The Hindu Business Line : Sunday, February 01, 2004

FOREX
Forex reserves up by $1.11 b
REVALUATION in the Reserve Bank of India's basket of currencies and consistent dollar inflows into the country have once again taken the country's forex reserves up by $1.11 billion in a single week, as per the latest RBI statistics. Last week, ... More

FINANCIAL PERFORMANCE
GTB net falls 82 pc in third quarter
THE net profit of Global Trust Bank (GTB) fell by around 82 per cent in the third quarter of current fiscal ended December 31, 2003. According to the unaudited financial results, GTB recorded a fall of around 29 per cent in total income at Rs ... More

LIFE INSURANCE
GMR Technologies EGM clears investments in ING Vysya Life
GMR Technologies & Industries Ltd has informed stock exchanges that its shareholders at the extraordinary general meeting have given approval, by postal ballot with requisite majority, for making investments in equity shares of ING Vysya Life .. More

PRIVATE BANKS
Centurion Bank receives first phase of fund infusion
CENTURION Bank has received the first phase of funds through Sabre Capital Worldwide and other investors worth Rs 154 crore and will have the proposed Rs 65-crore rights issue before the end of this financial year as part of its second capital ... More

Dhanalakshmi Bank to take possession of part of Devaki Hospital
THE Chief Metropolitan Magistrate, Chennai, has passed an order under the Securitisation Act to allow The Dhanalakshmi Bank to gain possession of a part of Devaki Hospital on February 2. The order comes in the wake of a management struggle ... More

MERGERS & ACQUISITIONS
`IFCI merger with PNB will be a win-win situation'
A DAY after the board approval for IFCI merger and on his last day in office, the Chairman and Managing Director, Mr V.P. Singh, today said that the institution could still turn out to be an asset for Punjab National Bank (PNB) with which it is ... More

`SBI open to acquisitions'
STATE Bank of India (SBI) has an open mind about acquisition of other banks, according to its Managing Director, Mr C. Bhattacharya. Talking to presspersons here on Saturday, Mr Bhattacharya said the bank has already been sounded out in this ... More

Cross Currency Rates

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Forex reserves up by $1.11 b

Godrej Consumer Q3 net at Rs 18 cr; to pay 50% interim

Looking back
Jan. 25-Jan. 31
Finance Ministry plans omnibus insurance law

FCI sops may impact banks' profit: Crisil

FDI inflow slowed during last fiscal: RBI report

`India merits higher rating'

Debt market sees rates hardening

Syndicate Sabbatical from February 1

RBI paving the way for PSBs' shake-out

`Third party motor claims as high as 300 pc'