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Top Stories- February 2004
Click Here To Return To Daily News Click Here For Banking Articles
NBFCs registered with Reserve Bank of India may now take up insurance agency business on fee basis.... Read more
6 more institutions have been notified as public financial institutions.... Read more
Alan Greenspan, Chairman, US Federal Reserve, has warned of “systemic risk” posed by mortgage institutions.... Read more
The Interim Budget for 2004-05 has merged 50 per cent of Dearness Allowance with basic pay for central Government employees. However, no changes in the Income Tax structure were proposed.To read in detail about Budget announcements related to Bank Credit & Development Finance,
Direct Taxation,
Indirect Taxation and
Other Reform Measures ... Click Here
SEBI has permitted, HSBC to not make the open offer, after it buys a little over 20% equity in UTI Bank from CDC Capital Partners.Open offer under the takeover code gets triggered if ... Read more
RBI has issued guidelines for transfer/ allotment of shares in private banks. These guidelines seek to make transparent the broad criteria, and protect depositors’ interest as also to ensure soundness of the financial system... Read Full Guidelines
Government has announced `mini exim policy'. According to Commerce Minister, these announcements are only `procedural changes' to fine tune the 2002-07 EXIM Policy... Read Full Details
Tata Consultancy Services, Wipro Technologies and Infosys Technologies are among the top 15 outsourcing vendors in the world... Read more
Insurance companies are now permitted to invest temporary surpluses in mutual funds and will need to file quarterly reconciliation reports... Read more
Fidelity National Financial and Sanchez Computer Associates has announced the signing of a merger agreement pursuant to which FNF will acquire Sanchez... Read more
US Senate has barred subcontracts to India and other countries by American companies... Read more
For more Stories from the Archives... Click here
For Latest Stories... Click here
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