The Hindu Business Line : Thursday, August 10, 2006

FOREX
Rupee gains against dollar
The rupee gained against the dollar on Wednesday. Strong dollar selling by corporates also aided the rupee. The domestic currency opened lower at 46.60/62 but ended at 46.47, higher than Tuesday's close at 46.53/54. "The home ... More

STOCKS
Bank stocks in limelight
Analysts expect hike in PLR to boost margins More

SOFTWARE
ITC Info in deal with Danske Bank
ITC Infotech has signed a deal with the Denmark-based Danske Bank to support its IT division. The company did not disclose the deal size. The deal envisages growing business volume across several years to support Danske Bank's IT ... More

CONSUMER FINANCE
Hyundai offers special finance scheme for Getz
Hyundai Motor India on Wednesday launched a special structured finance and buyback scheme for its premium compact car Getz in select markets. Under the scheme, customers in locations like Delhi, Mumbai, Bangalore and Pune will be able to buy a ... More

LIFE INSURANCE
ING Vysya contest for children
ING Vysya Life Insurance has announced that 10-year-old Nihal Kumar from Mangalore is the winner of the `Creating Life Story Telling' contest. The winner received a trip to Australia from Mr T.K. Uthappa, Vice-President and Head ... More

PUBLIC SECTOR BANKS
Two banks plan to raise capital
More

INTEREST RATES
Large corporates not affected by interest rate hikes
No rise in discount rates on commercial paper More

GOVT BONDS
Bond prices gain 70 paise
Bond prices rose by around 70 paise reacting to the pause in the hike in interest rates by the US Fed. The traded volume on the order matching system was high at Rs 4,405 crore. Dealers said that sentiment was positive also ... More

SHORT TERM INSTRUMENTS
T-bills fully subscribed
The auctions of the 182-day treasury-bills and 91-day treasury-bills were fully subscribed. The notified amount for both T-bills was Rs 3500 crore. The Market Stabilisation Scheme (MSS) amount for 182-day T-bill was Rs 1,000 crore. The RBI ... More

Call rates steady
Call rates were between 6 and 6.10 per cent. In the first one-day reverse repo auction under LAF, Reserve Bank of India received and accepted 25 bids for Rs 29,840 crore and in the second one-day reverse repo auction, 28 bids for ... More

OUTLOOK
Indian Bank upbeat on 2 big ticket NPAs
Insurance foray after capital rejig More

PEOPLE
New MD for State Bank of Mysore
Mr P.P. Pattanayak has assumed charge as Managing Director of the State Bank of Mysore. He replaces Mr Y. Vijayanand. Mr Pattanayak was earlier Deputy Managing Director (DMD) and Chief Credit Officer of the State Bank of India, ... More