The Hindu Business Line : Monday, May 26, 2008

INSIGHT
ADB: Fighting for survival, but losing focus
It is difficult to decide whether the Asian Development Bank (ADB) is fighting for its survival or for a new identity. It seemed it had more relevance in the earlier decades. There was goal congruence among major donors Japan and the US, even if ... More

LIFE INSURANCE
LIC to invest Rs 400 cr in 50-storey office building
Kolkata, May 25 LIC will be investing an estimated Rs 400 crore, including the land cost, in constructing a 50-storey office building, the tallest in Eastern India, Mr R.R. Dash, LIC’s Zonal Manager, said here. LIC had won the ... More

PUBLIC SECTOR BANKS
Union Bank adopts 101 villages
The Union Bank of India has adopted 101 villages across the country under its ‘Union Adarsh Gram’ initiative. The initiative was launched by the Finance Minister, Mr P. Chidambaram, at the inauguration of the bank’s branch and ... More

FINANCIAL INSTITUTIONS
IDBI’s 500th branch
More

GOVT BONDS
Yields harden on fears of fiscal slippages, inflation woes
Outlook for bonds dim; limited scope seen for monetary policy intervention More

CREDIT MARKET
BoB loans for wet grinder makers
Bank of Baroda has launched a scheme for financing wet grinder manufacturing and assembling units here. Its Executive Director, Mr V. Santhanaraman, who was here to launch the product said, financial assistance would be provided under the scheme ... More

CREDIT CARDS & DEBIT CARDS
Deutsche Bank’s credit card marketing efforts pay off
Chennai, May 25 Deutsche Bank has managed to sell nearly half a million credit cards in the country in 18 months, Mr Shameek Bhargava, Managing Director & Head of Cards’ Asia-Pacific, Deutsche Bank, said.He said that the ... More

OVERSEAS INVESTMENTS
Bank of Baroda plans 10 more offices abroad
Mangalore, May 25 Bank of Baroda, which has a strong international presence with 71 offices in 25 countries, is planning to expand its overseas presence by adding 10 more offices and branches during the current fiscal. The bank is looking at ... More

TRENDS
Window of opportunity
Islamic banking seems a promising opening for domestic tech players looking to offset the impact of the US slowdown. eWorld takes stock. More

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Cross Currency Rates

Radar: Resources elsewhere
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ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
People's car

P-Note blues

Other Top Stories
‘We are seeing good growth in Indians wanting to travel abroad’

Bearish trend in zinc to continue

Yields harden on fears of fiscal slippages, inflation woes

Tea exporters earn Rs 515 cr less in 2007-08

Strategy to stave off oil crisis

Looking back
May. 18-May. 24
Accounting standards on disclosure of financial instruments receive nod

Yields firm on surging oil prices, tightening liquidity

Biometric card for remote rural areas

Improved NPA recovery helps Bank of Baroda

In defence of Alan Greenspan

Forex reserves rise by over $1 b

No doubts on waiver scheme, says PNB chief