|
Rupee
firms up; gilts rise
Mumbai: The rupee firmed up against the dollar
on Friday. It closed at 46.5400/5450.
On Thursday, the domestic currency ended at 46.55/56.
The
rupee opened higher, but shed its gains on account of
purchase of dollars by State-run banks, said a forex dealer
in a private bank.
Back
to News Review index page
Strong
rupee: FIEO seeks RBI action
New Delhi: The Federation of Indian Export Organisation
(FIEO) on Friday urged the Reserve Bank of India to intervene
"at this point" and bring about "parity
and stability" in rupee exchange rate vis-a-vis the
dollar.
Back
to News Review index page
Changes
in Act soon to check home loan NPAs
Bangalore: In a bid to pre-empt any build-up of
non-performing assets (NPA) in the housing loan segment,
the Government is expected to bring an amendment to the
Securitisation Act passed late last year.
Back
to News Review index page
Srei
net up 26 pc; halves dividend to 10 pc
Kolkata: Srei International Finance Ltd (Srei)
has recorded a 26-per cent jump in net profit at Rs 19.72
crore (Rs 15.63 crore) for the year ended March 31, 2003.
Announcing
the annual results here on Friday, Mr Hemant Kanoria,
Managing Director, said the total assets under management
have jumped to Rs 1,568 crore (Rs 1,204 crore), registering
an increase of 30 per cent. The board has recommended
a dividend of Re 1 per share (10 per cent) against the
Rs 2 per share (20 per cent) paid out last year. Income
from operations is up at Rs 118.59 crore (Rs 110.88 crore).
Back
to News Review index page
Hudco
sanctions Rs 516.35 cr for N-E States
New Delhi: Housing and Urban Development Corporation
(Hudco) has sanctioned loans to the tune of Rs 516.35
crore for different infrastructure and housing schemes
in the north-eastern States with Assam cornering the bulk
of the funding.
Back
to News Review index page
Bajaj
Allianz To Enter Credit Insurance Biz
Pune: Bajaj Allianz General Insurance Company Ltd
is planning to get into the credit insurance business,
an area dominated by the Export Credit Guarantee Corporation.
The company has also become the first insurance company
to issue on-line issuance of marine certificates to customers
from their own location itself.
Back
to News Review index page
OM
Kotak's premium income up
Bangalore: Private life insurer OM Kotak Mahindra
said its premium income for fiscal 2003 were Rs 40.32
crore, up from Rs 7.65 a year ago, which was its maiden
year in insurance foray.
Back
to News Review index page
CUB
keeping pace with changing trends
Coimbatore: With just a couple of months to go
to mark its birth centenary, the Kumbakonam-based City
Union Bank (CUB) is gearing up to keep pace with the changing
trends prevailing within the banking industry.
The
bank, while upgrading itself on the technology front is
embarking on a plan to widen its customer base and improve
its market share in all areas of operation. "An image
building exercise is on," Mr S. Balasubramanian,
Executive Director, CUB, said.
Back
to News Review index page
KUIDFC
to set up asset mgmt company
Bangalore: The Karnataka Urban Infrastructure Development
and Finance Corporation is to set up a separate asset
management company from the refunds by civic agencies
that had taken out loans from KUIDFC. The proposed company
- to be set up towards the end of the year - will use
the funds for various urban development projects in the
State, it is reported. About Rs 40 crore of capital is
already available and more is expected to accumulate once
civic bodies such as the Bangalore City Corporation, the
BMTC, the BWSSB and the BDA, make repayments.
Back
to News Review index page
|
