NATIONAL World Bank to sanction over $ 200 mn for K'taka World Bank (WB) is in advanced stage of discussions with Karnataka Government on sanctioning loans/credits in excess of $ 200 million for urban sector reforms and health projects, a WB official said today (Sep 14, 2004).
Household savers must become retail investors: FM Government will strengthen regulations and bring in innovative practices to enthuse more household savers to become retail investors, Finance Minister P Chidambaram said today (Sep 14, 2004).
Wipro bags contract with US Traffic Mgmt solutions Wipro Technologies, the global IT services division of Wipro, today (Sep 14, 2004) said it has bagged a contract with American Traffic Management Solutions (ATMS) to build key portions for the US firm's Axsis, Violation Processing System product line (Axsis VPS).
Inatech completes Coventry City Council project Inatech Solutions, an Oracle certified business partner specialising in implementation of Oracle applications and Oracle technology solutions, yesterday (Sep 13, 2004) announced its successful completion of project for Coventry City Council, a UK Government corporation to meet business requirements.
RBI cancels licence of Samasta Nagar Co-op Bank Reserve Bank of India (RBI) has cancelled the banking licence of city-based Samasta Nagar Co-operative Bank (SNCB) owing to its weak financial health.
No immediate hike in interest rates: SBI, ICICI India's two largest banks, State Bank of India (SBI) and ICICI Bank today (Sep 14, 2004) said that there would be no immediate hike in interest rates due to the Reserve Bank of India's decision to increase the Cash Reserve Ratio (CRR) in banks to curb inflation.
Easy loans, new models surge car sales by 18 pc Car sales surged by a robust 18.1 per cent in August 2004, for the fifth consecutive month this year as a spate of new models and easy availability of loans with low interest rates drove the industry northward.
