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Sunday, February 23, 2003

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MONEY & BANKING

FOREX


Forex reserves rise $616 m
THE country's foreign exchange reserves continued to rise to cross the $ 75-billion mark. For the week ended February 14, forex reserves rose by $ 616 million to touch $ 75.283 billion. However, the increase was relatively lower than during the ... More

LIFE INSURANCE


Term plans with a difference
TERM plans are the simplest insurance products in the market today. They provide only pure life cover, and do not have a savings component attached to them like the endowment or money-back policies. Typically, a term plan guarantees to pay the ... More

ING Vysya's Conquering Life Critical Illness Plan
ING Life's Conquering Life Critical Illness Plan is a term assurance plan with a built-in cover for critical illness. In other words, the policy covers the policyholder's life for a particular period, and if he contracts any of the ... More

CREDIT RATING


Rating agencies can rate `associate'
A CREDIT rating agency can now rate a security issued by its `associate' having a common `independent director' with the agency or its rating committee. Prior to this partial relaxation, a credit rating agency was forbidden from rating a ... More

CORPORATE BONDS


ICICI Bank: Options limited
ICICI Bank's second offer of Safety Bonds for this fiscal is now open for subscription. The yields on offer are lower than what wasoffered in January. This is in contrast to the spike in the yields of government securities since January. ... More

RIGHTS ISSUES


Karnataka Bank: Subscribe
INVESTMENTS in the rights offer of Karnataka Bank can be considered. The offer is priced at Rs 25 per share even as the ex-bonus, ex-rights market price is around Rs 55. This 1:2 rights offer is being made on top of the recently declared 1:1 ... More

NEW PRODUCTS & SERVICES


Godrej & Boyce launches note banding machine
THE securities equipment division of Godrej & Boyce launched high-speed bank note banding machine, specially designed for quick banding of currency notes in banks, under the brand `Q-Band' here on Saturday. In a press release, the company said ... More
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Rating agencies can rate `associate'

UPS plans to launch `Internet' shipping

Godrej & Boyce launches note banding machine

Forex reserves rise $616 m

In Focus
Run-up to Budget
Kelkar Report
Bottled water: How safe is it?
Telecom Competition
Oil PSUs: Disinvestment dilemma
Housing Fin. rate war: Bonanza for consumers!
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews
Looking back
Feb. 16-Feb. 22
Fresh IRDA norms on referral pacts

i-flex looks to Citibank for more products' revenue

Euro is better bet for exporters

Banks place riders on bonds-switch proposal

Banks on a hiring spree

Design policies for AIDS patients: IRDA chief

SBI reduces floating rates on home loans


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