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Sunday, August 03, 2008
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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 ...





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Markets (Aug 02)
Nifty (at close)4414.05 (+81.10)
US Dollar (Buy/Sell)42.35/36
Brent crude (per bbl) Rs5,206
Gold (per gram) Rs1,164
Silver (per gram) Rs26.35

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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

Other Top Stories
DoT to seek more spectrum from Defence forces for Delhi, Mumbai

‘Affordability key to 3G adoption’

Forex reserves down by $504 m

Hyde Act provisions shaping nuclear deal, says CPI(M)

Looking back
Jul. 27-Aug. 2
Bond yields soften on easing global oil prices

RBI likely to be on hold

HDFC Bank net rises to Rs 464 cr

A fight against rising inflation

Negative surprise shocks market participants

Lending rate hike inevitable: Bankers

‘Rising credit card defaults worrisome’

Capital adequacy norms for NBFCs hiked to 12%



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