MONEY & BANKING
FINANCIAL SERVICES
Visa in talks with insurers
Offers money transfer service to pay agents’ commission
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FOREX
Rupee ends the day with a sharp rise
Mumbai, Oct. 3 The rupee rose to a fresh nine-year high of 39.58, with most of the gains coming in during the last one hour of trade. Foreign exchange dealers said that the rupee witnessed a steep gain during the latter part of the trading ...
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Govt may absorb rupee funds
New Delhi, Oct. 3 The Government has hinted that it could absorb more rupee funds from the market so as to indirectly help the RBI rein-in the appreciating rupee. The Finance Minister, Mr P. Chidambaram, said that the Government would review ...
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Rising Re: ‘BPOs, small cos under pressure’
Impact more as they have less levers to act on: Nasscom
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Rupee closes at 39.58
The rupee rose to a fresh nine-year high of 39.58 against the greenback on Wednesday backed by good dollar supplies. The currency opened at 39.85 and saw an intra-day low of 39.88/89 before closing at 39.58, about 26 paise up from the previous ...
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HOUSING FINANCE
More banks lower home loan rates
Bangalore, Oct 3 Canara Bank has reduced the rate of interest on fresh housing loans by 50 basis points A Canara Bank release said for loans with tenures up to 5 years up to Rs 20 lakh, the rates have been fixed at 10.25 per cent. For ...
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GENERAL INSURANCE
AP deals buoy Star Health premium flow
Chennai, Oct. 3 Star Health and Allied Insurance has reported a Rs 100-crore premium income for the April-June period of the current financial year, thanks to the company being chosen as the insurer for two social insurance schemes sponsored ...
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PUBLIC SECTOR BANKS
CanBank `Krishi Mitra Cards'
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Coins exchange scheme
In view of the shortage of coins in Mangalore, Corporation Bank has arranged for the exchange of small coins for public at its Car Street Branch here. A bank release said on Wednesday that the coins will be exchanged between 9.30 a.m. and 11 a.m. ...
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GOVT BONDS
Bond prices up 15 paise
Bond prices rose by around 10-15 paise spurred on by the excess liquidity in the system.Total traded volumes on the order matching system were at Rs 3,235 crore (Rs 1,505 crore). Dealers said that excess cash of around Rs 53,000 crore in ...
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CREDIT MARKET
Evolution of financing in Bollywood
‘It was never easy to get funding those days’
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SHORT TERM INSTRUMENTS
Call rates close at 6.10%
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