming the bank premises late on Saturday night, seeking to cancel demand drafts which had not been honoured by other banks. Earlier, the ... More

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`Indo Gulf still thinks fertiliser makes good business'

`LTTE has not come to the negotiating table to surrender': Dr Jayadeva Uyangoda

`CAG audit failed to detect misuse of seamen fund'

Digital to gain from HP-Compaq merger

Third party logistics: New movers on the block

Maintaining interest rate on deposits: Detail investment plan to justify 9.5 pc, EPFO told

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
May. 5-May. 11
Western Union has big plans in money transfer sector

Forex reserves rise $243 m