MONEY & BANKING
FINANCIAL SERVICES
Progeon eyes knowledge services space
PROGEON, the business process outsourcing subsidiary of Infosys Technologies, is foraying into the knowledge services space, to provide financial services to investment banks . The knowledge services offering from Progeon includes equity ...
More
OUTSOURCING
Insurance outsourcing revenues to touch $790 m by 2007
INDIAN insurance outsourcing revenues are likely to grow from an estimated $367 million (around Rs 1,682 crore) in 2003 to $790 million (around Rs 3,621 crore) by 2007, represented a compounded annual growth rate of 21 per cent, according to ...
More
FOREX
Borrowing plan lifts bonds; rupee steady
MUMBAI: The government securities traded in a narrow range on Monday with the sentiment improving after the announcement of Government borrowing programme. The Government plans to issue bonds for Rs 44,000 crore in the second half of ...
More
NBFCS
RBI cancels registration of Sehajpal Finance
THE Reserve Bank of India has cancelled the certificate of registration of Sehajpal Finance & Investment from September 7 for carrying on the business of a non-banking financial institution. Following this the company cannot transact the ...
More
GENERAL INSURANCE
UTV designs exclusive policy with United India
UNITED Television (UTV), along with United India Insurance Co, has structured a comprehensive insurance policy for all its productions meant for television telecast (including ad films, television serials etc.) for an annual cover. "Given the ...
More
DEBT MARKET
`Govt borrowing will go thru as scheduled'
THE RBI Governor, Dr Y.V. Reddy, has said he is confident that the Government's borrowing programme will go through as per schedule. "The borrowing will go through successfully and will be conducted as required by the Government," Dr Reddy ...
More
HUMAN RESOURCES
Engineering a change, the ICICI Bank way
THE next time you are in a teller queue or enquiring about some forms at ICICI Bank, don't be puzzled if you find one of the officials observing you closely. It could well be one of a new batch of 500 engineers that the bank is planning to ...
More
RBI & OTHER CENTRAL BANKS
Leeladhar appointed RBI Dy Governor
MR V. Leeladhar, Chairman and Managing Director, Union Bank of India and Chairman, Indian Banks' Association, has been appointed Deputy Governor of the Reserve Bank of India with immediate effect. Mr Leeladhar on Monday received the ...
More
PRIVATE BANKS
Forging ties between MNCs and local companies — Yes Bank taps pharma, biotech opportunities
IT may be the newest kid on the banking block, but Yes Bank is already match-making between domestic and multinational companies (MNC) in the pharmaceutical and bio-tech industry. And in the process, the entrepreneurial bank Yes could find ...
More
Yes Bank opts for IT outsourcing
UNLIKE other banking behemoths, Yes Bank plans to hit the ground running on the technology front having roped in leading consultants like KPMG and Gartner and with an IT budget of Rs 50-60 crore over the next five years. With ambitious branch ...
More
PUBLIC SECTOR BANKS
Oriental Bank eyes buys in Kerala — Narang favours organic expansion in eastern region
THE Chairman and Managing Director of Oriental Bank of Commerce (OBC), Mr B.D. Narang, is keeping a close watch on his diet. After devouring the erstwhile Global Trust Bank (GTB), Mr Narang is wary of another big meal including the fare put out ...
More
SOCIETY & DEVELOPMENT
LIC(Hyd) pact with HelpAge
HYDERABAD: The South Central Zone of Life Insurance Corporation of India (LIC) has announced the regional alliance with HelpAge India, a non-governmental organisation into serving the needs of aged people, wherein the NGO would act as ...
More
PEOPLE
6 in fray for 3 slots on Federal Bank board
REASSURING the shareholders and investors , the Chairman of Federal Bank, Mr K.P. Padmakumar, said: "The bank's growth story will continue to be good and it is poised to give a good performance this year also." Notwithstanding the controversy ...
More
Cross Currency Rates
Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line
|
RSS Feeds