The Hindu Business Line : Thursday, April 13, 2006

Corporates raise $2 b through ECBs in Feb
Indian companies raised $2 billion (around Rs 9,000 crore) through external commercial borrowings (ECBs) in February, according to data provided by the Reserve Bank of India. About 49 companies raised money during the month. Cumulatively, about ... More

Rupee slumps
The rupee slumped against the greenback due to sustained dollar buying by oil importers as well as the RBI. The steep fall in the equity markets also had its impact on the rupee in the local forex market. The domestic currency shed more than ... More

Rupee breaches 45 level
The rupee fell by more than 30 paise against the greenback on the back of dollar buying by oil companies as well as the Reserve Bank of India (RBI). The domestic currency opened at 44.80 and touched an intra-day low of 45.25/26. ... More

OUTSOURCING

Metavante takes 11.5 pc stake in I-OneSource
Deal to open up new US business opportunities More

INSIGHT

Issues in liquidity management
The monetary policy must be made more responsive to the macroeconomic situation and to liquidity smoothing so that market expectations formation is sound. More

FINANCIAL PERFORMANCE

Gruh Finance net profit up 35 pc
Gruh Finance Ltd, a subsidiary of HDFC Ltd, has announced that its net profit for the quarter ended March 31, 2006, has risen 35 per cent at Rs 12.87 crore as compared to Rs 9.54 crore in the same quarter last year. The company's income in the ... More

GENERAL INSURANCE

Tata AIG operations in Vizag
Tata AIG General Insurance Company Ltd on Wednesday announced the launch of its full service operations here. Mr Madhava Endlur, Assistant Vice-President, inaugurated the branch in Dwarakanagar. He said the company would offer ... More

DEBT MARKET

CREDIT POLICY EXPECTATIONS

Debt market reform is the key
In the context of the emerging situation in the financial market with serious implications for the stability of the macro-economic situation, the RBI needs to put through wide-ranging reforms in the debt market. This will mean looking at some aspects of the economic policy, as also the contradictions in the tax and the administered interest rate regime and addressing them, says HASEEB A. DRABU More

EVENTS

IPO scam set to haunt errant banks: RBI
Regulatory approvals may get tougher More

CO-OPERATIVES

Goa co-op bank in expansion mode
Scouting for partners, products; focusing on increasing profitability More

Cross Currency Rates