Financial Daily from THE HINDU group of publications
Friday, October 18, 2002
| Forex Rates Oct. 17 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Friday, October 18, 2002 |
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MONEY & BANKING BUYBACK 
1942 — A buyback storyTHERE is nothing unusual about a financial services company buying back its shares. But what if some of these shares date back to the pre-Independence days and trace their ancestry to one of the 14 banks nationalised by the late Indira Gandhi? ... More FOREX Rupee steady; bonds up THE rupee closed unchanged at 48.39/40 on Thursday as compared to previous close after a day of volatile trading in the forex markets. "Oil companies were seen buying dollars in large volumes both today and yesterday,'' said a forex ... More HOUSING FINANCE 
HDFC moots 1:1 jubilee bonus; Q2 net up 21 pcHDFC'S board of directors on Thursday recommended issuing bonus shares in the ratio of 1:1, partly with the intention of capitalising a part of the company's reserves and partly to commemorate the 25th year of its operations. Riding on the back ... More
HDFC to mull share buyback — Seeks exemption from debt-equity ratio norm GENERAL INSURANCE 
HDFC Chubb goes on streamHDFC Chubb General Insurance Company today announced the formal launch of its operations introducing its first product — motor insurance. HDFC Chubb will gradually roll out non-life insurance products over several categories, said Mr ... More FINANCIAL MARKETS Govt must ensure stable currencies: Mahathir DEVELOPING countries need to find ways to maintain currency stability rather than allowing themselves to be "freely tossed around" by currency traders who are always in search of profits, according to the visiting Malaysian Prime Minister, Dr ... More PUBLIC SECTOR BANKS 
Indian Bank `on target'DESPITE the pressure due to falling interest rates, stiff competition posed by other competing players coupled with the general slowdown in the economy, Indian Bank has been able to achieve the set targets at each level. The Chairperson and ... More
Andhra Bank gets going on fast-forward mode — To take up insurance, mutual fund selling
FOREIGN BANKS Citibank opens branch in Kochi CITIBANK India has opened its first full service branch in Kochi, the bank's 20th in the country and first in Kerala, on Thursday. ``This is our first entry point in Kerala and we expect good business. There has been a growing demand for a full ... More CORPORATE BONDS Nicholas Piramal NCD gets `MAA' ICRA has assigned an MAA rating to Nicholas Piramal's Rs 100-crore non-convertible debenture programme on the basis of its dominant position in domestic formulations (78 per cent in fiscal 2002) market, stable revenues, established brands and ... More MERGERS & ACQUISITIONS PNB examining Nedungadi Bank takeover issue PUNJAB National Bank (PNB) has sought clarifications from the Reserve Bank of India on the issue of taking over the Kerala-based Nedungadi Bank, according to Mr S.S. Kohli, Chairman and Managing Director of PNB. Talking to presspersons here on ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Pick a Winner Stock Market Contest
Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Oct. 6-Oct. 12 PSBs account for half the deposits in Q1 Polymer notes not now: RBI Andhra Bank not keen on Centurion; fears erosion Cap on health riders in life policies — IRDA makes insurers uneasy |
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