MONEY & BANKING
FOREX
IT’s rupee strategy
With the rupee on an overdrive, Indian BPO (business process outsourcing) companies are rethinking their strategies because, as exporters of services, these companies earn their revenues predominantly in dollars. “The Indian rupee ...
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CONSUMER FINANCE
Enable registration at showrooms, say auto assns
Chennai, Sept. 22 The Federation of Automotive Dealers Associations (FADA) and the Motor Vehicles & Allied Industries Association (MV&VIA) have reiterated a plea for allowing vehicles to be registered at dealers’ ...
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FINANCIAL INSTITUTIONS
Treasure hunt
IFCI has announced the name of 10 bidders who have expressed their interest to pick up a 26 per cent stake in the institution. Names include General Electric Capital, a consortium of Sterlite Industries and Morgan Stanley & Co and ...
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MORTGAGE
Banks seek tax clarity for reverse mortgage loans
Chennai, Sept 22 The National Housing Bank has written to the Income Tax department, conveying concerns of banks and their customers on a few issues relating to the treatment of loans from reverse mortgage arrangements under the Income Tax ...
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