NATIONAL Home loan rate to remain stable despite UBI's hike
Mumbai: Taking the home loan market by surprise, Union Bank of India (UBI) today (Dec 22, 2003) hiked interest rates for fresh housing loans by 0.50 per cent even as banks and housing finance companies maintained that rates would remain stable for the time being.
Union Bank of India hikes housing loan rates
Mumbai: Contrary to the current trend of declining home loan rates, Union Bank of India has hiked interest rates for fresh home loans by 0.50 per cent across all maturities of fixed and floating rate options, effective January 1, 2004
SBI leads the Sensex to touch 45-1/2 month peak
Mumbai: Led by State Bank of India (SBI), share values rallied further at the Bombay Stock Exchange today (Dec 22, 2003) lifting the Sensex by another 36.61 points to close at new 45-1/2 month peak of 5577.96 on hectic buying by foreign funds as well as short-covering by operators.
'Bureaucracy not keeping pace with reforms'
New Delhi: Government today (Dec 22, 2003) hit out at bureaucracy for not keeping pace with policy changes and promised not to take recourse to borrowings only for meeting revenue deficit as part of efforts to cut down fiscal deficit.
Maruti sheds flab as 1,251 employees opt for VRS
New Delhi: Maruti Udyog Ltd, India's biggest carmaker, on Monday said its 1,251 employees have recently opted for voluntary retirement scheme (VRS).
BSE: Sensex opens on a positive note
Mumbai: The Sensex opened on a better note and continued its upward journey driven by fresh buying
by operators during morning trading on the Bombay Stock Exchange (BSE) in Mumbai today (Dec 22,
2003), on the back of sustained purchases by foreign institutional investors (FII) and domestic mutual funds.
