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Sunday, March 28, 2004
ICICI Bank plans price stabilisation fund
MUMBAI, MARCH 27. ICICI Bank plans to create a price stabilisation fund to protect the share price from falling below the issue price. The public issue of the bank, which opens on April 2, has a size of Rs. 3,050 crores. In addition, under the ...
Market Stabilisation Scheme: RBI to issue T. Bills, dated securities
CHENNAI, MARCH 27. The money proposed to be raised by the Reserve Bank of India under the just launched Market Stabilisation Scheme (MSS) will be held in a separate identifiable cash account and maintained and operated by the RBI at the Central ...
VisualSoft's BPO facility
HYDERABAD, MARCH 27. VisualSoft Technologies announced the inauguration of its new BPO facility and division named `VisualSoft Interactions', with a capacity of 500 seats and set up with an investment of about Rs. 18 crores. Commercial operations ...
Impact of rupee appreciation
MUMBAI, MARCH 27.The sudden upsurge in the value of the rupee in the closing stages of the current financial year took most market players by surprise. The rupee, in a week's time, has strengthened by around 1.6 per cent against the U.S. ...
MFs asked to tap rural savings
NEW DELHI, MARCH 27.The Government is creating a conducive atmosphere to facilitate an aggressive penetration of the mutual fund industry in rural areas to tap its vast savings potential. Stating this the Union Finance Secretary, D. C. Gupta, ...
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