The Hindu Business Line : Friday, February 17, 2006

`New Pension plan offers flexibility'
THE New Pension Scheme (NPS) under the Pension Fund Regulatory and Development Authority (PFRDA) Bill 2005 addresses the concerns of the subscribers by offering a credible choice of funds and fund managers the option of switching between ... More

FOREX

Indian cos raise $10 b via ECB route in 9 months
INDIAN companies raised nearly $10 billion (or about Rs 45,000 crore) through external commercial borrowings (ECB) in the first nine months of the current fiscal, according to data provided by the Reserve Bank of India. This was just a shade ... More

Rupee lower against dollar, bond prices gain
MUMBAI: The rupee lost against the US dollar on Thursday following the statement by the US Federal Reserve chairman, Mr Ben Bernanke, that US interest rates may rise again. The rupee opened at 44.31/32 and moved in the range of 44.27/28 ... More

CONSUMER FINANCE

Toyota to foray into auto finance by next year
TOYOTA Financial Services is planning to enter the Indian automobile finance market by 2007. According to Mr Shaun J. Coyne, Vice-President and Chief Information Officer, Toyota Financial Services, India was an emerging market with a lot of ... More

PRIVATE BANKS

Local credit
Karur has for long been identified as a region of economic promise thanks to its abundant natural resources and industrial base. The late Venkatarama Chettiar and Athi Krishna Chettiar — founders of Karur Vysya Bank, or V.S.N. Ramalinga ... More

SIB fixes cut-off price at Rs 66
THE Rs 150-crore South Indian Bank follow-on public issue, which closed on Wednesday, was oversubscribed more than seven times. Based on the final order book position, the oversubscription levels and the recommendations of the book-running ... More

PUBLIC SECTOR BANKS

Budget wish-list: PSBs seek higher FII investment limit
BANKERS have asked for higher FII investment limit in public sector banks. At present foreign institutional investors can hold only up to 20 per cent stake in state-run banks. In banks such as Bank of Baroda and Punjab National Bank, the FII ... More

SBT staff to stage sit-in
THIRUVANANTHAPURAM: The State Bank of Travancore (SBT) Staff Union, affiliated to the Bank Employees Federation of India (BEFI), is staging a sit-in in front of the bank's head office here on Friday to press various demands. Leader of ... More

Dena Bank targets Rs 1-lakh crore biz by 2010
DENA Bank is targeting a business of Rs 1 lakh crore by 2010. The bank announced this as part of its medium term vision document for 2007-2010. As part of the strategy to achieve this target, the bank will focus on the retail and small and ... More

CREDIT CARDS & DEBIT CARDS

SpiceJet plans pact with SBI for co-branded credit card
IN an effort to further enhance sales of air tickets, SpiceJet will enter into a co-branding agreement with SBI for credit cards. "The agreement is almost ready and is being vetted by the lawyers. We hope to announce the agreement in March. It ... More

ALLIANCES & JOINT VENTURES

BoB, IDFC tie up to finance infrastructure projects
BANK of Baroda has tied up with the Infrastructure Development Finance Company (IDFC) for providing finance and other related products and services to infrastructure projects. The two institutions signed a memorandum of understanding to this ... More

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Pick a Winner Stock Market Contest

Coal India likely to report Rs 6,000-cr net profit

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Rs 50,000 crore investments likely from Gulf countries

Ircon plans to enter real estate, hydel sector

Indian cos raise $10 b via ECB route in 9 months

K.K. Birla Group makes changes in sugar biz restructure model

Jute industry concerned over rising imports

Ranbaxy was not for `any' price for Betapharm: CEO

In Focus

Infrastructure woes stare IT sector