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Friday, January 23, 2009
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FINANCIAL PERFORMANCE: Bank of India net rises 70% on higher income
Credit growth in retail segment flat. Mumbai, Jan. 22 Bank of India recorded a 70-per cent growth in net profit at Rs 872 crore, for the quarter ended December 31, 2008, against Rs 512 crore in the corresponding quarter last year. The growth ...

PUBLIC SECTOR BANKS: UCO Bank to lend Rs 5,000 cr for infrastructure projects
Inks MoU with India Infrastructure Finance to pool resources, expertise. New Delhi, Jan. 22 UCO Bank aims to disburse Rs 5,000 crore in fiscal 2009-10 under its infrastructure financing activities. The bank had targeted infrastructure financing ...

FINANCIAL PERFORMANCE: Kotak Mahindra Bank net declines 30% on fall in income
Mumbai, Jan. 22 Kotak Mahindra Bank posted a lower net profit of Rs 71 crore for the third quarter of 2008-09, compared with Rs 101 crore in the corresponding quarter last year. The 30 per cent fall in net profit was due to a fall in ...

CREDIT RATING: Citifinancial Consumer Finance ratings put on ‘watch’
Mumbai, Jan. 22 Crisil has placed its ratings on the debt instruments of Citifinancial Consumer Finance India Ltd on ‘rating watch with negative ...

GENERAL INSURANCE: Satyam renews staff health insurance
Hyderabad, Jan. 22 There is a big relief for thousands of employees of the scam-hit Satyam Computer Services across the country on the health ...

GENERAL INSURANCE: Health claims: Non-life insurers plan third party administrator
Mumbai, Jan. 22 The four public sector non-life insurers – New India Assurance, Oriental Insurance, United India Insurance, and National Insurance – are mulling floating a third party administrator (TPA) company to take advantage ...

FOREX: IIFCL-UK to make first disbursement of dollar funding
New Delhi, Jan. 22 The London-based subsidiary of India Infrastructure Finance Company Ltd (IIFCL) will soon make its first disbursement of dollar financing to enable a local Indian company import capital goods for its infrastructure project ...






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Markets (Jan 22)
Nifty (at close)2,713.80 (+7.65)
US Dollar (Buy/Sell)49.15/16
Brent crude (a bbl) Rs2,181
Gold (a gram) Rs1,247
Silver (a kg) Rs19,405

Cross Currency Rates

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In Focus
Who is hiring?

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Other Top Stories
Damodaran questions quarterly result practice

Titan enters multi-brand watch retailing with Helios

United Spirits plummets 23% after weak Q3 nos

Govt close to inking 10 lakh t DAP import deal

Inflation pronounced in South India

Satyam board finalises arrangements for Jan salary for staff

SFIO also to examine Satyam’s headcount inflation angle

Idea Q3 net dips 7%

Looking back
Jan. 11-Jan. 17
Rising oil prices bring bond rally to a halt

GIC favours portability of policies below Rs 1 lakh

Questions over health cover renewal

RBI gets data on Satyam exposure

Smartbuy



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