UTI Bank plans Rs 100cr private placement to beef up tier-II capital
UTI Bank is set to enter the private placement market during this week to raise Rs 100 crore tier-II capital. The bank is also in the final stages of tying up with Global Telesystems for the payment gateway which will enable Internet-based (e-commerce) transactions.

Japan's consumers take to debit cards cautiously
Japanese banks and retailers on Monday launched the country's first full-scale debit card service, an easy tool for cashless shopping, but it remains to be seen how well it will catch on in a society where cash is king.

Performance of assisted firms in Q3 indicates recovery -- IDBI
The third quarter (October-December 1999) financial results of 418 IDBI-assisted companies hint at industrial recovery witnessed in the first two quarters of the fiscal 2000.


  e-Briefing
  Executive briefing
  Crisil assigns highest rating for Bajaj Auto Finance fixed deposit
  Market round-up
  LIC executive director to join IRDA as full-time member
  High fiscal deficit makes rate cut difficult, says Tarapore
  StanChart to raise 600 million to fund expansion
  Revamp legal system to recover dues -- Expert
  RBI picks holes in ICICI's asset quality
  DCA raises remuneration of managerial staff of sick firms
  Centre may okay ICICI plan for ECL recast this week
  EU reiterates demand for labour debate at WTO
  China's gain could be India's loss
  Limit of sorbic acid in preservatives raised
  Budget 2000-01 lacks signals, feel experts
  Care predicts marginal rise in prices of goods and commodities
  Environment ministry frames rules for ozone-depleting substances