The Hindu Business Line : Thursday, September 20, 2007

FINANCIAL SERVICES
TVS group sets up private equity fund to focus on mid-cap, family-owned companies
Chennai, Sept. 19 The TVS Group has set up TVS Capital Funds Ltd, which will make late-stage investments in private companies and in mid-cap, family-owned businesses across sectors in India. TVS Capital Funds Ltd, an asset management company, ... More

Going strong
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INSIGHT
Market buoyancy shows weak integration at global level
Low correlation draws FIIs; better returns here, though risks are higher More

FOREX
Rupee hits 9-year high on Fed move
Mumbai, Sept. 19 The rupee extended its gains against the dollar on Wednesday and hit 40.20, spurred by the US Federal Reserve’s 50 basis point cut in interest rates.The currency opened at 40.26 and closed at 40.19/20, against ... More

GENERAL INSURANCE
Murli Ind appoints Kadel Insurance
Murli Industries Ltd of Nagpur has appointed Hyderabad-based Kadel Insurance Brokers as their general insurance brokers. Murli Industries, which started as an agro products company, has diversified into paper, solvent extraction and power ... More

RBI & OTHER CENTRAL BANKS

Voices

PUBLIC SECTOR BANKS
Today's Pick: Bank of India (Rs 259.10)
We recommend a buy in Bank of India at current price. The stock has been in uptrend since the July 2006 low of Rs 80. However, after making an all-time high at Rs 276 in July, the stock has been declining. This short-term downtrend got arrested ... More

Union Bank branch in Dharavi
Union Bank of India opened its 2,262nd branch in Dharavi, Mumbai today. Through this branch, the bank will also help the local population in obtaining PAN cards, said a press release from the bank. This is one of the steps taken by Union Bank ... More

GOVT BONDS
Bond yields fall
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CREDIT MARKET
Retail focus helps DCB up margins
Bangalore, Sept 19 The Development Credit Bank (DCB) is targeting a net interest margin (NIM) of three per cent by the end of this financial year.Speaking at a press conference hereon Wednesday, the DCB Managing Director and Chief ... More

SHORT TERM INSTRUMENTS
Call rates end lower
The inter-bank call rates closed at 6.10-6.30 per cent on Wednesday against the previous close of 6.20-6.40 per cent. In the first reverse repo auction, under the Liquidity Adjustment Facility the Reserve Bank of India received and accepted seven ... More

MORTGAGE
India gains as BRIC markets back in vogue
Returns 19% during Aug 17-Sept 19 period More

EVENTS
Financial inclusion in Kottayam
More

CO-OPERATIVES
Urban co-ops can invest only in debt, money market MFs
Mumbai, Sept. 19 Urban co-operative banks (UCBs) will not be permitted to invest in units of mutual funds other than debt mutual fund and money market mutual funds, says a notification from the Reserve Bank of India. The central bank ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

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Rupee hits 9-year high on Fed move

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Drenchers return to pound Gujarat-Mumbai belt

Military Rule and Democracy — How New Delhi should react to neighbourhood regimes

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Looking back
Sep. 9-Sep. 15
Insurers’ support keeps bonds firm

Recovery ratings of NPAs soon

RBI’s Annual Report for 2006-07 — Telling a credible story

Branchless banking – reaching out to remote villages

Fed moves close to rate cut

Retail loans seen driving credit growth: HDFC Bank

Forex reserves rise $1.5 b

LIC targets 31% rise in new biz premium

Intermediate holding co critical for growth: IBA