The Hindu Business Line : Wednesday, November 21, 2007

FOREX
Global economy direly needs antidote
A convincing and significant fall in oil price is a prerequisite for sustained market confidence and global growth More

Re weakens on bearish market
The rupee slightly weakened against the dollar tracking the weakness in domestic and international stock markets. The home currency opened at 39.38/40 and touched an intra-day low at 39.43. It bounced back later to end at 39.36/37, against the ... More

HOUSING FINANCE
Dewan Housing to pick up 19.9% in Wadhawan Food
Dewan Housing Finance Corporation Ltd has informed the BSE that the board of directors of the company at a meeting on November 20 considered and approved the proposal of investment in Wadhawan Food Retail Pvt Ltd (WFRPL) by subscribing to 4.98 ... More

LIFE INSURANCE
Angel Broking to vend Birla Sun products
Mumbai, Nov. 20 Birla Sun Life Insurance Company Ltd has entered into a distribution alliance with Angel Broking. The broking firm will sell Birla Sun Life’s Insurance Plans as its corporate agent, through its network of more than ... More

PUBLIC SECTOR BANKS
SBI offers e-trading service
State Bank of India has tied up with its wholly owned subsidiary SBICAP Securities Ltd for providing e-trading services to its customers, the bank said in a notice to the BSE today. SBI already provides online trading through ‘eZ-trade@sbi, ... More

INTEREST RATES
United Bank cuts term deposit rates
United Bank of India has announced downward revision of interest rates on domestic term deposits of certain maturities, according to a press release issued by the bank. With effect from November 19, the rate of interest on term deposit for three ... More

GOVT BONDS
Liquidity drives bond prices down
Bond prices fell by two paise on concerns of tight cash conditions in the system. The yields, however, remained unchanged. The total traded volumes on the order matching system were at Rs 2,895 crore (Rs 1,620 crore). “The overall sentiment ... More

SHORT TERM INSTRUMENTS
Call rates remain firm
The inter-bank call rates closed almost unchanged at 7.7-7.85 per cent against the previous close of 7.75-8 per cent. In the first one-day repo auction under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 10 bids ... More

INTERVIEW
‘The dollar is being undervalued’
Mumbai, Nov. 20 Interview with Professor Anant Sundaram, Faculty Director of Executive Education, and a professor of finance at the Tuck School of Business at Dartmouth College.On rupee appreciation:More than ... More