The Hindu Business Line : Wednesday, July 04, 2007

FINANCIAL SERVICES
‘Poor still left out of organised financial system’
Hyderabad, July 3 The Chairman, Economic Advisory Council to the Prime Minister, Dr C. Rangarajan, has underlined the need to modify the country’s credit and financial services delivery system to achieve greater financial ... More

FOREX
80 lakh jobs at risk due to strong rupee: FIEO
‘About $12.5 billion will be lost’ More

Rupee gains 10 paise
The rupee gained by 10 paise on strong dollar supplies. The domestic currency opened at 40.60, touched an intra-day high of 40.44 before closing at 40.54/55, against the previous close of 40.65/66. “The home currency could not sustain the ... More

LIFE INSURANCE
ICICI Prudential, XLRI tie up
ICICI Prudential Life Insurance Company Ltd and XLRI have formed a partnership to launch a specialised course in management and insurance, says a press release. – Our ... More

Sachin Tendulkar batting for Aviva Life
‘Aviva Little Master’ launched to fill gap in child plan market More

DEBT MARKET
Collateralised debt obligations: Toxic Waste
Can a rated bond offer a much better yield than its peers? On the face of it, no. But modern financial engineering has a way of making these things possible. And that has brought to the fore the risks to investors and the system when ... More

RBI & OTHER CENTRAL BANKS
Shift in RBI strategy to fight inflation?
A vigorous debate is on in the economics world on the inflation-fighting credentials of a strong (and appreciating) rupee. One school discounts the idea that a stronger rupee can help lower inflation saying that the pass-through effect from ... More

PUBLIC SECTOR BANKS
SBI’s online share trading facility
State Bank of India plans to formally launch an online share trading facility for its customers in Delhi on Wednesday. This facility would however be available at select branches only. — Our ... More

FINANCIAL INSTITUTIONS
Reliance Capital mulls strategic partnerships
Over Rs 2,000 cr to be infused by Reliance Life in 3-4 years More

GOVT BONDS
Bond prices up on ample liquidity
Bond prices went up by 15 paise and the yields on the 10-year paper fell by about three basis points on profit taking by traders. “The ample liquidity in the system along with the absence of Market Stabilisation Scheme auction has driven ... More

CORPORATE BONDS
Corporate bonds trading
Trading of corporate bonds has gathered momentum on the bourses. As on the second day of trading, the total volume on the BSE has increased more than 10 times to Rs 273.75 crore as against Rs 23.85 crore recorded on Monday. About 24 bonds were ... More

SHORT TERM INSTRUMENTS
Call rates plunge to 1-1.25%
The inter-bank call rates dipped to close at 1-1.25 per cent on Tuesday against the previous close of 6-6.25 per cent. “The central bank’s intervention in the forex market to cap the appreciation of rupee has left the system with ... More

MARKETING
RBI issues norms for engaging telemarketers
“Banks should ensure that telemarketers currently engaged by them register themselves with DoT.” More

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