The Hindu Business Line : Thursday, May 24, 2007

FINANCIAL SERVICES
Capgemini forms strategic business unit for financial services
Capgemini, a player in the consulting, technology and outsourcing services, today announced the formation of a Financial Services Strategic Business Unit (FS SBU) with Kanbay International Inc. This unit has evolved from the recent acquisition ... More

INSIGHT
A new role for the ADB
The Asian Development Bank should focus on how best it can reduce poverty. While the Bank may work for Asian currency cooperation and other regional collaborations, these can dilute the ADB's focus of helping individual countries that still need its help. K. SUBRAMANIAN looks at the tasks ahead for ADB in the context of the southern shift in economic balance. More

FOREX
Trading at the forex margins
A plethora of small steps have been taken towards fuller Capital Account Convertibility, by easing further the restrictions on capital outflows. A bold move towards a liberalised remittance scheme allows remittances up to $100,000 per financial ... More

`Indian exporters can actively start invoicing in rupees'
"Companies must try and ensure that foreign revenues are retained abroad to fund cash outflows overseas.'' More

Rupee ends flat
The rupee ended flat on Wednesday. The home currency opened at 40.55/57, traded in a range of 40.53-40.61 and finally closed at 40.57/58 against the previous close of 40.57 on Tuesday. The rupee strengthened to 40.53 on strong ... More

FINANCIAL PERFORMANCE
PNB Q4 net down 17% on higher provisioning
Full-year profit up; equity offering planned More

GOVT BONDS
Bond prices shed 20 paise
Bond prices on Wednesday fell by around 20 paise ahead of the Rs 8,000-crore government security auction on Friday. Total traded volumes on the order-matching system were at Rs 2,090 crore (Rs 2,280 crore). "Prices fell as ... More

SHORT TERM INSTRUMENTS
Call rates close at 7.7-7.8%
Call rates ended at 7.7 per cent to 7.8 per cent on Wednesday against the previous close of 7.6-7.8 per cent. There were no repo and reverse repo bids in the first liquidity adjustment facility. "During the day, call was at ... More

INTERVIEW
`High expenses, claims stopping us from making underwriting profit'
We'll review our capital requirements in Oct: Royal Sundaram More