Financial Daily from THE HINDU group of publications
Tuesday, June 07, 2005
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Financial Daily from THE HINDU group of publications Tuesday, June 07, 2005 |
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MONEY & BANKING INSIGHT RBI's MIFOR move spurs... Search for floating rupee benchmarks FOREX Rupee tad higher; securities decline MUMBAI: The rupee gained on FII inflows on Monday, with the currency moving in a 3-4 paise range, said dealers. It ended trade at 43.57/58, up from Friday's close of 43.67. Trading in the spot rupee market was dull, as there was no major ... More STOCKS NSE new index for bank stocks MUMBAI: NSE has decided to start a new index CNX Bank, comprising 12 stocks from the banking sector. The CNX Bank index is being introduced from June 9. The 12 stocks in the list are Andhra Bank, Bank of Baroda, Bank of India, Canara ... More FINANCIAL PERFORMANCE Sundaram Fin posts Rs 76-cr net profit — Conversion into bank ruled out SUNDARAM Finance has posted a net profit of Rs 75.99 crore for the year ended March 31. The company had reported a net profit of Rs 55.62 crore in 2003-04. The numbers for the two years are, however, not comparable, since the merger of Lakshmi ... More HOUSING FINANCE HDFC picks 9.8% stake in Indraprastha Medical MUMBAI: HDFC Ltd bought 90 lakh equity shares of Indraprastha Medical Corporation, in a block deal on the BSE on June 2. This amounts to 9.8 per cent stake of the company. HDFC officials said the acquisition is a part of its portfolio ... More DEBT MARKET G-Sec auctions fully subscribed THE auctions of the 7.37 per cent and 10.25 per cent Government stock were fully subscribed, as the cut-off prices for both papers were lower than expected. For the 7.37 per cent 2014 paper, the notified amount was Rs 6,000 crore. The ... More PRIVATE BANKS 
Karnataka Bank revises FCNR deposit ratesKARNATAKA Bank Ltd has lowered interest rates on FCNR (B) deposits with effect from June 1, according to a release. |