The Hindu Business Line : Friday, October 06, 2006

FOREX
Rupee gains against dollar
The rupee strengthened against the dollar on Thursday on the back of strong dollar inflows into the equity markets. The home currency opened at 45.70/71 and ended at 45.65, against Wednesday's 45.74. Dealers said dollar ... More

LIFE INSURANCE
MetLife India to infuse $100 m
MetLife India Insurance Co Pvt Ltd plans to infuse $100 million capital to fund its expansion plans. MetLife Inc, which holds 26 per cent in MetLife India, is also keen to increase its stake to 49 per cent once the Government hikes the FDI cap. ... More

GENERAL INSURANCE
HDFC Chubb gross premium tad lower
More

PRIVATE BANKS
IDBI meets branch expansion target with UWB merger
Marginal impact on capital adequacy expected More

FINANCIAL INSTITUTIONS
IFC considering $45-m equity investment in Cairn India
International Finance Corporation (IFC), the private lending arm of the World Bank, plans to invest up to $45 million in equity in Cairn India. IFC on its website said: "IFC is considering an equity investment in Cairn India in the form of ... More

SIDCO to expand activities: Kerala Minister
Exim division to scout for international market More

GOVT BONDS
Bond prices end flat
Bonds ruled quiet as the market-awaited details of fresh auctions in the second half of the fiscal, said dealers. "Bonds opened high as the market tracked low yields on US T-bills," said a dealer at a private bank. Total ... More

SHORT TERM INSTRUMENTS
Call rates unchanged
Call rates were unchanged between 6.40 and 6.50 per cent. In the first one-day reverse repo auction under the LAF, the Reserve Bank of India received and accepted seven bids amounting to Rs 15,330 crore and in the second one-day ... More

CREDIT CARDS & DEBIT CARDS
Get cash back on ICICI Bank credit cards
You may perhaps enjoy the festive season with ICICI Bank's new scheme on credit cards. The scheme is a wee bit twisty and could test the arithmetic skills of the credit card users. For instance, if a customer buys goods worth above Rs 2,000 on ... More

FIXED DEPOSITS
Syndicate Bank hikes deposit rates
Public sector Syndicate Bank has hiked deposit rates for maturities between three and five years to 8 per cent. A bank release said here Thursdaythat this rate would apply to both bulk and retail deposits during the festive ... More

TRADE & LABOUR UNIONS
One-day protest by GIC staff
Over 40,000 employees of the four public sector general insurance companies went on a one-day strike today. The strike was called to protest the Transfer and Mobility Policy, described by unions as arbitrary. The four public ... More

LKB appeal to staff on strike
Proposes a special one-time increment to the staff More

OUTLOOK
India on ING radar
Top-level team here for hands-on feel More