The Hindu Business Line : Tuesday, February 13, 2007

FINANCIAL SERVICES
Thomas Cook offers money transfer
Thomas Cook India Ltd with LKP Forex will offer Money Gram's money transfer services through its 123 branches effective February 1. Money sent through Money Gram can be received across the network of TCIL and its sub-agent ... More

PENSION PLANS
Insurers on marketing drive for pension plans
Plan series of awareness campaign More

FOREX
Rupee falls against dollar
The rupee dipped against the dollar on Monday as public sector banks kept buying dollars, reportedly on behalf of the central bank. The domestic currency opened at 44.13 and touched an intra-day high of 44.10/11. It then dropped ... More

RBI & OTHER CENTRAL BANKS
World Bank ready to enhance loan assistance
$12 b over the next 3 years; Continued support for lagging states More

FOREIGN BANKS
Indian in pact with German bank
Indian on Monday signed a contract with German bank KfW IPEX, commissioning it for financing the purchase of the first batch of 10 Airbus A-320 aircraft that the airline is to purchase. The 10 aircraft are to be delivered during ... More

GOVT BONDS
Bond prices fall by 20 paise
Bond prices fell by around 20 paise and yields moved up by three basis points on profit booking. "The nervousness in the stock markets got passed on to the bond markets," said a dealer at a private bank. Total traded volumes on ... More

CORPORATE BONDS
Ministry issues Rs 5,000-cr oil bonds
The Finance Ministry has issued special `oil bonds' amounting to Rs 5,000 crore to three oil marketing companies (OMCs). These are the fourth tranche of special bonds and are being issued to OMCs as compensation for selling LPG ... More

SHORT TERM INSTRUMENTS
Call rate steady at 6.5-6.7 %
Call remained unchanged at 6.50-6.70 per cent from the previous close. In the first one - day reverse repo auction under LAF, the RBI received and accepted one bid for Rs 20 crore. In the second one - day reverse repo auction, RBI received ... More

ALLIANCES & JOINT VENTURES
HDFC Bank ties up with Godrej Aadhaar
HDFC Bank has entered into an agreement with Godrej Aadhaar, the agri services and retail initiative of Godrej Agrovet Ltd, to offer agri-credit facility in the rural areas. "Aadhaar customers could avail themselves of banking ... More

M-COMMERCE
Money transfer service on mobiles
Bharti Airtel partners SBI to launch pilot programme More

INTERVIEW
`New biz strategy has helped Bank of India's profitability'
CBS adoption, higher low cost funds behind good show: CMD More

NEW PRODUCTS & SERVICES
IOB launches two products
Indian Overseas Bank today announced the launch of two products — an online broking facility for the bank's customers and a foreign currency pre-paid travel card for overseas travellers. `IOB Insta Invest' is offered in collaboration with ... More

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Top Stories
Analjit keeps options open on hiking stake

Petroleum Ministry seeks excise duty cut on diesel

GHCL acquires US co Best Manufacturing for $35 m

Insurers on marketing drive for pension plans

World Bank ready to enhance loan assistance

Hindalco shares crash 13.74%

Reliance may face further delay in rigs deployment

`New biz strategy has helped Bank of India's profitability'

Looking back
Feb. 4-Feb. 10
`Emerging economies cautious about capital account convertibility'

Farm credit surges to Rs 1,80,486 cr

New pension schemes for Centre, 19 States

Banks opting for refinance facility

Reserves deserve better returns

ABN Amro tops advisory league table

Forex reserves rise $995 m