Engle, Granger win Nobel Prize for Economics
Stockholm: Americans Robert F Engle and Briton Clive W J Granger won the 2003 Nobel Memorial Prize in Economic Sciences for their use of statistical methods for studying the timing behind economic developments, the Royal Swedish Academy of Sciences said Wednesday.
The academy said their research is used to gather data for ``time series,'' such as chronological observations or for estimating relationships and testing hypotheses
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Cibil slashes credit report rates
Mumbai: The Credit Information Bureau (India) Ltd, has announced special prices on its credit reports to incentivise banks and financial institutions to populate its database by March 2004 and kick off full-fledged commercial operations.
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PNB, four other banks to share 1,700 ATMs
New Delhi: Punjab National Bank ought to launch a drive for a nation-wide shared ATM network, UTI Bank chairman PJ Nayak said here on Wednesday. It is the largest player among the five banks who have teamed up to form a fourth shared-ATM network in the country — along with Indian Bank, Oriental Bank of Commerce, UTI Bank and Global Trust Bank. PNB will act as the settlement bank for the MITR group, which will network a total of 1,700 ATMs across 143 cities.
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UTI Bank gets Rs 170 crore via Pref Equity Allotment
New Delhi: UTI Bank has mopped up Rs 170 crore through issue of preferential equity to the Life Insurance Corporation , the Commonwealth Development Corporation and three other investors at a price of Rs 42 per share in the last few months, chairman PJ Nayak told newspersons on Wednesday.
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