The Hindu Business Line : Wednesday, July 18, 2007

FOREX
Rising rupee: Exporters look for further relief
New Delhi, July 17 After the announcement of some relief to exporters reeling under the appreciation of the rupee vis-À-vis US dollar on July 12, the exporting community is hoping more mitigating measures against the blows of ... More

Rupee remains range bound
The rupee remained range bound on Tuesday. The domestic currency closed at 40.36/37 against the previous close of 40.35/37. It opened at 40.36/37 and saw an intra-day high of 40.33 backed by strong dollar supplies before ending the day at ... More

INSURANCE
New portal on insurance
Ram Informatics Ltd will be launching InsuranceOnline.com, a portal to cater to the needs of general public, insurance agents, brokers and other professionals. The portal would offer quick policy search, LIC forms, policy serving matters, ... More

FINANCIAL PERFORMANCE
LIC Housing Finance Q1 net up 25%
Mumbai, July 17 LIC Housing Finance has reported a 25 per cent growth in Q1 net profit at Rs 46.7 crore, against Rs 37.46 crore in the corresponding period in the previous year.A press release quoting Mr S.K. Mitter, Chief Executive, ... More

DEBT MARKET
Bonds rise on excess liquidity
Bond prices rose around 40 paise as surplus cash in the system aided the buying sentiment. Total traded volumes on the order matching system were at Rs 13,845 crore (Rs 5,895 crore). “There is excess cash of around Rs 65,000 crore in the ... More

RBI & OTHER CENTRAL BANKS
World Bank debars two Indian firms
Mumbai, July 17 The World Bank has declared Delhi-based Nestor Pharmaceuticals Ltd (Nestor) and Mumbai-based Pure Pharma Ltd “ineligible” to be awarded bank-financed contracts. Both firms were found to have engaged in ... More

CREDIT MARKET
Nabard aims at direct financing to SHGs
As it completes 25 years of existence, the National Bank for Agriculture and Rural Development (Nabard), the apex refinance bank for credit needs in rural areas, is weighing options in direct financing to self-help group federations, ... More

SHORT TERM INSTRUMENTS
Call ends lower at 0.25-0.35%
The inter-bank call rates closed at 0.25-0.35 per cent on Tuesday, lower than the previous close of 0.4-0.5 per cent. The Reserve Bank of India received bids for Rs 1,02,535 crore through the reverse repo window under the two sessions of ... More

FIXED DEPOSITS
Focus on raising low-cost funds, Ministry tells PSBs
High interest rates on short-term deposits remain a major concern More

INTERVIEW
‘Retail base, workforce will help us reach Rs 1.1-lakh cr biz’
Strong points must be tapped for growth, says Bank of Maharashtra CMD More

SECURITY
Beware of proxy servers!
NET BANKING More

SOCIETY & DEVELOPMENT
Fullerton launches CSR initiative
Fullerton India, a non-banking finance company and fully owned subsidiary of Fullerton Financial Holdings, Singapore has launched an environmental health programme called Project Thooimai.The programme, a corporate social responsibility ... More

CO-OPERATIVES
UCBs allowed to act as agents
The Reserve Bank of India will now allow Urban Co-operative Banks to act as agents or sub-agents under money transfer service schemes. Urban Co-operative Banks, who hold an authorised dealer licence (under category I and II), can act as agents or ... More

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