The Hindu Business Line : Sunday, June 20, 2004

FOREX
Forex reserves dip by $333 m
THE country's foreign exchange reserves have declined, for the second week in row, by $333 million for the week ended June 11. The foreign exchange reserves stood at $119.345 billion compared with $119.678 billion for the week ended June 4. ... More

LIFE INSURANCE
Max India drops plan to offer equity to ChrysCapital — To give fresh holdings to Warburg Pincus, promoters
CLOSE on the heels of the private equity fund Warburg Pincus coming forward to pick up 29 per cent equity stake by investing Rs 200 crore in the company, Max India Ltd has decided to drop the earlier proposal of offering equity holding to ... More

FINANCIAL INSTITUTIONS
PFC mulls converting into universal bank — Morgan Stanley to explore possibilities
POWER Finance Corporation, a Central Government undertaking, is exploring the possibility of converting itself into a universal bank. It has commissioned Morgan Stanley, an investment banker, to study the possibilities of doing so, according to ... More

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Forex reserves dip by $333 m

PFC mulls converting into universal bank — Morgan Stanley to explore possibilities

Petrol, diesel sales up 10 pc in May

Romantic comedy films rule box office in Bollywood

Looking back
Jun. 13-Jun. 19
Forex reserves down $142 m

No dividend curb for banks with capitalised software costs

ICICI Lombard weather cover for orange growers

Retail loan rates may not fall

India's holdings of US Govt papers hit $14.6 b

Banking reforms stranded midway

Credit offtake is improving: SBI