The Hindu Business Line : Saturday, May 26, 2007

PREFERENTIAL ALLOTMENTS
HDFC making preferential issue
Housing Development Finance Corporation Ltd (HDFC) said it would raise Rs 3,114 crore through preferential issue of shares to two foreign investors, The Carlyle Group and Citigroup Strategic Holdings. The global private equity firm, The ... More

FOREX
Forex reserves fall $9 million
The country's foreign exchange reserves fell by $9 million to $203.98 billion for the week ended May 18, due to a drop in foreign currency assets. Forex reserves had fallen by $18 million to $203.99 billion in the previous week. According to ... More

`Pressure on rupee will continue'
ICICI Bank, the country's largest private bank, said on Thursday that the rupee would continue to be under pressure to appreciate against the dollar as long as capital inflows exceed outflows. "There will be pressure on the rupee ... More

FINANCIAL PERFORMANCE
IndusInd Bank Q4 net profit at Rs 21.4 cr
`Key ratios looking better; Net worth crosses Rs 1,000 cr' More

HUMAN RESOURCES
Mayorspeak
HONING BIZ SKILLS: Mr Alderman John Stuttard, Lord Mayor of the City of London, addressing a seminar on "Skills for business — Trained and motivated teams creating a professional and successful business environment" and launch of a report ... More

FINANCIAL INSTITUTIONS
APSFC urged to bring down NPAs
The State Industries Minister, Ms J. Geetha Reddy, has urged the Andhra Pradesh State Financial Corporation to bring down non-performing assets (NPAs) and pay special attention to entrepreneurs of scheduled castes and tribes and ... More

Seven entities submit bids for pension fund managers' role
The LIC, SBI, UTI Asset Management, Canara Bank, State Trading Corporation, PNB and IDBI Capital are the institutions that have submitted their bids. More

FIXED DEPOSITS
`Banks facing higher cost of deposits'
Unlikely to pass on burden of increasing costs to borrowers: Crisil More

OVERSEAS INVESTMENTS
BoB plans opening 10 overseas branches
All regulatory approvals are in place, says CMD More

Union Bank to widen global reach
The Union Bank of India Executive Director, Mr R.S. Reddy, has said that the bank will be opening up seven more overseas branches in the current financial year. Addressing presspersons here on Friday, Mr Reddy said the Reserve Bank of India ... More

CONSUMERISM
Banking ombudsman scheme amended
Bank customers can now appeal against the decision of the Banking Ombudsman if he has rejected the customer's complaint — provided the complaint falls within the matters specified under Banking Ombudsman Scheme. The Reserve Bank of India ... More

CO-OPERATIVES
Separate audit department for cooperatives mooted in Kerala
The importance of proper auditing system to ensure transparency in preparation of annual financial statements of banks was stressed. More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

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Looking back
May. 13-May. 19
Bajaj Allianz General Insurance full-year net rises 46%

ICICI Bank raises £ 350 m in the sterling market

SBI Q4 results a surprise

Pressure on PSU non-life insurers to conform to statutory management ratio

`Real estate prices may not see radical correction'

Pvt non-life insurers expand share to 35% in 2006-07

Re strengthens against dollar

Chidambaram hints at more fiscal steps to check inflation

Navratna oil PSUs allowed to invest abroad

Rupee gains on China's move