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Sunday, July 03, 2005
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MONEY & BANKING

FOREX


Forex reserves fall $676 m
THE country's foreign exchange reserves fell $676 million to touch $138.890 billion, for the week ended June 24, according to the Reserve Bank of India's Weekly Statistical Supplement. In the previous week, forex reserves had risen by over $1 ... More

STOCKS


Shriram Transport and Shriram Investments: Buy
AN investment in the stocks of Shriram Investments and Shriram Transport can be considered. Both these stocks are attractively valued considering their earnings growth record and growth potential. These stocks offer a dividend yield of 4 per ... More

FINANCIAL PERFORMANCE


TCIL net up at Rs 10.55 cr
TRANSPORT Corporation of India Ltd (TCIL) has registered a profit after tax of Rs 10.55 crore for the 2004-05 fiscal, compared to Rs 7.53 crore in the previous fiscal, according to a company release. The net sales during 2004-2005 were Rs ... More

LIFE INSURANCE


Superannuation: Insurers seek changes in FBT
THE insurance industry will not let go of the much-debated issue of fringe benefit tax (FBT) without a fight. Spearheaded by the Life Insurance Council and the Life Insurance Corporation of India (LIC), the movement to have FBT on group ... More

An Young Star plan
The policy can be surrendered any time during its term and the fund value adjusted form surrender charges would be paid to the policyholder. More

PRIVATE BANKS


KVB to focus on retail financing
KARUR Vysya Bank, which has automated its banking by adopting core banking solution and has expanded its ATM network, hopes to increase its deposit base to Rs 8,000 crore during the current fiscal from the previous year's Rs 6,600 crore. The ... More

CREDIT MARKET


Banks asked to adopt policy for risk exposure to real estate sector
In order to sensitise banks about the risks arising out of exposure to the real estate sector, the Reserve Bank of India has asked banks to put in place a risk management system for managing their real estate portfolios. In a press release, RBI ... More

SHORT TERM INSTRUMENTS


RBI to raise Rs 2,500 cr under T-Bill auction
THE RBI proposes to raise Rs 2,500 crore under the market stabilisation scheme (MSS) auction and Rs 1,500 crore through the regular auction. The central bank will auction 91-day and 364 Government of India Treasury bills for a notified amount ... More

IPOS


IL&FS Investsmart: Invest at Rs 125
INVESTMENTS in the initial public offering of IL&FS Investsmart at Rs 125 can be considered. The potential for growth in the financial services business is bright and an entrenched player such as IL&FS Investsmart More


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Top Stories
Banks asked to adopt policy for risk exposure to real estate sector


June rainfall deficit estimated at 15 pc

India, US to explore tie-ups in earth observation, space communication

Table Employment Guarantee Bill in monsoon session: Left

Fitness equipment sector in fighting fit shape

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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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jun. 26-Jul. 2
NCR to run cheque truncation pilot project

Plan to hike two-wheeler third party insurance premiums shelved

Bank of Punjab, Centurion merger ratio fixed at 4:9 — New entity to be called Centurion Bank of Punjab

Current account surplus in Q4 — Trade deficit for the year at record $38 b

Govt working on special credit plan for SMEs


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