The Hindu Business Line : Sunday, December 14, 2003

`India largest recipient of remittances in Third World'
INDIA has become the largest recipient of private transfers in the developing world with $14.8 billion in 2002-03, and its share in the global flows is at around 3 per cent. This was stated by Dr J.M.I. Sait, a former Director, ... More

Forex reserves jump $1.45 b
STEADY foreign exchange inflows, nearly half of it contributed by portfolio investors, have boosted the country's reserves by nearly $1.5 billion over the past week. As per the latest RBI statistics, the country's forex kitty stands fortified ... More

INFORMATION TECHNOLOGY

FXDirect to go national shortly
FXDIRECT, the inter-bank foreign exchange trading system developed by Financial Technologies and deployed and offered through IBS Forex Pvt Ltd, will go national shortly. The company plans to cover Delhi, Bangalore, Chennai and Kochi, thereby ... More

STOCKS

IFCI: Hold
SHAREHOLDERS of IFCI can continue to hold the stock. The company's financial profile is set to improve, thanks to such measures as infusion of grants by the Government and the reduction in interest costs. This could ... More

LIFE INSURANCE

INSURANCE CORNER
LIC Bima Nivesh Triple Cover
LIC's new Bima Nivesh Triple Cover is an attractive investment-oriented insurance product. The main attraction is in the term of the policy and the guaranteed additions. How it ... More

GENERAL INSURANCE

Understanding health covers
SHOPPING for an insurance policy and selecting the right mix of benefits are arduous tasks. The sheer variety of products and the tag-on benefits offered leaves you confused. Take, for instance, the health cover ... More

ECGC in talks with two PSU banks for bancassurance
THE Export Credit Guarantee Corporation of India (ECGC) is at an advanced stage of negotiations with Bank of India and Indian Bank to enter into separate bancassurance agreements with them. The corporation provides a range of credit risk ... More

SMALL SAVINGS

Take advantage of administered rates
The high-administered rates on small savings options may be available only for a few weeks more. When administered rates decline, yields on competing options may decline too. So, advancing investment plans appear to be in order in the case of most de bt investments. More

CORPORATE BONDS

IDBI Flexibonds — Yield to Tax Saving Bonds
THE rates on offer in the case of IDBI Flexibonds, which is open for subscription, are more attractive than that offered by ICICI Bonds. However, they are still lower than what is offered by small-savings options. ... More

JNPT set to float long term listed bonds soon
JAWAHARLAL Nehru Port Trust (JNPT) is set to come out with a long-term listed bond issue shortly as part of its efforts to raise funds from the market and pre-pay the principal outstanding World Bank loan of Rs 468 crore. "The port trust has ... More

CREDIT MARKET

Bank credit up Rs 4,711 cr
GROSS bank credit has increased by Rs 4,711 crore to touch Rs 7,66,636 crore as on November 28. This is inclusive of food credit, which grew by Rs 1,023 crore to touch Rs 36,461 crore and non-food credit, which increased by Rs 3,688 crore to Rs ... More

NEW PRODUCTS & SERVICES

BANKING PRODUCT
SBI's Medi-Plus Scheme
YOUR loved one is hospitalised and needs surgery, but you do not have enough funds to meet the cost. Worried? You do not have to anymore. A host of loan products are now available that will help you meet such emergency ... More

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