Financial Daily from THE HINDU group of publications
Friday, May 13, 2005
Financial Daily from THE HINDU group of publications Friday, May 13, 2005 |
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MONEY & BANKING FOREX Rupee sheds gains; gilts trade in range MUMBAI: As global currencies weakened against the dollar on strong US trade deficit figures, the rupee too lost Wednesday's gains. On Thursday, the rupee ended trade at 43.37 against the dollar, lower than Wednesday's close of 43.28/29. ... More LIFE INSURANCE CSC in deal with AMP Sanmar BANGALORE: Computer Sciences Corporation said on Thursday that AMP Sanmar Life Insurance Co Ltd has signed a new three-year contract valued at $4.5 million. CSC, which has been providing IT services to AMP Sanmar since February 2002, will ... More GENERAL INSURANCE New India offers bank-specific floater mediclaim policy NEW India Assurance, as part of a bancassurance tie-up with United Western Bank (UWB), has launched a bank specific floater group mediclaim policy known as New Uniwest Mediclaim policy. The product will be available to the family unit - a ... More FINANCIAL POLICY Banking reforms: Left parties take issue to PM LEFT parties on Thursday expressed their opposition to the Government on the decision to introduce a Bill to lift the 10 per cent voting rights cap in private sector banks. At a meeting with the Prime Minister, Dr Manmohan Singh, senior Left ... More
Parliament passes Bill to curb money laundering RBI & OTHER CENTRAL BANKS Overseas investment ceiling raised to 200 pc of networth THE Reserve Bank of India has announced that the ceiling of overseas investment for Indian companies has been raised from 100 per cent of their networth to 200 per cent, said a press release from RBI. Under the automatic route for overseas ... More CREDIT CARDS & DEBIT CARDS 
Yes Bank begins retail initiative with debit cardYes Bank on Thursday announced its foray into retail banking with the launch of the International Gold and Silver debit card. These cards are in partnership with MasterCard International. Speaking to newspersons at the launch of the debit ... More
AmEx offers benefits to platinum card members on Delta Air MERGERS & ACQUISITIONS Bank mergers: Approval from two-third board members must THE Reserve Bank of India has stipulated that merger of banks should have the consent of two-third majority of the members of their boards and not just those present at the board meeting alone. Those directors who participate in such meetings ... More
Merger moves don't go far enough IPOS 
Indian Bank IPO in H1 at `significant' premiumENTHUSED by an upswing in performance, Indian Bank plans to tap the capital market in the current year, according to the bank's Chairman and Managing Director, Mr M.B.N. Rao. Though the size and form of the issue was yet to be decided, the bank ... More TRENDS Risk-averse, most banks reach IFR limit MOST banks have reached the investment fluctuation reserve (IFR) limit ahead of the deadline prescribed by the Reserve Bank of India, i.e. April 2006. According to RBI guidelines, banks are expected to have built-up reserve of 5 per cent of ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
Looking back May. 1-May. 7 Forex reserves increase by $1 billion Bearish trend in bonds to continue LIC to focus on equities, may scale up exposure SBI joins race to tap mid-corporates HDFC net jumps 16.7 pc in Q4; to pay Rs 17/share IGF seeks probe into alleged price rigging in 3 banks |
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