MONEY & BANKING
FOREX
Rupee closes higher
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INSURANCE
Promoters of insurance cos can do brokerage too: IRDA
Hyderabad, April 4 Corporate houses which promote an insurance company can now foray into insurance broking as well without any regulatory hassles. Keeping in view the international experience and practice, the Insurance Regulatory and ...
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NBFCS
Shriram City Union Fin to raise Rs 400 cr thru pref allotment
Chennai, April 4 Shriram City Union Finance Ltd (SCUF) has announced that it would raise Rs 400 crore through preferential allotment of equity shares and optionally convertible warrants. The board of directors of the company met on ...
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GOVT BONDS
Bond prices down 60 paise
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CREDIT MARKET
SBI loan product for pharma SMEs
To meet mandatory green norms
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SHORT TERM INSTRUMENTS
Call rates lower
The inter bank call rate closed at 4.25-4.50 per cent, against the previous close at 5- 5.50 per cent. In the three-day reverse repo auction under the liquidity adjustment facility, the RBI received 34 bids for Rs 37,950 crore. There were no repo ...
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EVENTS
Balance growth and inflation, says Kamath
Mumbai, April 4 The Indian industry needs to grow, but inflation is a challenge and there is a need to maintain a balance between the two, said Mr K.V. Kamath, Managing Director and Chief Executive Officer, ICICI Bank. The high commodity ...
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OUTLOOK
Bankers readying for wider repo rates band
Large inflows due to low credit offtake, advance tax collections
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