Business Daily from THE HINDU group of publications
Friday, August 15, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, August 15, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING FOREX: Importers unwinding forward dollar cover Rupee’s rise, oil price fall prompt move. Bangalore, Aug. 14 Importers have begun unwinding their forward cover with the rupee’s appreciation against the US ... INSIGHT: A case against inflation targeting The Raghuram Rajan Committee’s report on financial sector reforms has generated a lot of interest. While the committee has made several useful recommendations on micro aspects of financial sector policy, the one aspect that seems to have ... PRIVATE BANKS: Lakshmi Vilas Bank AGM passes modified QIP motion Offer price should not be less than 2.5 times of book value. Chennai, Aug. 14 A resolution of Lakshmi Vilas Bank to raise funds through issue of shares to qualified institutions was passed by shareholders on Thursday at the annual general ... FOREX: Rupee breaches 43 The rupee depreciated by 37 paise against the greenback on Friday, as sustained dollar buying caused the home currency to breach the psychological 43-mark. The domestic currency opened lower at 42.85/86 and fell further to cross the 43-mark. It ... TRADE & LABOUR UNIONS: Co-op bank staff to back strike The All-India Co-operative Bank Employees’ Federation (AICBEF) has decided to extend its support to the August 20 nationwide strike call given by bank employees. The AICBEF General Secretary, Mr P. Balakrishnan, said the employees working ... SHORT TERM INSTRUMENTS: Call rates end lower Call rates ended substantially lower at 8.35-8.50 per cent, against the previous close of 9.30-9.35 per cent. In the four-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 24 bids worth Rs 26,130 ... GENERAL INSURANCE: Flagstone Reinsurance Scouting for partners Plans general insurance foray. Hyderabad, Aug 14 Bermuda-based Flagstone Reinsurance Holdings Ltd is planning to foray into the Indian general insurance market by partnering with a financial services provider. It plans an initial investment ... GOVT BONDS: Bond prices decline The bond market saw another bout of selling in anticipation of higher inflation numbers. Total traded volumes on the order matching system were at Rs 5,405 crore (Rs 6,945 crore). Market participants began selling as they expected to inflation to ... FIXED DEPOSITS: Karur Vysya hikes deposit rates Karur Vysya Bank has effected an upward revision of 50 basis points on the rates offered on term deposits in time buckets ranging from 181 days to 3 years, from August 11. The interest on deposits for periods from 181 days but less than 1 year ...
FIXED DEPOSITS:
Union Bank hikes deposit rates Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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