The Hindu Business Line : Monday, June 04, 2007

INSIGHT
China's smart strategy of investing in US private equity
In what is seen as a master-stroke, China's new investment agency, set up to manage its forex reserves, is investing $3 billion into the US' largest private equity firm as a limited partner. S. VENKITARAMANAN explains how this addresses China's conc erns about investing its reserves proactively and also reduces the US' fears that China may entirely move out of the dollar. More

FOREX
Govt formulates scheme to help exporters hedge
It is not quite clear what exactly the Ministry of Commerce has in mind, but the Commerce Secretary, Mr G.K. Pillai, is talking in terms of the Government giving Indian exporters some help in hedging against the appreciation of the rupee. "You ... More

Dollar to decide gold price direction
Geopolitical considerations would continue to impact the market More

DEBT MARKET
Receding inflation softens bond yields
But, oil price worries dog financial markets More

FIXED DEPOSITS
Andhra Bank raises rates
Andhra Bank has upwardly revised the rates of interest on NRE term deposits effective from June 1. According to the NRE term deposits for maturity periods of one year and above, and less than two years will now be 5.39 per cent ... More

ALLIANCES & JOINT VENTURES
TMB, UAE Exchange Centre tie up
Tamilnad Mercantile Bank (TMB) has signed up with UAE Exchange Centre LLC, Abu Dhabi, for money transfer services. The arrangement, which comes into effect immediately, enables NRIs in the Gulf to remit funds to India by sending ... More

INTERVIEW
Rupee in the driver's seat!
To old-timers, it used to be unthinkable that the venerable US dollar would ever see the blues. But that has been happening, for quite sometime now. "There are academic debates, as to how long can the greenback can continue to be the most ... More

SOCIETY & DEVELOPMENT
SBI's initiative a big hit among jail inmates
"I have always loved doing art-work. Now with this training I can do what I have always wanted to... " More