The Hindu Business Line : Wednesday, August 08, 2007

FOREX
Rupee closes flat on dollar buying
The rupee ended flat at 40.41-42 against the dollar on Tuesday against the previous close of 40.41. The rupee opened at 40.35-36, which was also the intra-day high and closed at 40.41-42. It opened strong due to the recovery in domestic stock ... More

LIFE INSURANCE
Birla Sun Life expands capital base
Birla Sun Life Insurance has infused additional capital of Rs 105.50 crore into its capital base. The capital base of the company stands at Rs 777 crore as of July 31. The additional capital will help expand the company’s distribution ... More

GENERAL INSURANCE
Disputes over mediclaims settlement on the rise
Hyderabad, Aug. 7 Complaints pertaining to settlement of mediclaims by health insurance companies are on the rise, according to the data available with the Insurance Ombudsman. Also complaints relating to issues such as lack of ... More

CREDIT RATING
Moody’s rating too conservative
Chennai, Aug. 7 Negative marks for a country which runs a deficit in its national accounts is almost an axiom with the rating agencies. The closest analogy to this in the world of macroeconomics is the circumspection with which a ... More

DEBT MARKET
‘Liquidity glut in debt markets can hit common investor’
Hyderabad, Aug. 7 The recent liquidity glut in the global debt markets, including that of India, may hit ordinary investors like pensioners , according to Prof Raghuram Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, ... More

HUMAN RESOURCES
SBI’s HR plan to gain market share
State Bank of India is looking at an increase of ‘at least one percentage point’ market share to 11 per cent in the current fiscal with the rolling out of ‘Project Parivartan,’ an HR programme targeted at clerical staff ... More

INTEREST RATES
Ben Bernanke’s moment of truth?
It’s crunch time for the Federal Open Market Committee (FOMC). The US interest rate-setting body met on August 7. Every one of the economists surveyed before the meeting thought there would be no change in interest rates.So what ... More

ICICI Bank cuts rates on short-term deposits
Mumbai, Aug. 7 A day after the country’s largest lender, State Bank of India cut interest rate on deposits of short term maturities, ICICI Bank has reduced the rate on its short-term deposits by 25 basis points on deposits for tenors ... More

CREDIT MARKET
The most sought-after corporate borrowers!
They can make banks lend at fine rates More

Vijaya Bank sets target for Kerala
Kochi Aug. 7 Vijaya Bank plans to open five more branches and take the total business volume to Rs 1,700 crore in Kerala, up from Rs 1,470 crore attained last year. Addressing a press conference here, Mr Prakash P. Mallya, Chairman and ... More

SHORT TERM INSTRUMENTS
Certificates of deposit rates crash to 8%
Credit growth slowing even as deposit accretions continue More

Call rates close tad higher
The inter-bank call rates closed at 6.10–6.30 per cent on Tuesday against the previous close of 6-6.10 per cent. “There is comfortable liquidity in the system,” said a dealer with a private bank. In the first one-day reverse ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Postal financial services are developing at a rapid rate

Disputes over mediclaims settlement on the rise

India becomes fifth largest crude steel producer

Import of sensitive items up 11.6% in Q1

Ben Bernanke’s moment of truth?

The most sought-after corporate borrowers!

RINL studying integrated transport network

Looking back
Jul. 29-Aug. 4
Bhatinda refinery: SBI team lending Rs 7,793 cr

Banks await cues for raising average maturity profile of investments

United India Insurance posts 24% growth in net

‘Monetary policy will have marginal impact on PSBs’

Technical glitches hit motor third party data transfer

The RBI’s silent signals

CRR hike: Deposit rates may take a hit

Rupee gains; ‘bound to strengthen further’

‘A flatter yield curve is in offing’

Education loans may come with life cover