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FIIs eyeing MF route to gain more exposure — Bid to get around sectoral limits
FOREIGN institutional investors (FIIs) are sniffing around Indian mutual funds to see if they can be used as channels for investing in the Indian market. The primary motivation spurring this interest is that this would be a valid channel to ...
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Re slides to 44.53 on global market blips
IN what may have come as a temporary respite to exporters, uncertainties in the global financial markets along with apprehensions over the domestic political scenario have caused the rupee to close sharply weaker at 44.53 against the ...
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ICICI Bank net jumps 35 pc in Q4
LOWER cost of funds and robust fee income have enabled ICICI Bank to post a 35 per cent jump in net profit at Rs 455 crore for the fourth quarter of 2003-04, up from Rs 338 crore in the corresponding period of the previous year. The bank has ...
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Urban coop bank directors nudge Finance Ministry to lift loan ban
IT may seem ironic that at a time when most banks are chasing potential customers with attractive loan offers, a section of senior bank functionaries is desperately pleading for freedom to access loans from their own banks. The aggrieved ...
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What's in a name? Lots, says SEBI
THE Securities and Exchange Board of India on Friday further tightened the norms for changing names of companies. The market regulator in a notice to stock exchanges said corporates will be allowed to change their name only after a gap of one ...
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Olympics is just not cricket for Indians!
GRANTED that 2004 is the centenary year of the Olympics. And it is returning to Greece, the historic country where it all began 100 years ago. Despite this, the Indian traveller is not much enthused. After all, it's not cricket. Although the ...
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