The Hindu Business Line : Saturday, January 12, 2008

INSIGHT
US-China currency war: Change in the tenor of debate
In last month’s Strategic Economic Dialogue with China, the US Treasury Secretary had lost the moral high ground from which he could sermonise on exchange rates. With the sub-prime crisis having global implications and threatening to slow growt h, the US could no longer blame the Chinese for financial imbalances, points out K. SUBRAMANIAN. More

FOREX
Forex kitty grows $696 m
Mumbai, Jan. 11 The foreign exchange reserves rose by $ 696 million to touch $2.76 billion for the week ended January 4, due to an increase in foreign currency assets.The reserves had increased by $2.837 billion in the previous week ended ... More

Rising Re: Infosys turns focus on Europe
Bangalore, Jan. 11 In an attempt to reduce dependence on US clients for revenues, in the wake of an appreciating rupee, Infosys is looking at other geographies with keen interest. The company sees great potential in the markets of Europe, ... More

HOUSING FINANCE
Dewan Housing to launch road show for QIPs soon
Plans to raise a total of Rs 245 crore More

PRIVATE BANKS
Nasscom, ICICI Bank float closed-ended fund
Mumbai, Jan. 11 IT trade body Nasscom has partnered with ICICI Bank to float a closed-ended fund with an initial corpus of Rs 100 crore for investing in early stage companies and emerging technologies. Christened Nasscom – ICICI ... More

GOVT BONDS
Govt stock auctions
Mumbai, Jan. 11 The Reserve Bank of India has announced auctions worth Rs 10,500 crore under the Market Stabilisation Scheme as well as the regular auction calendar in the next week.The central bank will sell (re-issue) the 11.30 per ... More

SHORT TERM INSTRUMENTS
CD issuances by banks surge in 3 years
Banks find them useful to manage asset-liability mismatch More

FIXED DEPOSITS
Top 100 centres dominate in bank credit and deposit share
Mumbai, Jan 11 Despite the rhetoric of financial inclusion, the top 100 centres in the country dominate in terms of credit and deposit.As per the ‘Quarterly Statistics on Deposits and Credit of Scheduled Commercial Banks – ... More

TRADE & LABOUR UNIONS
Govt calls IBA, unions for talks on Jan 22
New Delhi, Jan. 11 In an apparent bid to ensure that banking operations are not affected by the proposed countrywide strike by bank employees on January 25, the Centre has invited the representatives of the United Forum of Banking Unions ... More

M-COMMERCE
More banks offering value-added services
ICICI Bank launches mobile banking platform More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
‘US economy will bounce back, $ will rise’

AICTE looking into urban-rural divide in biz schools

Trading on Energy Exchange will help realise better price discovery

Gold scales to new high near $900

India to export tobacco to China after 12 years

AI public issue likely in second half of the year: Praful Patel

Nasscom, ICICI Bank float closed-ended fund

ONGC’s exploration campaign may be halted for 6 months

Looking back
Dec. 30-Jan. 5
Recovery agents: Guidelines may open a Pandora’s Box

Bonds soften further on foreign capital inflows

Bank employees to strike work on Jan 25

Market stabilisation scheme may be resumed

Sovereign obligations deemed more risky!

Securitisation market set for higher growth