Business Daily from THE HINDU group of publications
Thursday, May 21, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, May 21, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING OVERSEAS INVESTMENTS: Holdings in US Treasuries jump to $38.2 b in March RBI move to reduce investment risk despite the low yields. Bangalore, May 20 India’s holdings of US Treasuries touched a record of $38.2 billion in March despite depletion in the country’s foreign ... HOUSING FINANCE: PNB to sell 26% stake in housing finance arm to Dawnay Day To foray into factoring business; Q4 net rises 59%. New Delhi, May 20 Punjab National Bank (PNB) has decided to divest a 26 per cent stake in its housing finance subsidiary – PNB Housing Finance – to Dawnay ... FOREX: Rupee seen rising to 44 by fiscal-end Mumbai, May 20 The rupee is likely to appreciate to 44 against the dollar by end-March 2010, according to a research report released by ... REGIONAL RURAL BANKS: Karnataka Grameen Bank planning 80 solar villages Mangalore, May 20 The Dharwad-headquartered Karnataka Vikas Grameen Bank (KVGB), which has financed over 12,000 solar light units under its area of operation, is now planning to make 80 villages solar ... FOREX: Rupee gains in volatile trade Mumbai, May 20 The rupee gained by 30 paise against the dollar on Wednesday, in a volatile market, said dealers. The rupee opened at 47.95 and strengthened to touch an intra-day high of 47.29. It weakened to close at 47.48, against the ... FINANCIAL PERFORMANCE: Bajaj Finserv posts Rs 107-cr net in Q4 Mumbai, May 20 Bajaj Finserv has reported a net profit of Rs 107 crore in the fourth quarter of 2008-09 against a net loss of Rs 21 crore in the corresponding period ... GOVT BONDS: Bond prices up amid thin volumes Mumbai, May 20 Bond prices increased by about 20 paise in a market that saw thin volumes. The announcement of buyback of Rs 6,000 crore of securities by the RBI was the reason behind the increase in bond prices, said a bond dealer with a ... PRIVATE BANKS: Axis Bank pact with Motilal Oswal for online trading Mumbai, May 20 Axis Bank on Wednesday announced a strategic alliance with Motilal Oswal Securities Ltd to facilitate online trading for the bank’s 10 ... CORPORATE BONDS: SKS Microfin raises Rs 75 cr Hyderabad, May 20 SKS Microfinance has raised Rs 75 crore through non-convertible debentures (NCD). The one-year NCDs, issued at a coupon of 10 per cent, are listed on the Bombay ... SHORT TERM INSTRUMENTS: Call rates unchanged ... INFORMATION TECHNOLOGY: BoI completes core banking link-up ... FINANCIAL INSTITUTIONS: EMFIL sells 20% to Dia Vikas ESAF Microfinance and Investments (P) Ltd (EMFIL), one of Kerala’s largest microfinance companies, recently raised Rs 12 crore by selling 20 per cent of its stake to Dia Vikas Capital, Delhi, a 100% subsidiary of Opportunity ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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