Mardia hearing postponed to January 7 & 8
Mumbai: The Supreme Court has rescheduled the hearing of the Mardia Chemicals case to January 7 and 8 on the request of the Solicitor General of India. The landmark case's final ruling is expected to have a bearing on the entire Indian banking industry with its interpretation of the Securitisation Act. Earlier the case was to be heard on December 19.
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L&T John Deere ties up with SBH for tractor financing
Hyderabad: L&T John Deere Pvt Ltd, a joint venture between L&T and the US-based agricultural farm equipment maker, John Deere & Company, has entered into an alliance with State Bank of Hyderabad on an exclusive basis for tractor financing.
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Govt buyback of equity from banks likely after Budget
Bangalore: Equity buyback from the public sector banks is expected to commence after the Union Budget for the next fiscal as part of the Government's commitment to dilute stake.
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New chairmen for life, general insurance councils
Hyderabad: THE Insurance Regulatory and Development Authority has announced new Chairmen for the life and general insurance councils.

In an announcement, the Authority has nominated the IRDA Member (Life), Mr T.K. Banerjee, as the Chairman of the Executive Committee of the life insurance council of the Insurance Association of India.

The IRDA Member (Non-life), Mr Mathew Verghese, has been appointed the Chairman of the Executive Committee of the general insurance council of the Insurance Association of India
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RBI lifts forex ban on Hero Honda, others
Mumbai: The Reserve Bank of India has withdrawn its directive issued to authorised dealers in January this year, prohibiting them from releasing foreign exchange to Pepsi Foods Ltd, Hero Honda Motors Ltd and LG Electronics India Pvt Ltd, in connection
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PNB declares 25 per cent interim dividend
New Delhi: Punjab National Bank has declared an interim dividend of 25 per cent for the financial year 2003-04.
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Lecture on rural banking
Mangalore: The former Chairman and Managing Director of Syndicate Bank, Dr N.K. Thingalaya, will deliver A.B. Shetty Memorial Endowment lecture on "Need for restructuring rural banking sector in India," at Mangalore University on December 24.
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