Financial Daily from THE HINDU group of publications
Thursday, January 09, 2003
| Forex Rates Jan. 07 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Thursday, January 09, 2003 |
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MONEY & BANKING FOREX S&P retains `junk' status for local currency rating INTERNATIONAL rating agency Standard and Poor's today retained India's local currency ratings, which it had downgraded last September to junk status. The agency said the rating remains constrained by high public debt and serious fiscal ... More
Rupee stable; gilts weak
Current account deal limit raised HOUSING FINANCE 
Dewan Housing in talks to raise tier II capitalDEWAN Housing Finance Corp Ltd (DHFL), which agreed "in principle" to buy 85.91 per cent equity stake in Vysya Bank Housing Finance Ltd for Rs 23.19 crore, is in talks with international agencies for Rs 50 -Rs 75 crore debt, the Managing ... More RBI & OTHER CENTRAL BANKS RBI for 33 pc Govt holding in PSU banks THE Reserve Bank of India is of the view that the Government should immediately bring down its shareholding to 33 per cent in nationalised banks to enable them to raise fresh capital from the market. According to Mr G.P. Muniappan, Deputy ... More PUBLIC SECTOR BANKS Andhra Bank to invest Rs 10 cr in biotech fund ENABLING the Andhra Pradesh Government to finish the first closing of the proposed Rs 100-crore biotechnology venture fund, Andhra Bank, the Hyderabad-based public sector bank, has committed to invest Rs 10 crore in the venture fund to be managed ... More
Syndicate Bank to sell AIEEE forms INTEREST RATES PNB lowers rates for term deposits PUNJAB National Bank (PNB) has decided to revise downwards its domestic term deposit rates for certain terms on fresh deposits and renewal of existing deposits with effect from January 10. The new rate for deposits of 15-29 days and 30-45 days ... More CORPORATE BONDS 6.10 pc coupon rate for Raymond issue MUMBAI: Raymond Ltd has informed that it has achieved the lowest-ever annualised coupon rate for five-year debentures (put/call option at the end of third year) by a manufacturing company during a recent private placement of secured ... More NON-PERFORMING ASSETS Kochi DRT hit by staff shortage WHILE there are more than 1,000 recovery certificates pending for execution before the Debt Recovery Tribunal (DRT) in Kochi, there is effectively just one recovery officer who has to undertake the recovery of the decreed debts of banks and ... More
IDBI, IFCI can attach Mantralaya offices REGULATORY BODIES & RULINGS IRDA for more tax sops to encourage savings Senior IRDA officials told Business Line that the tax structure proposed by the insurance regulator stressed on incorporating significant tax incentives to encourage savings. More TRENDS Deposit your cash... and be charged for it BANKS, you would have thought, welcome cash. That's their business, after all. But they seem to think that there is too much of it floating around. They want to charge you, if you deposit cash in your current account. Being charged for remitting ... More
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Top Stories In Focus Inside China Stock scam unravelling Petrol pump controversy Kelkar Report Reliance & Telecom Competition 2002: A drought year Gold: Still the winner? Oil PSUs: Disinvestment dilemma In Depth Gender Justice Simple Economics India Interior Consumer Notes Looking back Dec. 29-Jan. 4 Mediclaim premiums to be hiked 6 pc Are banks jettisoning the basics? Wilful defaulters face penal charges on dues Using the long arm of the law |
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