Business Daily from THE HINDU group of publications Sunday, August 03, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING CREDIT POLICY: India Inc has lower profit cushion to service debt Interest burden set to rise further with recent rate hikes. Corporate results for the quarter ended June 2008 suggest that India Inc may now have lower cushion on profits to cover interest obligations. ... PEOPLE: New chiefs for 4 PSBs Executive Directors elevated. New Delhi, Aug. 2 The Government has appointed chief executives for four public sector banks - Allahabad Bank, Andhra Bank, Syndicate Bank and Vijaya Bank. ... PERFORMANCE: LIC’s first premium falls 12% in Q1 Mumbai, Aug. 2 Life Insurance Corporation of India has seen a 12-per cent drop in new business premium in the first quarter of the ... HOUSING FINANCE: Home loan: Will swapping help? I am a Kolkatan working in a public sector company. I am planning to retire in another ten years, at the age of 55. I have two daughters. ... E-COMMERCE & E-BUSINESS: ‘Use e-funds transfer system better’ Customers deserve fair deal, RBI Deputy Governor tells public sector banks. Chennai, Aug 2 Just three banks (two new-generation private banks and one foreign bank) account for 43 per cent of the aggregate business volumes of the National ... FOREX: Panel on financial markets debates FEMA norms The High-Level Coordination Committee (HLCC) on financial markets which met here on Saturday debated FEMA regulations relating to foreign venture capital ... CONSUMER FINANCE: BMW India ties up with ORIX Auto New Delhi, Aug. 2 Luxury carmaker BMW India has inked an agreement with ORIX Auto Infrastructure Services Ltd (OAIS) to provide leasing services for its cars in the domestic market. ... FOREX: Forex reserves down by $504 m Mumbai, Aug 2 Foreign exchange reserves fell by a meagre $504 million, to touch $306.603 billion, during the week ended July 25, according to the Reserve Bank of India’s Weekly Statistical Supplement. This is the second consecutive week ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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