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Par Committee approves conversion of IDBI into a bank
NEW DELHI, JULY 24.The Parliamentary Standing Committee on Finance today approved repeal of the IDBI Act, paving the way for conversion of the country's largest FI into a bank. The Industrial Development Bank (Transfer of Undertaking and ...
RBI nod for CCIL's new forex clearing system
MUMBAI, JULY 24.The Reserve Bank of India has given approval to `FX-Clear,' the forex dealing system of Clearing Corporation of India Ltd (CCIL). It will be launched on August 7. Out of 78 members of forex clearing and settlement system, 39 ...
SBI's Q1 net up at Rs. 914 cr.
MUMBAI, JULY 24.State Bank of India (SBI) reported a net profit of Rs. 913.50 crores for the first quarter of 2003-04, recording a growth of 19.69 per cent, compared to Rs. 763.20 crores in the first quarter of 2002-03. The operating profit at ...
Satyam income at Rs. 570 cr.
HYDERABAD, JULY 24.Satyam Computer Services announced software service revenues of Rs. 559 crores for the quarter ended June 30, 2003, thereby exceeding the guidance of Rs.545 crores. It also revised upwards the revenue growth guidance for the ...
Bharti Tele to go for U.S. listing
CHENNAI, JULY 24. Bharti Tele-Ventures is planning to go in for a listing on the U.S. stock exchanges to step up participation from foreign financial institutions and companies. The funds raised through the proposed overseas listing will ...
Other Stories

  • LG's new range of washing machines
  • Spurt in ACC's PAT
  • Orchid's profit up
  • BPL Mobile achieves financial closure
  • HP Gas offers slew of value added services
  • Rupee edges up
  • Sensex vaults 90 points
  • Ranbaxy posts Rs. 197 cr. net in Q2
  • Xansa centre in SIPCOT complex
  • Industry captains gather at CII meet in Chennai
  • FADA's initiative to reduce obsolete inventories


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  • Staffware launches India operations
  • Bombay Dyeing pact with Citibank
  • Syndicate Bank to sell Allianz products
  • GE Shipping orders third PSV
  • Tanishq COO resigns



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