The Hindu Business Line : Tuesday, June 24, 2008

FINANCIAL SERVICES
YES Bank focusing on advisory services
Coimbatore, June 23 YES Bank “is constantly on the look out to identify gaps in the market and develop them,” according to Mr Somak Ghosh, Group President (Corporate Finance & Development and Knowledge Banking).Mr Ghosh ... More

INSIGHT
Where are you Roger Bootle?
Roger Bootle’s Death of Inflation was a best seller in the mid-90s. His argument about the reality of zero inflation eras was both provocative and persuasive. It was a Goldilocks background at that point in time ... More

FOREX
Is crude price logic not just crude logic?
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Rupee down marginally
The rupee ended about five paise lower than the dollar, in a market that hardly saw movement. The rupee opened and closed at the same level of 42.97, slightly lower than Friday’s close of 42.92/95. “There was no movement in the spot ... More

NBFCS
Manappuram Fin board okays pref allotment to FIIs
Kochi, June 23 The Board of Manappuram General Finance and Leasing has approved the conversion of preference capital amounting to Rs 46.80 crore into equity shares in favour of the Mauritius-based FIIs, Hudson Equity Holdings and Sequoia ... More

LIFE INSURANCE
IDBI Fortis ties up with Manappuram Finance
IDBI Fortis Life Insurance Company Ltd and the Thrissur-based Manappuram Finance have announced an alliance to provide wealth building and insurance products to customers in Kerala by signing a distribution agreement here.Mr G.V. ... More

FINANCIAL MARKETS
Tight liquidity stays RBI hand
Chennai, June 23 For a little over a week, both the debt and equity markets have been in a state of suspense about an impending hike in rates as a consequence of double-digit inflation. There has been an expectation of a repo rate hike and a ... More

PUBLIC SECTOR BANKS
Shareholders okay Syndicate Bank’s QIP issue proposal
Manipal, June 23 The ninth annual general meeting of Syndicate Bank has given its approval for the qualified institutional placement (QIP) of eight crore equity shares at an appropriate time. Speaking at the AGM here on Monday, Mr ... More

BoM presents dividend cheque
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GOVT BONDS
Bonds end lower in volatile trade
Bond prices were volatile as they fell by around 85 paise during the day but recovered to close 10 paise lower than the previous close. Total traded volumes on the order matching system were at Rs 1,835 crore. Dealers said that prices were ... More

CREDIT MARKET
Small borrowings boost per capita income
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Corporates draw down on credit lines to avert rate risks
Banks may raise BPLR by about 50 bps More

SHORT TERM INSTRUMENTS
Call rate ends at 8-8.25%
The inter-bank call rate ended at 8-8.25 per cent, against the previous close at 8.10-8.20 per cent. In the one day reverse repo auction under the liquidity adjustment facility, the RBI received and accepted 25 bids for Rs 32,215 crore. There ... More

CREDIT CARDS & DEBIT CARDS
Linkwell Tele develops POS terminal
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FIXED DEPOSITS
OBC relief for senior citizens
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