The Hindu Business Line : Thursday, April 18, 2002

Enron shares as `collectibles'
THE Enron narrative got off to a start as high drama, transformed itself into a whodunit, segued into tragedy - and has now degenerated into low farce. A Florida-based outfit called Frame-A-Stock Corporation is offering a single Enron share, ... More

FOREX

Rupee recovers; gilts weak
Mumbai: THE rupee slipped to another all-time intra-day low at 48.97 before recovering to close stronger at 48.92/9250 per dollar, as compared to previous close of 48.9450, in a volatile forex market. Forex dealers said that the rupee was ... More

RBI amends norms on forex contracts
THE Reserve Bank of India (RBI) has modified a condition that needs to be complied with for a person resident in India to enter into a forward contract with an authorised dealer in India. A senior RBI official held that the central bank has now ... More

HOUSING FINANCE

Can Fin Homes ad gets clean chit
THE Monopolies & Restrictive Trade Practices Commission (MRTPC) has given a clean chit to Can Fin Homes Ltd on its advertisement which claimed that its deposits were "risk-free". Considering an application filed by the Director General ... More

StanChart offers new home loan scheme
STANDARD Chartered Bank is offering a new scheme under which a savings deposit holder can get a home loan at a lower rate of interest. The new product, called `Homesaver' combines a home loan and a bank account, designed to reduce the interest ... More

LIFE INSURANCE

LIC info-centre in Mumbai

CREDIT RATING

`P1+' reaffirmed for Cipla, Pfizer CPs
CREDIT Rating Information Services of India Ltd (Crisil) has reaffirmed its `P1+' rating, (indicating highest safety) assigned to the Rs 15-crore commercial paper programme of Cipla Ltd and the Rs 30-crore commercial paper programme of Pfizer ... More

PRIVATE BANKS

Centurion promoter Ahuja quits board
CENTURION Bank Ltd on Wednesday informed the BSE that Mr Dev Ahuja, one of the promoters who holds 26 per cent of the bank's equity, and Mr V.S. Srinivasan, had stepped down from its board of directors. Mr Srinivasan was the Managing Director of ... More

INTEREST RATES

No rethink on rates
NEW DELHI: Pensioners and retiring employees are unlikely to get any additional reliefs in the official amendments to the Finance Bill 2002. Senior Finance Ministry officials virtually ruled out any rethink on the 50-basis point cut in the ... More

NEW PRODUCTS & SERVICES

HSBC launches Internet merchant services
THE Hong Kong and Shanghai Banking Corporation Ltd (HSBC) on Wednesday launched `Internet merchant services,' facilitating a secure means to process credit card payments online through its Internet payment gateway. The payment gateway will ... More

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