The Hindu Business Line : Thursday, May 17, 2007

FINANCIAL SERVICES
Panel seeks detailed talks on National Payment Corp
The Standing Committee on Finance has urged the Government to hold detailed consultations on the proposed National Payment Corporation of India (NPCI), which is expected to take over the operations of retail payment systems in the country. The ... More

FOREX
Re strengthens against dollar
The rupee strengthened by about 19 paise on Wednesday. A currency dealer said large dollar selling by a leading private sector bank has aided the rupee gain strength. The domestic currency closed at 40.78 a dollar against the ... More

Intervention in currency market small: Rakesh Mohan
`Liquidity management has been a challenging task' More

NBFCS
L&T Finance picks Nucleus solution
L&T Finance Ltd, a non-banking finance company and wholly owned subsidiary of Larsen and Toubro, has selected Nucleus Software's flagship solution — FinnOne TM Customer Acquisition System — for implementation at its central office in More

CREDIT RATING
Bank of Baroda, D&B sign pact
Bank of Baroda and Dun & Bradstreet (D&B) have signed an agreement under which D&B will assign ratings to the bank's small-scale industry (SSI) customers. Under the arrangement, Bank of Baroda will refer its existing and prospective SSI More

FINANCIAL MARKETS
`London Mayor visit will boost plans for global financial hub'
Delegation to visit Delhi, Kolkata, Mumbai to share experiences More

FINANCIAL INSTITUTIONS
`Indian FIs keen on joint ventures in France'
"Indian banks and financial institutions are showing increasing interest in French companies for joint ventures, but it is too early to name them yet," said Mr Arnaud de Bresson, Managing Director, Paris EUROPLACE, at a FICCI Conference on ... More

Global Trade plans to raise over Rs 7,000 cr
Reports 117% growth in full-year net profit More

GOVT BONDS
Bond prices rise
Bond prices rose by around 10 to 20 paise on Wednesday as the cut-off yield for the Rs 6,000-crore auction was perceived by dealers as favourable. Total traded volumes on the order-matching system were Rs 6,535 crore (Rs 3,550 ... More

SHORT TERM INSTRUMENTS
Call rates end at 8.75%
Call rates ended at 8.5-8.75 per cent against Tuesday's 8.75-9 per cent. Banks borrowed more than Rs 21,000 crore through RBI's repo window. In the first one-day repo auction under LAF, the RBI received and accepted 15 bids ... More

TRADE & LABOUR UNIONS
General insurance officers oppose IPO move
The General Insurance Officers All-India Association has opposed the public sector insurer's move for an initial public offer (IPO). "The disinvestment in PSU insurance is against the assurance given by the Union Government while moving the ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Haier India chalking out plans for production facility

Remittances versus FDI/FII — Hats off to the emigrant worker

`Increase in per capita offtake of tea, coffee needed'

No service tax on entry, exit loads charged by MFs

Re strengthens against dollar

India plans air services talks with Russia

Raja gives top priority to rural telephony

Kamal Nath to take up visa issue with US

Looking back
May. 6-May. 12
`Startling' portion of India's new reserves in US treasuries

Rupee ends flat; touches intra-day high of 40.54

Garment exporters worried over rising rupee

Syndicate Bank's full-year net rises 33% to Rs 716 cr

`Rising rupee has not hit remittances'

External commercial borrowings touch $3 b in Feb

Life insurers stop picking up mortgage-securitised papers

Forex reserves down $126 m