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Saturday, October 15, 2005
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MONEY & BANKING

FOREX


Rupee trims losses; bond prices rise
MUMBAI: The rupee trimmed some of its losses against the greenback on Friday on account of dollar selling. The domestic currency opened at 44.92/93 and touched an intra-day high of 44.80. It closed at 44.84/85, up from Thursday's ... More

FINANCIAL PERFORMANCE


UTI Bank net rises to Rs 109 cr in second quarter
UTI Bank's net profit surged 135.85 per cent for the quarter ended September 30, to touch Rs 109.01 crore as against Rs 46.22 crore in the corresponding quarter last year. This high growth is illusory, because last year the bank had ... More

NBFCS


Baja Auto Finance to raise share capital
BAJAJ Auto Finance Ltd has informed BSE that its board of directors has approved the increase in the authorised share capital of the company to Rs 50 crore from the existing Rs 20 crore. The decision to raise funds through various means would ... More

CREDIT RATING


Crisil reaffirms outstanding ratings on Ranbaxy
CRISIL has reaffirmed its outstanding ratings on the fixed deposit and commercial paper programmes of Ranbaxy Laboratories Ltd. The reaffirmation follows the ruling of the UK High Court of Justice in a case filed by Ranbaxy against Pfizer, ... More

PUBLIC SECTOR BANKS


BoI to upgrade China office
Almost 20 per cent of Bank of India's business turnover comes from its international business. More

FOREIGN BANKS


Citigroup to focus on organic growth — Dedicates financial literacy centre to Indian School of Microfinance for Women
GLOBAL financial services company Citigroup will focus on organic growth rather than exploring the takeover route in India, Mr Charles Prince, Chief Executive Officer, Citigroup, said here on Friday. Mr Prince, who is on a visit to India, told ... More

SHORT TERM INSTRUMENTS


T- Bill auctions
THE Reserve Bank of India has proposed to raise Rs 2,500 crore through the auction of the 91-day and 182-day Treasury Bills, under the Market Stabilisation Scheme, said an RBI press release. Of this Rs 1,500 crore would be raised through the ... More

REGULATORY BODIES & RULINGS


IRDA tariff advisory panel set for major changes
THE Tariff Advisory Committee (TAC) of the Insurance Regulatory and Development Authority has no one at the helm after the shifting of its Secretary. TAC is the tariff-fixing arm of the insurance regulator. The TAC's Secretary, Mr K. K. ... More

PEOPLE


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    Car sales rise 10 pc in Sept; CVs up 14.3 pc


    Delhi-Chicago flight — American Airlines ties up with Air Sahara

    Absorption of ITS officers into MTNL, BSNL — SC dismisses DoT plea to vacate stay orders on contingency plan

    Two-year validity on prepaids of Tata mobiles

    ACC net up 159 pc on refractory biz sale

    UTI Bank net rises to Rs 109 cr in second quarter

    In Focus

    Indian Aviation: Sky is the limit
    Stock splits
    India Inc's bonus bonanza
    Dabhol power regenerated
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Oct. 2-Oct. 8
    Bank credit up Rs 13,107 cr

    Forex reserves dip $1.2 b

    `Home loans to be dearer if priority tag is removed'

    Market signals hardening yields

    Banks look to deposits to meet credit demand — Gradual unwinding of bond holdings cushions impact of yield rise

    Federal Bank, LKB boards okay merger plan

    Who's to blame for high NPAs in priority sector?


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