The Hindu Business Line : Wednesday, October 17, 2007

Lehman bullish on rupee, equity market
New Delhi, Oct. 16 India’s equity market will outperform developed and emerging market indices over the next five years, and the Indian rupee will appreciate significantly against the US dollar.This optimistic prognosis has been ... More

FINANCIAL PERFORMANCE
IDBI net up 12%; other income rises
Small retail network tells on cost of funds More

HOUSING FINANCE
Sub-prime crisis brewing here, warns Tarapore
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LIFE INSURANCE
Intense Tech tool for Bharti AXA
Intense Technologies Ltd in a statement today announced that Bharti AXA Life Insurance has selected Intense Intelligent Enterprise Customer Communication Management Framework that helps the latter in streamlining customer communication. — ... More

FINANCIAL MARKETS
Oil price a global economy risk
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HUMAN RESOURCES
ICICI Group teams up with Manipal Education
To train entry-level managers, probationary officers More

PRIVATE BANKS
ICICI Bank upbeat on pvt banking
New Delhi, Oct. 16 ICICI Bank expects its private banking business to maintain the current growth tempo this fiscal too on the back of growing interest among entrepreneurs to segregate private wealth and business wealth.In fiscal 2006, ... More

South Indian to vend HSBC MF products
Kochi, Oct. 16 South Indian Bank and HSBC Asset Management Company have entered into an agreement for the distribution of the entire bouquet of HSBC Mutual Fund products through all the 485 core banking branches of the bank, spread over 23 ... More

PUBLIC SECTOR BANKS
Union Bank to add 200 branches
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BoB ties up for MF distribution
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FOREIGN BANKS
Bank of America expands here
Bank of America has announced a capital infusion of Rs 330 crore ($83 million) into its India operations. The capital infusion will strengthen the capital adequacy ratio and will boost the bank’s total capital base to Rs 2,029 crore. With ... More

FINANCIAL INSTITUTIONS
Power sector financiers for changes in bidding norms
Seek tariff band to be used as the guideline More

GOVT BONDS
Bond market lacklustre
The bond market was lacklustre as there was not much interest in trading, said bond dealers. “There was no change since yesterday and no external factors either affecting the market. Although liquidity was comfortable, volumes were subdued. ... More

SHORT TERM INSTRUMENTS
Call rates close at 6.10-6.20%
The inter-bank call rates closed at 6.10-6.20 per cent on Tuesday. In the first one-day reverse repo auction under the Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 21 bids for Rs 34,215 crore. There was no repo ... More

NEW PRODUCTS & SERVICES
ICICI Bank launches new service
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