The Hindu Business Line : Tuesday, September 30, 2008

MONEY & BANKING

FINANCIAL MARKETS: Rupee breaches 47
Mumbai, Sept. 29 The meltdown in the equity market and strengthening of the dollar in the global markets had its impact in the local currency market on Monday. The rupee breached the psychologically important 47-mark against the dollar ...

PUBLIC SECTOR BANKS: Indian Bank (Rs 119.40): Sell
We recommend a sell in Indian Bank from short-term perspective. It is clearly apparent from the charts of Indian Bank that it had been on a medium-term uptrend between mid July and early September from Rs 78 (a 52-week low) to a high of Rs ...

MERGERS & ACQUISITIONS: Wachovia impact: IT vendors on ‘wait-and-watch’ mode
Bangalore/New Delhi, Sept. 29 There’s more trouble brewing for the Indian IT and BPO vendors as Wachovia Corp, the sixth largest bank in the US, becomes the latest victim of the financial turmoil. Citigroup is acquiring Wachovia for ...

FOREX: Declining rupee inflicts further damage on FIIs
Kolkata, Sept. 29 FIIs, who are selling equities on Dalal Street now, are incurring additional losses over market ...

RBI & OTHER CENTRAL BANKS: Adjustment aid mooted to tackle free trade impact
ADB could create a window for industries hit by FTAs: Minister. New Delhi, Sept. 29 Asian Development Bank (ADB) could create an adjustment assistance window for industries that are impacted by free trade agreements (FTAs) and under threat of a ...

STOCKS: Banking stocks shed points on uncertainty
ICICI loses heavily on BSE Bankex and Sensex. Mumbai, Sept. 29 Indian banking stocks fell substantially on Monday, as investors turned wary in the wake of happenings in the banking and financial ...

PRIVATE BANKS: ICICI Bank’s overseas exposure is ‘investment grade’
Mumbai, Sept. 29 ICICI Bank, the largest private sector lender in the country whose shares suffered heavy hammering on the bourses, on Monday allayed fears over its ...

CREDIT MARKET: Tight retail finance, inflation dampen auto festive outlook
New Delhi, Sept. 29 With the festive season round the corner, the combination of tight finance and high food plus commodity prices is making automobile dealers wary of sales during this peak season. While automobile companies are banking ...

RIGHTS ISSUE: CSB rights issue: HC annuls order
Kochi, Sept. 29 The Kerala High Court on Monday quashed an order of a court in Thrissur restraining the Catholic Syrian Bank from proceeding with a ...

PRIVATE BANKS: SIB Excellence Award
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LIFE INSURANCE: IDBI Fortis Life allays fears
Mumbai, Sept. 29 The partial nationalisation of the Belgian-Dutch banking and insurance group Fortis will not have any impact on IDBI Fortis Life Insurance Company, Mr G. V. Nageswara Rao, MD and CEO of IDBI Fortis Life Insurance ...

INFORMATION TECHNOLOGY: RBI to centralise electronic clearing operations
Mumbai, Sept. 29 The Reserve Bank of India inaugurated the National Electronic Clearing Service (NECS) in Mumbai on Monday to centralise the Electronic Clearing Service (ECS) operation and bring in uniformity and efficiency to the system, said ...

DEBT MARKET: Bond prices decline
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FINANCIAL MARKETS: RBI discusses liquidity concerns with IBA
Mumbai, Sept. 29 The meeting between the Indian Banks’ Association and the Reserve Bank of India officials, ahead of the monetary policy, on Monday, focused on liquidity and the global financial developments which could have an impact ...

SHORT TERM INSTRUMENTS: Call rates spurt
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