The Hindu Business Line : Wednesday, October 06, 2004

INSIGHT
Markets defy theory
ECONOMICS is a funny subject, simple and complex at the same time. Not for it the exactitude of physics. The reason is obvious. Economic activity deals with real people, with their fluctuating emotions, optimism and pessimism. John Maynard ... More

FOREX
Rupee slips; gilts weak
MUMBAI: The rupee closed a shade weaker against the dollar on Tuesday at 45.8625/8750. On Monday, the domestic currency had closed at 45.85 per dollar. The forex market witnessed two-way interest in the dollar and rupee, said a trader ... More

SOFTWARE
Citi renews deal with Hexware
CHENNAI: Hexaware Technologies Ltd has announced the renewal of its contract with Citibank in Germany. The contract, for a period of three years, starting September 2004, is close to $3 million a year. The maintenance project would ... More

LIFE INSURANCE
Max NY Life to hike capital by Rs 100 cr
MAX New York Life Insurance (MNYL) plans to hike capital by another Rs 100 crore soon. The company's present paid up capital is Rs 387 crore. "We will have to raise our authorised capital to Rs 500 crore. We will take it up in the next board ... More

PRIVATE BANKS

ICICI Bank facility

PUBLIC SECTOR BANKS
Oriental Bank offers loan to buy public issues
ORIENTAL Bank of Commerce has launched Equity, a loan to buy IPO shares. Through this, OBC will offer a maximum amount of Rs 10 lakh. The loan will be extended at nine per cent per annum. The margin to be contributed by the customer is 40 per ... More

IOB to organise `loan mela' in Kerala
THIRUVANANTHAPURAM: Indian Overseas Bank (IOB) is organising a `loan mela' in Kerala from October 10 to October 30, said an official press release. During this period, loans will be sanctioned for a range of purposes including purchase ... More

FIXED DEPOSITS
SBT hikes FCNR, RFC deposit rates
STATE Bank of Travancore (SBT) has raised the interest rates for FCNR term deposits in US dollars for various periods from one to three years with effect from October 4. The revised rate for US dollar deposits for one year to less than two ... More

ING Vysya drive

MERGERS & ACQUISITIONS
M&A success in banking — Enhancing value with BrandDueDiligence
AS SHAREHOLDERS bank on increased merger and acquisition (M&A) activity in the financial markets, analysts' views are mixed on what could be the potential benefits. Consider Oriental Bank of Commerce snapping up a ... More