The Hindu Business Line : Sunday, December 21, 2003

Yahoo! offers online money transfer
YAHOO! has launched an online payment service, Yahoo PayDirect International, which allows users to send money to family and friends across 182 countries. The new service will allow users to obtain cash through eight ... More

FOREX

Forex reserves cross $100-b mark
FOR the first time ever in India's economic history, the country's foreign exchange reserves crossed the $100-billion mark to touch $100.048 billion, the Finance Minister, Mr Jaswant Singh, said today. Over a decade ago, in 1991, India was ... More

`Embarrassment of riches'
REACHING the $100-billion mark in forex reserves is "a very important landmark," according to Mr S. Venkitaramanan. He should know. He was Governor of Reserve Bank of India in 1991, when the country's forex reserves were just enough to cover a ... More

Centi talk on the Minty Street
THERE is little cricket to watch on the telly in a (conditional access system) CAS regime, where we are so adamant about not buying set-top-boxes. Yet, we are happy with a minimised screen on the desktop, where the score keeps ticking. Likewise, ... More

STOCKS

Thomas Cook: Hold/Buy on declines
PIGGYBACKING on improved tourist arrivals over the past four months, travel services major Thomas Cook reported a strong showing for the quarter ending October 2003. Tourist arrivals, that gained momentum from ... More

IDBI Bank: Buy
FRESH investments in IDBI Bank stock can be considered. At Rs 43, the stock is attractively valued considering the growth notched in recent quarters. Between March 2003 and September 2003, the bank's advances have grown at a rate higher than ... More

LIFE INSURANCE

LIC reclaims market share from private players
THE Life Insurance Corporation of India has regained lost ground in terms of market share from private sector insurance players in the last couple of months. According to Mr S.B. Mathur, Chairman, LIC, the insurer's market share that had dipped ... More

GENERAL INSURANCE

INSURANCE CORNER
Tata AIG's HealthFirst
"ALL hospital allowances paid, no questions asked," that's the punch line of Tata AIG's HealthFirst. It is a comprehensive health policy that pays out a flat sum, rather than reimbursing, your medical ... More

CORPORATE BONDS

ICICI's Tax Saving Bond: Subscribe
INVESTORS can subscribe to the Tax Saving Bond of ICICI Bank. The yield on the bond is lower than what is offered by IDBI by half a percentage point. The yield is also lower by about 0.10 percentage point than what is ... More

CREDIT CARDS & DEBIT CARDS

UTI Bank plans euro debit card
This follows a growing demand for euros from businessmen and leisure travellers who head for European destinations. UTI Bank has already launched a US dollar-denominated travel currency debit card. Stating this during an interface with ... More

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