The Hindu Business Line : Thursday, February 02, 2006

DCB plans private placement, IPO to raise Rs 350 cr
DEVELOPMENT Credit Bank Ltd plans to tap the capital market with a private placement and an initial public offer (IPO) for raising funds to the tune of Rs 350 crore. These equity issues are aimed at strengthening the bank's capital adequacy ratio ... More

FINANCIAL SERVICES

BoM ties up with Western Union
Bank of Maharashtra has tied up with Western Union to offer inbound money transfer services. Through this agreement ,Western Union Money Transfer Services would be available at 450 branches of Bank of Maharashtra in the first phase. ... More

FOREX

Rupee slumps; bonds edge up
MUMBAI: The rupee slumped against the greenback on Wednesday on the back of oil-related demand for dollars and a fall in the domestic stock market. The home currency opened at 44.09/10 and fell during the day to close at 44.21, down from ... More

FINANCIAL PERFORMANCE

It's a mixed show by PSBs in Q3
PUBLIC sector banks have once again come up with a mixed bag in their third quarter results. Some have posted spectacular growth in profits, trebling and quadrupling the same. Banks who did very well in this quarter were Union Bank, Bank of ... More

NBFCS

Shrachi Infra plans to raise Rs 15 cr
SHRACHI Infrastructure Finance plans to raise about Rs 15 crore to support its proposed expansion programme. The company, called Shrachi Securities till recently, has a capital base of Rs 9.5 crore. The company is yet to decide on the ... More

HOUSING FINANCE

Banks, housing finance cos hike lending rates
HDFC has raised interest rates on its home loans across all segments by 0.5 percentage points with effect from February 1. IDBI Ltd has raised retail lending rates by 0.25 percentage points, while SBI will decide on the rate hike in a week. LIC ... More

GENERAL INSURANCE

Govt may hike capital base of non-life insurers to Rs 250 cr
AS part of the restructuring of public sector non-life insurance companies, the Government is likely to raise the paid-up equity capital of each of them to Rs 250 crore. High-level sources said that the increase in capital was expected to be ... More

CREDIT RATING

Moody's assigns high credit rating to ONGC
MOODY'S, the globally recognised credit rating agency, has assigned high credit rating to ONGC. According to a company statement, this is the highest ever credit rating to an Indian corporate. Outlook for ONGC's credit rating - Baa1 for ... More

PUBLIC SECTOR BANKS

PNB disburses retail loans at Malappuram
KOCHI: Punjab National Bank has disbursed retail loans amounting to Rs 323 lakh to 109 beneficiaries at the retail credit camp conducted at Malappuram on Wednesday. Mr B.K. Jayaprakasham, Regional Manager, Kozhikode, said these type of ... More

INTEREST RATES

Banks hike term deposit rates
BANGALORE: Canara Bank has raised interest rates on term deposits by up to 0.5 per cent. A bank release said here that the 7-14 day deposits were now 4 per cent up from 3.5 per cent. The rate increases were mostly on short-term and ... More

SHORT TERM INSTRUMENTS

T-bill auctions fully subscribed
THE auctions of the 91-day and 364-day Treasury bills were fully subscribed, according to a press release from the Reserve Bank of India. The notified amount for the 91-day T-bill was Rs 500 crore. The RBI received 47 competitive bids amounting ... More

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Seed spices production up on favourable weather conditions

Drop in global piracy attacks: IMB

Govt may hike capital base of non-life insurers to Rs 250 cr

As global majors strengthen presence — Indian cement industry logs highest growth in output

Gem & jewellery exports surge to $17 b in 2005

TNT to invest 100 m euro in India — Rolls out domestic services

Ten Sports to hike ad rates for ODIs by 30 pc on DD feeds

UB reports higher Q3 net, income on volume growth

ONGC likely to get valuation report on SPIC Petro soon

In Focus

Infrastructure woes stare IT sector