Financial Daily from THE HINDU group of publications
Friday, February 03, 2006
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Financial Daily from THE HINDU group of publications Friday, February 03, 2006 |
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MONEY & BANKING PREFERENTIAL ALLOTMENTS Newbridge completes infusion of $100 m in Shriram Holdings NEWBRIDGE Capital has picked up 49 per cent stake in Shriram Holdings (Madras) Pvt Ltd, (SHMPL) the holding company for Shriram group's truck finance companies, for $100 million, as announced in September last. SHMPL has subscribed to ... More INSIGHT 
Monetary Policy Review — Mistaken assumption of real prosperityThe RBI's Third Quarter Monetary Policy Review for 2005-06 is of little consequence, the marginal hikes in repo rates, notwithstanding. The indirect attempt at changing rates, the classic market style intervention mode, undertaken out of necessity ra ther than choice, appear half-hearted. If inflation really rears its head, it is the way in which the RBI controls prices without smothering growth that will test its maturity as a catalyst for growth, says Ashok Upadhyay. More FOREX Rupee weakens; bond prices fall THE rupee closed a tad lower against the greenback on Thursday in tandem with the weakening of the yen and on the back of demand for dollars. The domestic currency opened at 44.27/28, lower than Wednesday's close at 44.21. It touched an ... More FINANCIAL PERFORMANCE Srei Infrastructure PBT rises 35% INFRASTRUCTURE equipment, infrastructure projects and renewable energy financial institution, Srei Infrastructure Finance Ltd, has posted a 35-per cent growth in profit before tax during the third quarter of fiscal 2005-06. The profit before ... More HOUSING FINANCE LIC Housing Fin hikes lending rate LIC Housing Finance has hiked its lending rate by 50 basis points. The minimum new lending rate will be 8.25 per cent. Around 90 per cent of the company's portfolio is in the floating interest rate. In the calendar year of 2005, it raised the ... More LIFE INSURANCE AMP Sanmar Life is now Reliance Life CONSEQUENT to the acquisition by Reliance Capital Ltdof the entire equity capital of AMP of Australia and Sanmar Group in AMP Sanmar Life Insurance Co Ltd , the Insurance Regulatory and Development Authority (IRDA) has taken note of the change of ... More
Birla Sun Life hikes capital by Rs 40 cr INTEREST RATES 
Union Bank not to hike rates for now, says CMD — Follow-on public issue to open on Feb 15UNION Bank of India is in no hurry to increase interest rates, said Mr Cherian Varghese, Chairman and Managing Director. "We will watch the liquidity in the market and what others are doing. Interest rates depend on competition and liquidity," he ... More
Karnataka Bank hikes FCNR (B), NRE deposit rates CREDIT MARKET So, what's your credit score? In the US, for example, where credit scores range from 300 to 850, a person who has a score of anything above 750 is likely to get loans at a rate that is about 1.5 percentage points lower than somebody with a score of about 600. More SECURITISATION Final norms on securitisation — Arm's length ties with buyers of assets, says RBI BANKS selling assets under securitisation schemes should keep an arm's length relation with the buyers of those assets, normally a special purpose vehicle (SPV), the Reserve Bank of India has stipulated. The final guidelines on securitisation ... More INTERVIEW `Demand for fee-based financial planning to rise' `Commission-based models have been in vogue for a long time here and people are not really accustomed to any other mechanism. The user community should realise it would pay to work with competent, ethical financial planners.' More PEOPLE New ED for Central Bank MUMBAI: Mr K. Subbaraman has been appointed as Executive Director of Central Bank of India.Prior to this he was with Bank of India, as General Manager, corporate plan and strategy, a press release issued by Central Bank of India said. In ... 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. 22-Jan. 28 Bond traders wait for monetary policy review for direction Deposits exempt from TDS on interest — CBDT plans change in banks' reporting details Expect status quo in credit policy review `India among fastest growing markets for Visa' India Infoline plans foray into investment banking Forex reserves down $66 m Pref. shares may change banking landscape |
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