Financial Daily from THE HINDU group of publications
Sunday, May 08, 2005
Financial Daily from THE HINDU group of publications Sunday, May 08, 2005 |
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MONEY & BANKING FOREX Forex reserves fall $648 m on euro revaluation THE country's foreign exchange reserves for the week ended April 29 fell by $648 million due to the revaluation of euro in the central bank's currency basket, after a substantial gain in the earlier week. According to the Weekly Statistical ... More FINANCIAL PERFORMANCE High provisions, depreciation in investment value — Canara Bank Q4 net falls 74 pc THE net profits of Canara Bank have dropped by 74 per cent in the fourth quarter of fiscal 2004-05, led by sharp increase in provisions and depreciation in the value of investments. Profits during Q4 of the last financial year were Rs 102.30 ... More
Bajaj Allianz net up 117 pc at Rs 47 cr NBFCS Ministry plans panel to curb defaults by Nidhis, MBS THE Ministry of Company Affairs is planning to set up an expert group to examine any lacunae in the existing norms governing the Nidhi companies or Mutual Benefit Societies (MBS) and to suggest measures to curb instances of default by such ... More LIFE INSURANCE ICICI Pru InvestShield Life IT all started off with the launch of unit-linked insurance plans that attracted a horde of investors who sought returns linked to the market. Such plans have since evolved and variants of these plans are gradually emerging. Plans that ... More GENERAL INSURANCE Fire tariff circular challenged ALEGION Insurance Services Ltd, a Chennai-based insurance broking firm, has filed a writ petition against the Tariff Advisory Committee, challenging the `fire tariff circular' issued by the committee recently on the grounds that the "fixation of ... More RBI & OTHER CENTRAL BANKS RBI working out modalities for setting up BCSB THE Reserve Bank of India said it was working out detailed modalities for setting up of the Banking Codes and Standards Board of India (BCSB). The S.S Tarapore Committee on Procedure and Performance Audit on Public Services had recommended ... More
ADB raises target for loans to India SHORT TERM INSTRUMENTS RBI to raise Rs 2,500 cr under MSS THE Reserve Bank of India proposes to raise Rs 2,500 crore through the auction of 364-day and 91-day Government of India treasury bills under the market stabilisation scheme. Of this, Rs 1,500 crore will be through 91-day T-bills, while Rs ... More MERGERS & ACQUISITIONS 
Business growth inorganic wayNBFCs fit into our scheme: IndusInd THE private sector IndusInd Bank Ltd has set its focus on acquiring non-banking finance companies for propelling its inorganic growth. The Managing Director of InduInd Bank, Mr Bhaskar Ghose, told Business Line that, "It is the NBFCs ... More TRENDS `Doorstep banking needs proper risk tool' BY allowing banks to go to people's doors to collect money, Reserve Bank of India has made life easier for many banks. Several foreign banks and new generation private banks are offering doorstep banking, including cash collection, despite ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment China's revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
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Looking back May. 1-May. 7 Forex reserves increase by $1 billion Bearish trend in bonds to continue LIC to focus on equities, may scale up exposure SBI joins race to tap mid-corporates HDFC net jumps 16.7 pc in Q4; to pay Rs 17/share IGF seeks probe into alleged price rigging in 3 banks |
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