Financial Daily from THE HINDU group of publications
Wednesday, December 29, 2004

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RBI hikes margins on loans against shares
THE Reserve Bank of India has tightened the norms for bank loans against shares. Margins against such loans have been raised to 50 per cent from 40 per cent with immediate effect. The revised rate is applicable to all bank advances against ... More

Bull run continues; Sensex at 6,563
THE bourses continued their breathless bull run on Tuesday, with the Sensex registering yet another high. The 30-stock benchmark index consolidated on its 6,500-plus position on Monday and gained a further 50.45 margin lead to close at 6,563.48. ... More

Govt looking at `holistic' legislation on data protection
CLOSE on the heels of promulgating an Ordinance to usher in a product patent regime, the Government is looking at the possibility of enacting a "holistic" piece of legislation on data protection. "Data protection is a very complex and large ... More

War risk insurance for Indian flag ships liberalised
IN a New Year gift to the domestic shipping industry, the Government has liberalised the war risk insurance for Indian flag ships. It has granted freedom to ship owners to place their war risk cover directly with public sector insurance ... More

LIC simplifies death claim forms for tsunami victims — Nabard aid for rural housing, fisherfolk
BANKS and insurance companies are chipping in with special financial packages to assist those affected by the tsunami that hit the east coast on Sunday. According to a press release from the National Bank for Agriculture and Rural Development, ... More

Insurers to settle only claims with add-on quake cover
ONLY those corporates that have both earthquake and STFI (storm, tempest, flood and inundation) covers will be entitled to receive compensation for the damages caused by the recent tsunami strike, say sources in the insurance industry. STFI is ... More

Tsunami damages 3 SBI branches in Andamans
THREE branches of State Bank of India in Andaman & Nicobar were damaged by the tsunami disaster. The flooding caused by the calamity impaired the premises and computer systems, said Mr A.K. Purwar, Chairman, State Bank of India, speaking to ... More

Impact of tsunami in Kalpakkam — `Power generation in MAPS to begin in a week'
THE Madras Atomic Power Station's nuclear power generating facilities are safe, and the unit which was shutdown when the tsunami hit will restart in a week's time, the Secretary in the Department of Atomic Energy and Chairman, Atomic Energy ... More

Kids' channels vying to capture audience — `Focus on localisation of content, multi-language feed'
AT one time, Cartoon Network reigned supreme. But today with seven channels in the children's category, broadcasters are prompted to secure their distinctiveness in a bid to capture audience attention. Most of the kids' channels are looking at ... More

Contributions to THE HINDU Relief Fund
The following is the list of first donors who sent in their contributions to THE HINDU Relief Fund. More

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