US treasury to buy back bonds worth $1.5 billion this week
The US Treasury announced on Wednesday that it will buy back up to $1.5 billion of 30-year bonds from investors this week, in its ninth round of debt repurchases this year.

UTI Bank net profit up 152% to Rs 16 cr in Q1
UTI Bank has reported an increase of 152 per cent in net profit to Rs 16.09 crore for the first quarter ended June 30, 2000, against Rs 6.38 crore for the corresponding period last year.

NCDC cuts lending rates up to 1.25%
The National Cooperative Development Corporation (NCDC) has cut lending rates to the cooperatives by 0.5% to 1.25% in the current year. Effective interest rates would now range between 13.75 percent and 14.50%.


  Citi's merger with Schroders going ahead of schedule
  ING will sell stakes in other firms to pay for purchase of Aetna units
  Market round-up
  ICICI Bank posts Rs 40 cr net in Q1
  Briefing
  Special fund to extend creditto LatAm nations proposed
  Six core industriesachieve 8.4 pcgrowth in June
  Finance, power ministrieslock horns over CEA role
  MoU signed for 7 hydro power projects in J&K
  Naveen govt endorses OPGC stake sale to AES
  Team leaving for Teheran in Aug to discuss gas supply
  SCI to raise $100m for acquiring Aframax vessels
  Electricity Bill to devise framework for recast
  Need to strengthen tariff panel to offset post-QR impact
  I-T dept raids top cricketers premises
  Rupee closes at an all-time low of 44.91
  Foreign funds went shopping when others were selling