Financial Daily from THE HINDU group of publications
Tuesday, January 10, 2006
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Financial Daily from THE HINDU group of publications Tuesday, January 10, 2006 |
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MONEY & BANKING INVESTMENT BANKING 
`Indian papers in good demand'CALYON Corporate & Investment Bank topped the charts of mandated arrangers and book-runners in the Indian syndicated loans market for 2005. The bank arranged 31 of the 65 offshore fund raisings in 2005. It helped raise $986 million of the $8 ... More FINANCIAL SERVICES Remit2India launches NRI services REMIT2INDIA, part of TimesofMoney.com of the Times Group, has unveiled NRI services here on Monday, coinciding with the concluding ceremony of Pravasi Bharatiya Divas-2006. The Deputy Secretary in Union Ministry of Overseas Indian Affairs, Mr ... More INSIGHT 
Mutual banking — An emerging tool in retail bankingFEE-BASED income through hybrid product and service offerings has already emerged as a profitable business model in the retail bankscape, and mutual fund (MF) distribution has become a fashion statement among all banks. With the projected growth ... More FOREX 
Rupee moves up to 3-month highTHE rupee surged against the dollar moving to a three-month high, tracking the global movement of other major currencies. The domestic currency opened higher by 25 paise at 44.31/33 from Friday's close of 44.5760. It touched an intra-day high ... More
Rupee sharply up; gilts tad firmer FINANCIAL PERFORMANCE 
YES Bank registers Rs 14.5-cr net in Q3YES Bank has reported a net profit of Rs 14.5 crore for the third quarter ended December 31, 2005, on account of an increase in advances and non-interest income. The bank registered a loss of Rs 33 lakh in the year-ago period. Total income ... More LIFE INSURANCE LIC order for TVS Electronics CHENNAI: TVS Electronics, the Chennai-based computer peripherals manufacturer, has bagged a Rs 11.6-crore order from Life Insurance Corporation of India (LIC). The order involves supply and installation of 14,000 units of TVS dot matrix ... More PRIVATE BANKS 
ICICI Bank ropes in Shah Rukh KhanICICI Bank has once again decided to resort to the celebrity endorsement route to promote its brand. Almost two-and-a-half years since superstar Amitabh Bachchan endorsed the brand, the company has signed up Shah Rukh Khan as its global ... More PUBLIC SECTOR BANKS New shareholder directors for PNB NEW DELHI: The shareholders of Punjab National Bank have elected three directors from amongst themselves. The new directors are Dr Harsh Mahajan, Mr Mohanjit Singh and Mr Prakash Agarwal. The new directors would hold office for a period ... More FOREIGN BANKS Citigroup arm sheds VisualSoft stake HYDERABAD: Citibank N.A. has informed the National Stock Exchange that Citigroup Global Markets (Mauritius) Pvt Ltd has sold 200,000 shares aggregating to 1 per cent of the total share capital of Visualsoft Technologies Ltd on January 4, ... More GOVT BONDS G-Sec auction fully subscribed THE auctions of 8.39 per cent 2011 Government stock for Rs 6,000 crore and the 7.4 per cent 2035 G-Sec for Rs 4,000 crore were fully subscribed. According to dealers, the cut-off price for the 8.39 G-sec was 10 paise lower than expected, while ... More FIXED DEPOSITS LVB hikes rates on term, FCNR, NRE deposits LAKSHMI Vilas Bank has hiked the rate on domestic term deposit, FCNR (B) term deposit and NRE tern deposit from January 2. The domestic term deposit rate has been hiked from 7 per cent to 7.25 per cent for tenure of one to 3 years and from 6.50 ... More MERGERS & ACQUISITIONS 
RBI readies draft scheme for Federal, Ganesh Bank mergerTHE Kerala-based Federal Bank has made an offer to take over Ganesh Bank of Kurundwad Ltd, which was placed under a moratorium by the RBI on Saturday. Based on the Federal Bank's offer, the RBI has prepared a draft scheme of amalgamation and ... More
An organised bailout INTERVIEW 
Ganesh Bank will help us expand reach: VenugopalanGanesh Bank of Kurundwad, Maharashtra, has gross NPAs of 18 per cent and net NPAs of 8.3 per cent. Excerpts from CNBC-TV18's exclusive interview with the Federal Bank Chairman, Mr M. Venugopalan: Are you interested in Ganesh Bank? ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Surging Sensex Gold scaling new highs
In Depth Gender Justice Simple Economics Tax Talk
Looking back Jan. 1-Jan. 7 Forex down $5 b in April-September on valuation loss IMD redemption pressures liquidity A `disastrous' year for insurers `Mega insurance policies is the trend in energy sector' Wage hike unlikely to hit bottomline of PSU insurers — Second round of VRS for insurance staff on anvil IFC keen to invest in insurance sector Three banks plan public issue |
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