The Hindu Business Line : Friday, June 24, 2005

Rupee unchanged; bond prices fall
MUMBAI: The rupee was nearly unchanged on Thursday against the dollar as expectations of inflows did not materialise. The rupee opened higher at 43.50/51 up from Wednesday's closing of 43.54/55. Wednesday had seen an inflow of $337 ... More

HOUSING FINANCE

IOB(Vizag) to conduct home loan melas
THE Indian Overseas Bank (IOB), Visakhapatnam region, as part of a drive to disburse home loans, is to conduct home loan "melas'' on June 25 and 26 at nine centres in five coastal districts, according to Mr M.N. Krishnan, Chief Regional ... More

LIFE INSURANCE

Birla Sun Life's new unit-linked plan introduced
BIRLA Sun Life Insurance (BSLI) has launched a new unit-linked plan called `Classic Life Premier plan'. The 'Classic Life Premier' plan is available in two variants for maturity age `75 years' and maturity age `100years'. The customer will ... More

GENERAL INSURANCE

Windshield in pact with Cholamandalam MS
WINDSHIELD Experts, a leading car glass repair and replacement company, has tied up with Cholamandalam MS General Insurance, a financial services company, to mange all automotive glass claims for them. With this national tie-up, Windshield ... More

FINANCIAL POLICY

CEA office preparing Govt's brief on financial sector reforms
THE office of the Chief Economic Advisor (CEA) in the Ministry of Finance has become the latest epicentre for pushing the next phase of financial sector reforms. The CEA, Dr Ashok Lahiri, and his staff are busy preparing a comprehensive ... More

RBI & OTHER CENTRAL BANKS

3 banks get RBI nod for China foray
FIRST it was the turn of Indian corporates to set up representative offices and manufacturing units in China. Now it is the turn of Indian banks to set up offices in the dragon land. Three Indian banks have recently received approval from ... More

PUBLIC SECTOR BANKS

Syndicate Bank education loans in Mangalore
MANGALORE: Twenty-six branches of Syndicate Bank in Mangalore taluk will jointly organise the `Synd Vidya' education loan awareness camp at SDM Law College auditorium in Mangalore on June 26. More details may be had from the Mangalore ... More

GOVT BONDS

Govt stock auction `fully subscribed'
THE 7.49 per cent 2017 Government stock auction for Rs 5,000 crore was fully subscribed, according to a release from the Reserve Bank of India. RBI got 336 competitive bids amounting to Rs 11,323 crore. Of this, 156 bids were accepted, ... More

CREDIT MARKET

Warehousing Corpn Act may be amended
WAREHOUSING corporations may soon be able to borrow money on competitive terms from a larger base of sources of funds. The Union Cabinet has approved a proposal to introduce a Bill in Parliament that would seek to permit warehousing ... More

MERGERS & ACQUISITIONS

MetLife India keen on buying AMP Sanmar
"We are interested in growth whether it is through acquisition or through organic means." More

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