MONEY & BANKING
FOREX
Stocks tumble as oil touches $100 again
Rupee breaches 40; gold rises to Rs 12,000; Sensex sheds 458 points
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Re breaches 40 on dollar shortage
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SOFTWARE
Infosys launches Finacle version 10
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LIFE INSURANCE
Metlife infuses Rs 350 cr to fund growth plans
Bangalore, Feb. 20 Metlife India Insurance Company Ltd expanded its paid-up equity by Rs 350 crore to Rs 1,230 crore to support its growth for the next financial year.Speaking to reporters here today, the Metlife India Managing ...
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CREDIT RATING
S&P gets nod to set up wholly owned subsidiary
Mumbai, Feb. 20 Standard & Poor’s has received approval from the Foreign Investment Promotion Board to set up a wholly owned subsidiary in India to carry out its business in South Asia. Standard & Poor’s South Asia will ...
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DEBT MARKET
Bleak day for bond market
Bond prices saw only downward movement on Wednesday due to lack of demand from buyers. The reasons for this one-way movement were liquidity shortage, high oil price, inflation worries and announcement of a state loan auction of Rs 6,000 ...
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PUBLIC SECTOR BANKS
Funds get cheaper; SBI drops rates again
Sluggish credit offtake prompts PLR cuts by PSB majors; deposit rates unchanged as of now
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Union Bank bid to cut turnaround time
Project ‘Nav Nirman’ aims at changing the bank’s architecture
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INTEREST RATES
Union Bank, Bank of India cut lending rates by 50 bps
Union Bank pares rates on 3-year term deposits
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GOVT BONDS
Oil bonds may reduce heat of high crude prices
New Delhi, Feb. 20 With the international crude prices once again flirting with the $100 a barrel mark, the oil sector feels that bonds from the Government could be the major balancing factor for the State-owned oil marketing companies (OMCs) ...
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SHORT TERM INSTRUMENTS
Call rates end lower
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FIXED DEPOSITS
Public sector banks raise bulk deposits at 9% plus
Tightening liquidity, deceleration in FII inflows
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PEOPLE
Kamesh Goyal is new Allianz regional CEO
Mumbai, Feb 20 Mr Kamesh Goyal will take over as the new regional CEO of Allianz for the Middle East and North Africa from April 1, 2008. Mr Goyal who is currently the Country Manager for Allianz in India will maintain this portfolio as ...
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