The Hindu Business Line : Thursday, October 12, 2006

FOREX
Rupee gains against dollar
After two days, the rupee gained by about 8 paise against the dollar on Wednesday. It gained as dealers unwound long positions. Good results from Infosys was a positive. "Dealers squared deals ahead of the US Federal Reserve ... More

SOFTWARE
IBM, Oracle, i-flex join hands for banking tool
Three giants - IBM, Oracle and i-flex - announced on Wednesday a collaborated effort to provide banks with infrastructure, services, and support for enterprise applications, core banking, and risk management. The combination of hardware ... More

GENERAL INSURANCE
Oriental to launch more personalised policies
Appoints micro agents to create awareness about products More

Insurers have to spend much on IT to survive
Compulsions of free pricing regime to mine piles of data More

Apollo forays into health insurance
Apollo Hospitals group has signed a joint venture agreement with Deutsche Krankenversicherung AG of Germany for setting up a stand-alone health insurance company. Apollo Hospitals Enterprise Ltd will hold 20 per cent in the Rs 100-crore equity ... More

GOVT BONDS
Bond prices fall
Bond prices fell by about eight paise on Wednesday as investors sold to invest in fresh auctions. Traded volumes on the order-matching system were Rs 2,620 crore (Rs 3,280 crore). Dealers said that prices dropped tracking the ... More

CREDIT MARKET
CIBIL plans products to spot good customers
Banks may be able to offer interest rate cuts, fee waivers More

Canara Bank on financial inclusion drive
Canara Bank, the convener of the State Level Bankers Committee in Kerala, has completed financial inclusion of two wards in Thiruvananthapuram district. The bank has taken the initiative to implement the financial inclusion programme of the ... More

SHORT TERM INSTRUMENTS
Call rates at 6.40-6.50
Call rates were between 6.40-6.50 against Tuesday's 6.35 and 6.45 per cent. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted six bids amounting to Rs 14,300 crore and in the ... More

MERGERS & ACQUISITIONS
Barclays acquires 4.70 pc in IDFC
Barclays Bank PLC has acquired 4.70 per cent equity in Infrastructure Development Finance Company Limited (IDFC) for Rs 380 crore. The equity stake was acquired through Barclays Capital Mauritius Ltd, a registered foreign ... More

PEOPLE
New ED for BoB
Mr V. Santhanaraman has been appointed as Executive Director, Bank of Baroda, with effect from October 10. Prior to this, he was General Manager in Indian Bank, said a press release from Bank of Baroda. He joined Indian Bank as probationary ... More

Yogesh Agarwal, new SBI MD
He has been appointed as Managing Director of the board of State Bank of India with effect from October 10. Prior to this appointment, Mr Agarwal was the Managing Director of the State Bank of Patiala. He had joined the SBI Group as ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

Top Stories
Pepper futures crash again

Zydex launches water proofing chemical Zycosil

Customs collection up 33.8 pc in Apr-Sept

Combined profit of steel PSUs up 17 pc

ISPs in talks to share infrastructure, bandwidth

World rice market to rule firm

Insurers have to spend much on IT to survive

Looking back
Oct. 1-Oct. 7
Interest rate must not be raised: CII survey

LIC registers 150-pc rise in new premium income

Flatter US yield curve ahead?

Standard Motors' payment buoys IOB recoveries in Q2

`Banks yet to obtain digital signatures in a big way'

Forex reserves fall over $1.2 b

Govt paper on PD books to be parent bank's SLRs

India on ING radar

Advt Links:
• Easy Loans in 4 8 hours