The Hindu Business Line : Wednesday, March 16, 2005

Rupee declines; securities weak
MUMBAI: The rupee ended at 43.5850 against the dollar on Tuesday, a shade lower than Monday's close of 43.56, as banks squared up positions, dealers said. The rupee opened at 43.57/58. It touched 43.5450 levels during intra-day trade ... More

Buffett bets big against dollar
His mentors, he says, were his own father and Mr Benjamin Graham, of "value investing" fame. Mr Buffett's philosophy, approach and stock picking have catapulted him to second position, next only to Mr Bill Gates, among the world's richest ... More

INSURANCE

IRDA chief urges industry to build credible database
STATING that detariffing of the general insurance industry should take place in phases, the Insurance Regulatory and Development Authority (IRDA) has preferred to complete the exercise by minimising the damage and disruption to the industry and ... More

HOUSING FINANCE

Sundaram Home expects disbursements to rise 15%
SUNDARAM Home Finance Ltd expects its disbursements in 2004-05 to touch Rs 425 crore, compared with Rs 370 crore last year. With this, the company's outstanding loan portfolio could pierce the Rs 825-crore mark, from Rs 618 crore at the end of ... More

LIFE INSURANCE

Fringe benefit tax may hit group superannuation schemes
The question of why employers should bear the additional burden, especially when superannuation is not compulsory, is echoing throughout the insurance sector. More

Aviva unveils two unit-linked fund options
AVIVA has introduced two new unit-linked fund options — Secure and Growth — in its existing LifeLong, PensionPlus, LifeSaver, YoungAchiever and EasyLife Plus fund options. This is in addition to Unit-linked Balanced Fund ... More

GENERAL INSURANCE

ICICI Lombard offers weather cover to GHCL
ICICI Lombard General Insurance has offered a weather insurance cover to Gujarat Heavy Chemicals Ltd (GHCL) against the loss of salt output due to unseasonal rainfall at its salt production fields in Nagapattinam, Tamil Nadu. According to the ... More

PUBLIC OFFER

Allahabad Bank chief upbeat on second public offering
THE Chairman and Managing Director of Allahabad Bank, Mr O.N. Singh, is upbeat on the forthcoming issue of the bank's equity shares expected to hit the market in mid-April. "The market is buoyant and the size of the issue is small, the face ... More

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