Sharp dip in Asian foreign currency bond failures, says JP Morgan
Defaults by Asian corporate borrowers on foreign currency bonds have declined sharply as the region's financial crisis fades into history and economies recover, according to the US investment bank JP Morgan.

Kotak Mahindra Finance teams up with Old Mutual for life insurance venture
Kotak Mahindra Finance Limited (KMFL) has formed a 150 crore joint venture with the UK-based $270 billion, Old Mutual Plc Financial Services group, to enter the life insurance sector.

Bank of Punjab net soars 59% to Rs 12.7 crore in first-quarter
Bank of Punjab has registered a growth of 104% in profits before depreciation and tax from Rs 11.22 crore during the quarter ending June 1999 to Rs 22.85 crore for the first quarter of the financial year 2000-2001.


  Panel finalises long-distance telephony norms
  Core group of secretaries recommends infrastructure status to LNG projects
  Rupee dips further to 45.32
  Executive briefing
  Yen snatches rare gains from frustrated bears
  Standard Chartered first-half profits rise 31 per cent
  Market round-up
  Lord Krishna Bank plans Rs 50crore public offer in 2001
  States taking wind out of the sail of wind power units
  Koirala invites Indian industryto set up facilities in Nepal
  Final touches being given to new drug policy -- Minister
  India asks S Africa to review decision on anti-dumping duty
  Iron and Steel Cos Amalgamation and Takeover Act repealed
  Mamata calls for strict austerity measures
  PM launches PGCIL'soptical fibre link
  RBI rolls out settlement rules for NPAs