The Hindu Business Line : Wednesday, November 19, 2008

MONEY & BANKING

FINANCIAL MARKETS: Difficult to cut prices: India Inc
New Delhi, Nov. 18 The Finance Minister, Mr P. Chidambaram’s call to India Inc to slash prices of products in order to spur demand was met with lukewarm response from industry captains. Automobiles, real estate, airlines and hotels ...

GENERAL INSURANCE: No fresh credit risk cover for vendors of US auto giants
Credit rating of US auto industry deteriorating. The Export Credit Guarantee Corporation (ECGC) has frozen issue of fresh credit risk insurance (CRI) cover to Indian component vendors of US auto giants General Motors, Ford Motors ...

OUTLOOK: ‘RBI likely to take more monetary measures’
Repricing of credit only when there is enough liquidity: Kamath. New Delhi, Nov. 18 If the decline in inflation continues, it will bring in stability and lend confidence to the banking system to reduce lending rates, the Managing Director, ICICI ...

TECHNICAL ANALYSIS: Rupee to re-test 50
Foreign exchange markets were in a state of turmoil over the past week as the list of countries slipping into recession kept growing ...

CREDIT MARKET: RBI steps not a certainty to banks increasing lending
RBI’s measures announced recently may help reduce capital adequacy requirements for banks and help them lower their provisioning, should they choose to ramp up lending to sectors such as NBFCs, real estate and SMEs, to drive ...

SHORT TERM INSTRUMENTS: Call rate ends lower
Call rates closed lower at 6.50-6.75 per cent, as against the previous close of 6.90-7 per cent. In the one-day repo auction under the first LAF, the RBI received and accepted 1 bid for Rs 2,000 crore. In the one-day reverse repo auction under ...

GOVT BONDS: Bonds gain on rate cut hopes
Bond prices gained by 36 paise on Tuesday on expectations of a cut in repo and reverse repo rates. There was a lot of buying interest in the market resulting in higher volumes, said a dealer with a private bank. Total traded volumes on the ...

STOCKS: Selling at bank counters continues; private players worst losers
‘Dumping began when RBI did not cut interest rates’. Mumbai, Nov. 18 The selling at the banking counters continued into Tuesday, despite several announcements from Reserve Bank of India that it intended to improve liquidity ...

FINANCIAL MARKETS: Beyond bailouts
Various industries are lining up before the Government asking for support to tide over the slowdown. It is a measure of the enfeebled nature of the State that some promoters are able to brandish the threat of labour retrenchment despite laws ...

HUMAN RESOURCES: Public sector banks to face ‘huge’ skills gap post ’09
Coimbatore, Nov. 18 “The skills gap in public sector banks is going to be ‘huge’ post 2009, when a good number of senior officers retire. Nothing has been done yet to address this issue,” the Executive Director of ...

FIXED DEPOSITS: Banks hike NRI deposit rates
Kochi, Nov. 18 More banks are raising the rates on foreign ...

FOREX: Rupee falls as equities keep declining
Mumbai, Nov. 18 The rupee was down in alignment with equities and depreciated by about 30 paise. It opened at 49.62 and closed at 49.67/68, against the previous close of ...

HUMAN RESOURCES: Citi, HSBC not to cut jobs in India for now
The massive job cut announced by the global banks, such as Citibank and HSBC, may only have a limited impact ...

HUMAN RESOURCES: Fall in offers made in financial sector at IIM-A
The turmoil in the financial markets may have been responsible for the drop in the number of summer placements in that sector at the Indian Institute of Management Ahmedabad, hinted Professor Samir ...

FINANCIAL MARKETS: Free markets: Integrity a necessary condition
The desirability of free markets and their outcomes are based on a number of assumptions, involving perfect competition, rational human beings, no marked inequalities in income, wealth and opportunity and externalities, e.g., ...

GENERAL INSURANCE: IFFCO-TOKIO insurance scheme
IFFCO-TOKIO General Insurance Co Ltd has launched its Janata Bima Yojana micro-insurance policy in Kerala. The policy offers two types of coverage, property insurance cover and critical illness cover, with a sum of Rs 10,000 assured in both ...