The Hindu Business Line : Monday, October 29, 2007

FINANCIAL SERVICES
US Treasury Secretary Paulson pats Buddhadeb’s investment pitch
Kolkata, Oct. 28 The US Treasury Secretary, Mr Henry M. Paulson, Jr, has praised the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, for the latter’s efforts to encourage big ticket investments in West Bengal. He has also said ... More

Cos keen to tap integrated risk management space
Banks, insurers looking to external vendors, says i-flex arm Reveleus More

INSIGHT
Role and risks of sovereign wealth funds
The latest issue of Finance & Development, an official publication of the International Monetary Fund, has an authoritative article on the rise of sovereign wealth funds — funds owned by State Governments of countries. ... More

FOREX
Rising rupee helps some companies shore up profits
Foreign currency loans turn cheaper More

FINANCIAL PERFORMANCE
Lakshmi Vilas Bank Q2 net up at Rs 5.37 cr
Karur, Oct. 28 Karur-based Lakshmi Vilas Bank (LVB) has recorded a net profit of Rs 5.37 crore in the second quarter ending September 30 of the financial year 2007-08, a 40 per cent increase over Rs 3.83 crore registered during the ... More

SOFTWARE
Virtusa expanding offerings
Virtusa Corporation is expanding its banking, financial services and insurance practice business given the big market opportunity to offer business transformation solutions. “The potential is huge and continues to present ... More

NBFCS
Spandana Sphoorty forays into tractor, dairy finance
Hyderabad, Oct. 28 Spandana Sphoorty Innovative Financial Services Ltd has forayed into tractor and dairy finance and is planning to invest significantly in these sectors. “The micro-finance market in Andhra Pradesh in general, ... More

LIFE INSURANCE
SBI Life Madurai module’s feat
The Madurai module of State Bank of India (SBI) Life Insurance Company Ltd. has become the no.1 module of all the 58 modules of SBI, mobilising a premium of Rs 35 crore in 2006-07. In recognition of the outstanding performance, SBI Life Insurance ... More

Muthoot Capital to sell insurance
More

GENERAL INSURANCE
SBI plans general insurance foray
Mumbai, Oct. 28 State Bank of India plans to enter general insurance early next year and has appointed a consultant, said Mr O.P.Bhatt, its Chiarman. The bank is likely to tie up with a foreign player to set up a joint venture for general ... More

Insurers put riders on corporate health covers
Sub-limits, co-pay options being introduced More

HUMAN RESOURCES
Corpn Bank details HR model
Recruits range from experts to Plus 2 candidates More

FIXED DEPOSITS
TMB hikes term deposit rate
Tamilnad Mercantile Bank (TMB) has hiked the interest rate on domestic term deposits for the tenor period 1 year to 399 days by 10 basis points from October 24.The new interest rate is applicable for both fresh deposits and deposits matured and ... More

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Cross Currency Rates

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
FIPB refers ExlService’s plan to RBI

SBI plans general insurance foray

Fears of DAP shortage unfounded: Govt

Soyabean, groundnut set for record crop

Textile, apparel sourcing set to rise 12%: CII-E&Y report

US Treasury Secretary Paulson pats Buddhadeb’s investment pitch

Jet may start cargo airline

Looking back
Oct. 21-Oct. 27
Bond traders cautious ahead of Credit Policy; shorts in demand

LIC Housing net rises on higher interest income

Managing foreign fund inflows a challenge: Kamath

Rupee tracks stock market gains

IBA to enforce fair practice code for debt recovery

Kotak Bank sees deposit rates falling by 100 bps

Banks told to drop special deposit schemes

Forex reserves up $4.457 b