Financial Daily from THE HINDU group of publications
Friday, May 03, 2002
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Financial Daily from THE HINDU group of publications Friday, May 03, 2002 |
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MONEY & BANKING FOREX Rupee steady; gilts weak Mumbai: THE rupee closed steady on Thursday at 48.94/95 against the dollar as compared to the previous close of 48.9475/9525 in a stable forex market. The domestic currency opened at 48.95/96. Forex dealers said, there is no immediate concern ... More NBFCS Fresh norms for nidhis on deposits timeframe THE Department of Company Affairs (DCA) has notified fresh guidelines amending the existing norms for nidhis and mutual benefit societies (MBS) specifying a strict time-frame for the entire industry to ensure compliance with the norm of limiting ... More HOUSING FINANCE More keen on credit guarantee co THE mortgage credit guarantee party is swelling in numbers with the Asian Development Bank (ADB) and UGI, a US insurance company, also willing to pick up equity in the proposed venture. With this, the number of entities, which have promised to ... More LIFE INSURANCE ICICI PruLife ties up with Federal Bank ICICI Prudential Life Insurance Company has entered into a strategic tie-up with the Federal Bank for the distribution of life insurance products. The tie-up comes after ICICI PruLife had launched its operations in Kochi in February this year. ... More
GENERAL INSURANCE Live events turn on insurance cos HIGH wattage laser displays and booming music seem to be attracting not only youngsters but also insurance companies. The new private insurance companies see good growth potential in providing insurance cover for live events. "Live events is ... More
Bajaj Allianz bags Raichur Unit 6 insurance PRIVATE BANKS UTI Bank Q4 net up 51 pc UTI Bank Ltd registered a 51 per cent increase in net profit at Rs 42.06 crore for the fourth quarter ended March 31, 2002, compared to Rs 27.92 crore in the corresponding quarter in the previous year. Addressing newspersons here on Thursday, ... More PUBLIC SECTOR BANKS Syndicate Bank Q4 net up at Rs 22.4 cr; to pay 12 pc SYNDICATE Bank's net profit for the fourth quarter ended March 31, 2002 was at Rs 22.42 crore as compared to Rs 22.13 crore in the corresponding period during the previous year. The bank has declared a dividend of 12 per cent for the year on a ... More GOVT BONDS 10-yr Govt paper fully subscribed MUMBAI: The Rs 6,000-crore auction of the 10-year Government paper was fully subscribed on Thursday with the cut-off yield fixed at 7.40 per cent. Bond dealers said that the cut off was in line with market expectation. The total number ... More CO-OPERATIVES AP: Revamp of co-operative sector on the cards The Government is also mulling over the possibility of changing the pattern of conducting elections for such co-operative bodies. 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 Apr. 21-Apr. 27 Bank on security rules to tackle armed attack Investment cap on relief bonds for retirees goes Oriental Insurance set to restructure workforce Bank of Baroda extends Rs 100-cr credit to IFCI New motor insurance tariffs by mid-May HDFC Standard does Rs 1,266-cr business |
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