Online edition of India's National Newspaper
Friday, February 07, 2003
Online edition of India's National Newspaper Friday, February 07, 2003 |
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Corporates allowed to prepay FCCBs NEW DELHI, FEB. 6.After deciding to pre-pay some international debt, the Government today allowed Indian corporates also to pre-pay the existing Foreign Currency Convertible Bonds (FCCBs), subject to some conditions. According to an official ... RBI awards banking licence to Kotak Mahindra MUMBAI, FEB. 6.Kotak Mahindra Finance Ltd. (KMFL), which has been given the banking licence by the Reserve Bank of India, is to commence business as a private sector banking entity before March end with a focus on the retail segment. "The 30 ... Further cut in NHB capital gains bond rates NEW DELHI, FEB. 6.The National Housing Bank (NHB) has further reduced the interest on its capital gains bonds to 5.5 per cent per annum. It had originally opened the capital gains bonds issue on August 14, 2002 with a coupon (interest) rate of ... Equities bounce back on FII buying MUMBAI, FEB. 6. Led by Hindustan Lever, equities bounced back lifting the Sensex past the 3300 mark at close in fairly good activity on the Bombay Stock Exchange today on all round heavy purchases by foreign institutional investors. A steep ... GE, Bechtel to help restart Dabhol plant NEW DELHI, FEB. 6.In a move forward to resolve the deadlock over restarting the closed Dabhol power plant of the principal promoter, Enron, two other minority shareholders of the project, GE and Bechtel, today agreed to extend unconditional ... Other Stories
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