After putting its initial public offer (IPO) on the backburner for over a year, Bank of Maharashtra (BoM) has revived plans to tap the market with an equity issue of about Rs 240 crore. The banks

Mahabank revives float plan

Business Standard

ICICI Lombard has cornered the largest market share among private sector non-life insurance companies in the first half of 2002-03 at 21.21 per cent against 12.21 per cent in the previous period  a

ICICI Lombard grabs 21% of non-life pie in H1

National Insurance Company aims to topple the countrys leading non-life insurer  New India Assurance Company  as it heads to number one position in the general insurance sector this year. 



National aims to topple New India Assurance

<I>The International Monetary Fund (IMF) chief economist-designate, Raghuram Rajan feels big deficits  whether Indias fiscal deficit or the United States current account deficit  are not

RBI, finance ministry on right path: Rajan

In yet another move on current account liberalisation, the Reserve Bank of India today said the balances in the Export Earners Foreign Currency (EEFC) account and resident foreign currency RFC (D)

RBI eases norms on foreign currency accounts

Citigroup welcomes competition on Indian turf. It is not averse to acquiring a bank if the right combination  right price with a good cultural fit  came along. 



Citi says growth is not hostage to buyouts

Four consultants  McKinsey &amp; Co, IBM, PricewaterhouseCoopers and Tata Consultancy Services  will make presentations to Industrial Development Bank of India board tomorrow on its conversion into

Four consultants to make presentation to IDBI today

The automatic debit facility of a state governments current account with the Reserve Bank of India is being constructively used for the first time to enhance the credit worthiness of a Maharashtra

Bond with auto debit rider set for debut

The Reserve Bank of India will commence the governments buyback of high coupon bonds on July 19 for a total amount of Rs 1,00,438 crore. 



Debt buyback from July 19

The World Bank and the International Monetary Fund (IMF) have sought the Reserve Bank of Indias (RBI) clearance for private monitoring of public sector banks by international credit rating agencies

IMF, WB seek nod for pvt monitoring of PSBs

The over 20 million domestic card industry will have to upgrade itself from the present magnetic-strip-on-plastic technology to chip-based smart cards in the next three years. 



Credit cards to go 'smart' in 3 years

Projects dependent on the vagaries of weather are now increasingly relying on a special insurance cover  weather derivatives  for credit enhancement. 



Weather derivatives' cover helps lower farm loan rates

The Life Insurance Companys (LICs) Varishtha Bima Yojana has mopped up over Rs 95 crore within 48 hours of its launch on July 14. 



LIC pension scheme mops up Rs 95 crore in 48 hours

A Win-Win Deal?

The prices of long-term government securities rose by 15-20 paise today amid thin trading, while the call money rates remained in the range of 6.25 per cent to 6.50 per cent.<BR><BR>The government

Longer Gilts Spiral Up, Call Sticks To Groove

The Reserve Bank of India (RBI) will auction a 15-year paper for Rs 6,000 crore on Monday. This will be second government paper auction under the central governments budgeted government borrowing

15-Year Paper Auction Slated For Monday

Uk Tip-Sheet For Tyros May Be ore Sizzle Than Steak'

Reliance Capital today said that it will apply for a bank licence. It added that it will sell 4-5% stake in proposed bank to Japan's Sumitomo Mitsui Bank and Nippon Life.

RCap partners Japan's Sumitomo, Nippon for bank foray

Press Trust of India

Post the completion of consulting and IT services provider Mahindra Satyam's merger with Tech Mahindra, the combined entity christened as Tech Mahindra, which is now the fifth largest software exporter in the country, is cross-leveraging the technology competencies between the two companies to go after new customers and new geographies. In an interview, AS Murty, chief technology officer (CTO) of erstwhile Mahindra Satyam and the likely CTO of the new entity, shares with K Rajani Kanth Tech Mahindra's new technology innovation plans. Excerpts:

Magma Fincorp to apply for bank licence

Exim Bank's India book is estimated at about $8.2 bn

US Exim Bank to work with states for renewable energy

BS Reporter

The bank is issuing 14.39 mn equity shares with a face value of Rs 10 each to qualified institutional buyers

ING Vysya Bank to raise Rs 899 cr via QIP

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