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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



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