Business Daily from THE HINDU group of publications
Thursday, September 25, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, September 25, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING TRADE & LABOUR UNIONS: Banking operations severely hit About 9 lakh employees on 2-day strike. Mumbai, Sept. 24 Banking operations were severely affected on Wednesday as nine lakh bank employees went on a two-day nationwide strike in protest against the government policy of encouraging merger of ... INSIGHT: Regulate… in right measure The present crisis in the global financial system is being compared to some of the biggest in history such as the Great Depression of the 1930s. Each new day brings news of another financial institution failing or getting bailed out by ... CREDIT RATING: Indian insurers’ credit ratings seen stable ‘Ownership change likely if foreign partners can’t provide more capital’. Mumbai, Sept. 24 The credit ratings of Indian insurance companies — both life and non-life — are unlikely to be affected in the near future ... CREDIT MARKET: IFC extends $100-million loan to Idea Cellular Spate of telecom investments defies global gloom. New Delhi, Sept. 24 Notwithstanding the slump in the global financial sector, Indian telecom sector seems to be facing no crunch in credit ... FOREX: Rupee weakens The rupee on Wednesday was volatile in a market that saw thin volumes on account of the strike by nationalised banks. The demand for dollars in the spot market, by participants who took advantage of the arbitrage in the overseas ... OVERSEAS INVESTMENTS: Corporation Bank office in Dubai Corporation Bank opened its first ever overseas representative office at Dubai on September 22. A bank release said here on Wednesday that Mr Saeed Abdullah Al-Hamiz, Senior Executive Director of Central Bank of the UAE, inaugurated ... E-COMMERCE & E-BUSINESS: ICICI Bank customers have problems with ECS mandate Resent being branded defaulters for no fault of theirs. Hyderabad, Sept. 24 Mr Prasad Rao, an employee of BHEL, was busy with guests at his daughter’s first birthday ... CREDIT CARDS & DEBIT CARDS: Citi India card for corporate clients Mumbai, Sept. 24 Citi India has launched Citibank Commercial Cards, an expense management tool for corporate ... GOVT BONDS: Bond prices crash Bond prices crashed by Rs 1.20, following the sudden announcement of auction of government securities for Rs 10,000 crore, said dealers. The announcement for auctions of 7.94 per cent-13 year-2021 paper worth Rs 6,000 crore and the 8.28 per ... SHORT TERM INSTRUMENTS: Call rates end lower Call rates closed lower at 10-10.25 per cent, against the previous close of 12.0-12.25 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 37 bids worth Rs 54,430 crore. There ... INTEREST RATES: ‘Interest rates may not come down soon’ Chennai, Sept. 24 Noted economist and Member of Parliament (Rajya Sabha), Dr C. Rangarajan, has said he did not see any scope of interest rates softening in the near future, though they may not ... PEOPLE: StanChart appointment New Delhi, Sept. 24 Standard Chartered Bank on Wednesday announced that it has elevated Mr Hemant Mishr to Head of Global Markets, India. Mr Mishr assumes this responsibility after having led the bank’s Financial Markets Sales division ...
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