Financial Daily from THE HINDU group of publications
Wednesday, August 03, 2005
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Financial Daily from THE HINDU group of publications Wednesday, August 03, 2005 |
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MONEY & BANKING FOREX Yuan revaluation will leave rupee cold THE last few years have seen a steady appreciation of the rupee against the US dollar. From the depths of close to Rs 50, the Indian currency has climbed steadily to Rs 43.50 levels. "Steady" is the word - the Reserve Bank of India has ... More
Rupee drifts lower, bond prices rise INSURANCE ICICI Lombard cover for Army Society staff, students ICICI Lombard General Insurance Company is providing a group personal accident policy to 1.40 lakh students and staff of Army Welfare Education Society throughout the country. The policy will provide insurance cover of Rs 1 lakh in the event of ... More FINANCIAL PERFORMANCE UCO Bank records 27 pc growth in Q1 KOLKATA: UCO Bank has recorded a 26.6 per cent growth in business as on June 30, 2005, compared to the corresponding quarter of the previous year. The bank has posted an operating profit of Rs 158.73 crore and a net profit of Rs 45 crore ... More SOFTWARE Handsome pay-off for Citigroup arm WHY is Citigroup's arm, Citigroup Venture Capital International, selling out its equity stake in i-flex Solutions, a company created by the group in the nineties? That is a question that would have been on everybody's mind the day Oracle ... More GENERAL INSURANCE 
Mumbai rain claims at 10,000 for Rs 1,500 crTHE blowout in the skies over Mumbai may have tested the prowess of the country's commercial capital to deal with a natural calamity of great magnitude. And now, the aftermath of the unprecedented downpour last week is testing the financial ... More RBI & OTHER CENTRAL BANKS RBI nod not needed for appointing foreign nationals on co boards THE Reserve Bank of India has clarified that its approval is not required for the appointment of a foreign national as a director on the board of directors of an Indian company under the Foreign Exchange of Management Act, 1999. In a release, ... More PUBLIC SECTOR BANKS State Bank of Mysore to bring all branches under CBS this year STATE Bank of Mysore (SBM) is planning to bring all its branches under core banking solution (CBS) by the end of the current financial year. The bank, which has 638 branches, has covered 72 branches under CBS. In an informal chat with ... More FOREIGN BANKS 
HSBC to sell prime properties through e-auctionIT may well be the first time in the country that prime residential properties are being sold through an electronic auction. The seller — the Indian subsidiary of the Hongkong and Shanghai Banking Corporation Ltd (HSBC), which has put seven ... More CREDIT MARKET 
Changing face of consumer creditA creditor is worse than a slave-owner; for the master owns only your person but a creditor owns your dignity and can command it. — Victor Hugo, Les Miserables REGULATORY BODIES & RULINGS Third party motor cover mandatory, IRDA tells insurers `The Third Party Insurance is a compulsory cover as per the Motor Vehicles Act and cannot be denied by any insurer to any vehicle having a valid fitness certificate.' More
IRDA seeks weekly reports TRENDS Even bank vaults, currency chests not spared THOUGH banking operations returned to normalcy by Tuesday, several banks are now facing the problem of soiled currency notes and documents, as rainwater has flooded their strong rooms and safe deposit vaults. However, it is too early to put a ... 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 The Yuan 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 Jul. 24-Jul. 30 Forex reserves rise by over $600 m LIC, SBI in fray for pension fund manager slots RBI upbeat on growth Yuan-rupee in focus as China is top imports source Heavy provisions, loss on investments sale — Andhra Bank Q1 net falls to Rs 85 crore Insurance cos bracing for flood of claims Reliance Cap in talks to buy AMP Sanmar |
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