The Hindu Business Line : Friday, September 02, 2005

Rupee recovers; securities rise
MUMBAI: The rupee gained against the dollar as oil price came off its highs and also weakening of the greenback in the global markets. The rupee opened at 44.08 and ended trade at 44.03. It touched an intra-day high of 44.0150 and an ... More

INSURANCE

SBI to celebrate `insurance month'
STATE Bank of India will celebrate "Insurance Month" up to September 15 at all the zonal office centres of the bank. According to a press release, the "Insurance Month" is aimed at creating an awareness of both life insurance and general ... More

NBFCS

MP Birla group forces poll on all resolutions at Pilani Inv AGM
THE M.P. Birla Group on Thursday forced a poll on all the seven resolutions proposed before the shareholders of the Pilani Investment and Industries Corporation Ltd at its annual general meeting. Apart from the accounts, dividend, auditors' ... More

CONSUMER FINANCE

GE Money will henceforth market Countrywide products in India
GE Consumer Finance, the global consumer-lending unit of General Electric and its third biggest division, today launched in India GE Money, the new global umbrella brand of all GE businesses providing financial services. With this launch, all ... More

LIFE INSURANCE

Bajaj Allianz gets Rs 58 cr more capital
MUMBAI: Bajaj Allianz Life Insurance has infused Rs 58 crore into its capital, taking up its total paid-up capital to Rs 308 crore. According to a press release, Mr Sam Ghosh, Country Manager, Allianz and Chief Executive Officer, Bajaj ... More

PM launches LIC's golden jubilee policy
The Prime Minister, Dr Manmohan Singh, launching LIC's golden jubilee policy - Bima Gold - in Lucknow on Thursday. To his left is the Finance Minister, Mr P. Chidambaram. ... More

PRIVATE BANKS

Catholic Syrian Bank to pay 15 per cent
THE Thrissur-based Catholic Syrian Bank has declared 15 per cent dividend for 2004-05. Presiding over the 84th Annual General Meeting, Mr N.R. Achan, Chairman, said the bank had notched up a net profit of Rs 10.66 crore on a total operating ... More

PUBLIC SECTOR BANKS

PSBs opt for leveraging fixed assets to raise funds
Most banks have sizeable fixed assets, particularly in the form of land and building, spread across the country. More

IOB launches multi-city cheque facility
INDIAN Overseas Bank has launched a multi-city cheque facility for its corporate clients. This facility enables its customers to issue cheques payable at par at 40 centres across the country. Initially, it will be available to current account ... More

Andhra Bank plans 40 more ATMs in Vizag zone
ANDHRA Bank plans to set up 40 more ATMs in Visakhapatnam zone before the end of the financial year. Announcing this after inaugurating a two-day road show of the bank at the Seethammadhara branch as part of AB Deposit Ut`save' here on ... More

FOREIGN BANKS

TCS, Infosys clinch deals worth $400 m from ABN Amro
IN one of the biggest global IT outsourcing deals in recent times, Indian vendors Tata Consultancy Services (TCS) and Infosys Technologies have clinched a total of just over euro 300 million ($400 million) worth of business from Dutch financial ... More

BNP Paribas India posts Rs 15 cr PAT
BNP Paribas India has posted profit after tax of Rs 14.76 crore for the year ended March 2005, compared with a net loss of Rs 13.07 crore for the year ended March 2004. Net income increased 11.6 per cent to Rs 243.83 crore (Rs 218.46 crore). ... More

EVENTS

LIC Insurance Week begins
KOCHI: Life Insurance Corporation of India's will organise customer meets and social activities, such as providing water tank for schools in remote areas and wheel chairs for poor handicapped children, during its Insurance Week ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line