The Hindu Business Line : Saturday, February 26, 2005

Call for strategy to strengthen bond market
A BROAD policy framework should be outlined to revitalise the bond market and enable it to replicate the success of the equity market, according to the Economic Survey. "A strategy has to be chalked out for the development of the bond market. ... More

`Strong pick-up in non-food credit to continue'
The document has also hinted that there is further scope for reduction of lending rates of banks. The widening interest spreads "establishes that banks have not fully passed on the benefit of falling interest rates to their customers." More

FOREX

Rupee weakens; gilts lacklustre
MUMBAI: The rupee closed around five paise lower on Friday, at Rs 43.72/73 against the greenback, driven down by a strong bout of dollar buying in the market by state-run banks. After opening at Rs 43.71/73, the rupee got dealt to a high ... More

SOFTWARE

Datacraft to offer `Insite' service to private insurer
DATACRAFT, an IT services company, has been selected to design and deploy an enterprise wide area network, which will connect 44 branch offices of one of the country's largest private insurance companies to its Bangalore headquarters. Under the ... More

LIFE INSURANCE

Shriram group in talks for insurance partner
The takeover of TTK Insurance Services by the Shriram group has been completed. TTK Insurance has been renamed Bharat Re. More

GENERAL INSURANCE

National Insurance counter

PRIVATE BANKS

IndusInd Bank retail credit set to reach 60 pc
WITH a surge in retail credit to finance the purchase of trucks, three and two-wheelers, IndusInd Bank is poised to take retail credit to 60 per cent of its total credit portfolio. Addressing a press conference here, Mr Bhaskar Ghose, Managing ... More

PUBLIC SECTOR BANKS

Vijaya Bank to pay 15 pc interim

FINANCIAL INSTITUTIONS

SPEL Semiconductor settles dues with IFCI
SPEL Semiconductor Ltd has arrived at a settlement with the last of its term loan lenders, IFCI. Under a one-time settlement scheme, the company will pay the financial institution Rs 2 crore. The company has paid Rs 25 lakh and expects to pay ... More

INTEREST RATES

ICICI Bank hikes PLR to 11 pc

CREDIT MARKET

SBI's midcorp focus `pays off'
IN July 2004, State Bank of India created a separate set up for focused lending to companies whose turnover falls between Rs 25 crore and Rs 350 crore. Mr V.K. Gupta, Chief General Manager (Mid-Corporates), SBI, has termed the "midcorp ... More

TRADE & LABOUR UNIONS

General insurance officers' body plans strike
PEEVED by the lethargic attitude of the Government in resolving their wage issue pending since August 2002 among others, the National Confederation of General Insurance Officers' Associations have called for a nationwide strike on March 23 and ... More

Kerala: Nabard staff stage sit-in

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Pick a Winner Stock Market Contest

TRAI issues consultation paper on terrestrial broadcasting

Telecom, banking sectors boost PC sales 14 pc in Q3

Indian teas post highest rise in 2004

`Indian mid-cap firms most resilient to Chinese competition'

... And now, ICT tests to qualify for US colleges

In Focus

BHEL Disinvestment

The Yuan Revaluation

Dabhol power regenerated