The Hindu Business Line : Friday, May 26, 2006

FOREX
Rupee slide continues
The rupee continued its downward slide on Thursday, on fears of another fall in the equity market due to FII selling. Other Asian currencies losing against the US dollar also helped the downturn. The rupee opened at 45.90/92 and ... More

FINANCIAL PERFORMANCE
KVB net up; to pay 20 pc special dividend
Interest income from advances rise More

Karnataka Bank Q4 net jumps 26.7 pc
To pay 30 per cent dividend More

LIFE INSURANCE
NGO to provide insurance cover to mahouts
Elephant Care, a non-profit voluntary society for protection of domesticated elephants by providing a dignified environment to these pachyderms, would provide a free life insurance cover up to Rs 1 lakh to mahouts. The EC has decided to extend ... More

GENERAL INSURANCE
Clean chit to 3 insurance cos in basmati MRTPC case
The Monopolies and Restrictive Trade Practices Commission (MRTPC) has given a clean chit to three insurance companies, New India Assurance Co, United India Insurance Co and National Insurance Co. A Punjab-based rice exporter had filed a ... More

HUMAN RESOURCES
IRDA chief for quality insurance education
Observing that the domestic insurance industry is currently facing a serious dearth of insurance professionals, the Insurance Regulatory and Development Authority (IRDA) Chairman, Mr C.S. Rao, has stressed on the need to promote insurance ... More

PRIVATE BANKS
UTI Bank plans to raise Rs 2,500-cr capital this year
Ties up with Geojit More

PUBLIC SECTOR BANKS
Dividend time
AFTER 14 YEARS: The Chairman and Managing Director of United Bank of India, Mr P.K.Gupta, and the Executive Director, Ms Sunanda Lahiri, handing over the dividend cheque for Rs 45.97 crore to the Union Finance Minister, Mr P. Chidambaram. UBI has ... More

GOVT BONDS
Bonds weaken
The bond prices were slightly lower as there was huge amount of selling pressure. The negative factors included fears of a rise in fuel prices in India and the overall bearishness in June when the US Federal Reserve goes in for a ... More

CREDIT MARKET
Separate credit plan for SMEs in AP chalked out
Rs 5,717 cr allocated for SSI sector More

SHORT TERM INSTRUMENTS
Call rates remain steady
Call rates were steady at 5.5-5.6 (5.5-5.6 per cent). In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 28 bids amounting to Rs 30,435 crore and in the second auction, 43 bids ... More

TRADE & LABOUR UNIONS
Call for one-day strike today
Demanding the implementation of the proposals agreed upon by the Commissioner for Co-operation and the Registrar of Co-operative Societies in February last year, the Andhra Pradesh Co-operative Central Banks Employees ... More

BONUS ANNOUNCEMENTS
KVB announces 1:1 bonus, 1:2 rights
Karur Vysya Bank has announced a bonus and rights issue of shares. The bank's board, while deciding on a 1:1 bonus has proposed rights in 1:2 ratio (including the bonus share) as on the record date, yet to be fixed. The board, at a meeting ... More

Cross Currency Rates