The Hindu Business Line : Tuesday, January 09, 2007

FOREX
Rupee falls 19 paise
The rupee fell by around 19 paise on Monday as the local and Asian stock markets turned weak. "The dollar also rallied against the euro and the yen on favourable payroll data, impacting the rupee," said a dealer at a private ... More

SOFTWARE
Nucleus Soft tool for YES Bank
Yes Bank has opted for FinnOne Total Management Solution from Nucleus Software.Nucleus has, in a statement said the selection of its flagship product FinnOneTM, loan management and cash collection suite would help the bank offer ... More

LIFE INSURANCE
Dept of Post may hive off insurance, real estate
Move aimed at corporatising operations More

ICICI Pru Life widens capital base
ICICI Prudential Life Insurance has hiked its capital base by Rs 230 crore to Rs 1,815 crore. This is the third equity infusion this fiscal and the total increase this year has been Rs 630 crore. The two partners, ICICI Bank and Prudential ... More

GENERAL INSURANCE
Bharti, AXA into general insurance
Bharti Enterprises and French insurer AXA have signed a memorandum of understanding to establish a joint venture company in the domestic general insurance business. In this joint venture company between Bharti and AXA, Bharti Enterprises will ... More

DEBT MARKET
Banks seek RBI nod to short sell securities
Banks cite poor volumes as defeating the purpose of price discovery More

RBI & OTHER CENTRAL BANKS
RBI relaxes norms for project, service exports
The Reserve Bank of India today simplified the procedures for project and service exports, such as deployment of temporary cash surpluses and inter-project transfer of machinery and funds. These measures, first announced in the Mid-Term Review ... More

PUBLIC SECTOR BANKS
Dena Bank up on expansion plans
Why did investors bank on Dena Bank on Monday even as the BSE Bankex and the Bank Nifty dropped over one per cent respectively? Some on Dalal Street has identified this stock, one of the lowest priced in the sector, as future multi-bagger. ... More

FOREIGN BANKS
Barclays Bank to begin commercial operations
To bring in $100 million this year More

INTEREST RATES
Vijaya Bank hikes PLR by 25 bps
Vijaya Bank has increased its prime lending rate by 25 basis points to 11.75 per cent. A bank release said here on Monday that the hike was effective from January 1. The bank hiked its term deposit rates last week by 50-75 basis ... More

GOVT BONDS
Bonds rise on auction cancellation
Bond prices closed about 44 paise higher after the Government, on Friday, cancelled the auction of the Rs 5,000- crore Government paper leaving Rs 4,000 crore to be raised on January 12. Total traded volumes on the NDS ... More

SHORT TERM INSTRUMENTS
Call rates move up
The inter-bank call rate closed higher at 8 - 8.10 per cent (7.60-7.80). Market participants expected the pressure on call rates with the Cash Reserve Ratio hike of 0.25 percentage point coming into effect on Saturday. The ... More

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Cross Currency Rates

Is `investment research' for overseas client `export of service'?

Barclays Bank to begin commercial operations

RBI relaxes norms for project, service exports

ITC in nationwide drive for water conservation

Bandh hits normal life in Bengal

Dept of Post may hive off insurance, real estate

Looking back
Dec. 31-Jan. 6
Fire cover tariffs drop as free pricing kicks in

New round of lending rate hikes

`Consumers expect lower insurance premiums'

ING group in talks with India Post

RBI fiat on property evaluation

Inflation trend on expected lines: Reddy