Financial Daily from THE HINDU group of publications
Thursday, July 07, 2005
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Financial Daily from THE HINDU group of publications Thursday, July 07, 2005 |
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MONEY & BANKING FOREX Forex reserves enough to meet 14 months' imports The ratio of short-term debt to foreign exchange reserves increased to 5.3 per cent for March 2005, from 4.2 per cent in March 2004. More
Rupee weakens; bonds recover INFORMATION TECHNOLOGY Yes Bank signs up with IBM for tech infrastructure YES Bank has tied up with IBM to build an "on demand" technology infrastructure. IBM will provide complete information technology infrastructure, including servers, storage and desktops as well as IBM middleware, according to IBM and Yes Bank ... More STOCKS Pvt bank stocks shine; Sensex soars PRIVATE bank stocks had a field day at the bourses on Wednesday with strong speculation that big investors are seeking to invest in them. Share price of Karnataka Bank was locked at the upper circuit on Wednesday, while those of South Indian ... More FINANCIAL PERFORMANCE 
Oriental Insurance net up 4.4 pcORIENTAL Insurance Company Ltd has recorded a net profit of Rs 330.52 crore for fiscal 2004-05 — a 4.43-per cent rise over the previous year's Rs 316.47 crore. The profit before tax grew 3.82 per cent to Rs 471.70 crore (Rs 454.33 ... More SOFTWARE IBM gets Rs 56-cr IDBI contract IDBI Ltd has awarded a Rs 56-crore contract to IBM Global Services to consolidate its IT infrastructure, including building and providing service support for a data centre and a disaster recovery site, according to a release from the ... More GENERAL INSURANCE Infosys places Rs 4,600-cr cover with NIC The plan comprises a business interruption cover and a group medical cover for an estimated 24,000 families. More FINANCIAL MARKETS RBI sets up dept to track financial markets THE Reserve Bank of India has decided to closely track the financial markets. Towards this, the RBI today set up a separate department called Financial Markets Department (FMD). The FMD will be under Dr Rakesh Mohan, who took over as Deputy ... More RBI & OTHER CENTRAL BANKS 
Quarterly review of monetary policy — RBI on a historic work-outThe RBI's open, pre-announced quarterly review on macroeconomic developments is historic and must commit the central bank to the current stance of monetary policy as it takes into account the multiple objectives of securing higher growth, price stabi lity and financial stability. There are no real alternatives to this even if the instruments and objectives of the policy do not match at this point in time, says A. Vasudevan. More PUBLIC SECTOR BANKS SBM plans Rs 150-cr tier-II capital issue KEEPING in view the increasing credit offtake, both corporate and retail, and the need to meet the Basel-II norms, State Bank of Mysore (SBM) plans to augment its capital-to-risk assets ratio (CRAR). The bank is considering plans to raise funds ... More SHORT TERM INSTRUMENTS 91-day T-bill bids partly accepted THE auction of the 91-day Treasury bill on Wednesday received bids for the notified amount, but not all the bids were accepted. However, the 364-day Treasury bill received full subscription, according to an RBI press release. The notified ... More INTERVIEW 
`Unlimited liability on third party motor cover is a major problem'AT Royal Sundaram, now into its fifth year of operations, there is a certain sense of stability. The company, after the initial excitement of a start-up, now enters a consolidation phase. The focus has been on the personal lines such as motor, ... More PEOPLE 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 Jun. 26-Jul. 2 NCR to run cheque truncation pilot project Plan to hike two-wheeler third party insurance premiums shelved Bank of Punjab, Centurion merger ratio fixed at 4:9 — New entity to be called Centurion Bank of Punjab Current account surplus in Q4 — Trade deficit for the year at record $38 b Govt working on special credit plan for SMEs |
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