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Friday, March 10, 2006
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MONEY & BANKING

FARM CREDIT


RBI wants immediate action on interest relief to farmers
Banks to be reimbursed within a month of claims More

FINANCIAL SERVICES


S1 Corpn's new facility at Pune
Co to ramp up headcount More

PENSION PLANS


ING keen on pension foray, ready to wait
Capital is no constraint; to leverage on European linkages More

FOREX


Rupee unchanged
With the stock market gaining, the rupee was steady against the US dollaron Thursday . The yen also staged a recovery during intra-day trade. The rupee opened at 44.51/53 and fell to 44.59 on dollar buying prompted by fears ... More

INSURANCE


Insurance sector facing shortage of actuaries
With the health and pension sectors opening up, experts say, the insurance industry would require at least 100-150 actuaries. Currently, the country has just 50 certified actuaries and only two qualify as actuaries every year. The ... More

24/7 Customer sets up facility for Aviva
To service life, motor claims More

HOUSING FINANCE


Senior citizens village project
LIC Housing Finance Ltd Care Homes Ltd, a wholly owned subsidiary of LIC Housing Finance, on Thursday launched its first senior citizens retirement village in Bangalore. Mr A.K. Shukla, Chairman, LIC, inaugurated the pilot ... More

LIFE INSURANCE


Partners in life insurance
SEALING AGREEMENT (From left) Mr V.P. Shetty, Chairman and Managing Director, IDBI; and Mr Peer Van Harten, CEO, Fortis Insurance International and Mr Damis J Ziengs, CEO, Asia, Fortis Insurance International; after signing the MoU to form a ... More

Reliance Life to open 44 more offices
The IRDA has given approval to Reliance Life Insurance to open 44 more offices. With the addition of these branches, the company will increase its presence to 162 branches across the country. Mr P. Nandagopal, CEO, Reliance Life Insurance, ... More

DEBT MARKET


Bond prices gain
The bond market, comfortable after the Government announced the private placement of bonds with RBI, continued to gain on Thursday. The net gain in bond prices at the end of trade was about 20 paise. The 8.07 11-year 2017 paper ... More

SHORT TERM INSTRUMENTS


Call rates steady
Call rates were steady on Thursday given the improving liquidity. Injection into the system by the Reserve Bank of India was gradually decreasing, dealers said. In the first one-day auction under the LAF, RBI did not receive any ... More

CO-OPERATIVES


RBI cancels licence
The Reserve Bank of India (RBI) has cancelled the licence of Dabhoi Nagrik Sahakari Bank in Gujarat. The RBI order was issued after the close of business at the bank on March 7, 2006. The Registrar of Co-operative Societies, Gujarat, has also ... More



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Union Budget 2006-2007

Economic Survey 2005-2006


Top Stories
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MICO to invest Rs 800 cr in 2 yrs; Bosch Rs 500 cr

JM Baxi to roll out container train in June

ING keen on pension foray, ready to wait

Rubber production to exceed targets

Cement scrips zoom

FDI inflow up 326 pc in Jan

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In Focus

Infrastructure woes stare IT sector
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In Depth

Gender Justice
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Looking back
Feb. 26-Mar. 4
Poultry sector seeks reschedule of loans

Bonds lower on fears of higher borrowings

LIC plans to invest Rs 13,000 cr in equities — Favours bank stocks

Interest rates may firm up: Survey
`Forex reserves accretion slowing, credit offtake keeps rising'


Bank deposits to get 80C deduction — Recapitalisation bonds to be converted into tradable securities

Short-term credit at 7 pc — Farmers to get from kharif season

UTI Mutual to enhance international operations

Hallmarked jewellery a safer bet, says RBI

FIIs unlikely to rush for G-Secs, corporate bonds

Steel cos parking cash with banks

Banks queue up for loan to IA



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