Business Daily from THE HINDU group of publications
Wednesday, December 10, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, December 10, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING TECHNICAL ANALYSIS: Weak outlook for rupee The monetary measures and stimulus package announced over the weekend had minimal impact on the rupee. Though the currency strengthened to 49.2 when foreign exchange markets opened on Monday morning, the rally could not sustain, implying that ... LIFE INSURANCE: Oberoi staff death claims to cost LIC Rs 55 lakh So far 12 claims identified. Kolkata, Dec. 9 The Life Insurance Corporation of India may face claims to the tune of Rs 55 lakh from the death of employees of EIH Ltd killed in the Mumbai terror attack at the Oberoi Trident, according to ... GENERAL INSURANCE: All about terrorism risk covers The recent Mumbai terror attacks have put the spotlight on terrorism and the need for insurance against such acts. Many companies are unaware of the level of terror risk faced by them. And, even after buying terror covers for their ... REGULATORY BODIES & RULINGS: Claims settlement process needs to be improved: IRDA Mumbai, Dec. 9 Health insurance in India currently covers only around five per cent of the total spending in the healthcare sector. This should at least increase to 20 per cent, said Mr J. Harinarayan, Chairman, Insurance Regulatory ... ALLIANCES & JOINT VENTURES: SBT, United India tie up State Bank of Travancore (SBT) has entered into a tie-up with United India Insurance Company to provide personal accident insurance cover to its savings account holders. The insurance cover is of Rs 5 lakh at a subsidised premium of Rs 50 per ... GENERAL INSURANCE: Out-of-pocket spending on health care high: Report Mumbai, Dec. 9 The Indian healthcare industry is poised to grow at a compounded annual growth rate (CAGR) of 25 to 30 per cent to reach a market size of around Rs 28,000 crore by financial year (FY) 2015, according to global consulting firm ... MORTGAGE: ‘Lender could worsen downturn in asset prices’ Bangalore, Dec. 9 Housing prices in the US have fallen by a third since 2006, as a result of which home mortgage amounts are estimated to exceed the value of collateral by about $1 ... CREDIT RATING: Small debt funds face concentration risk: Crisil Kolkata, Dec. 9 Rating agency Crisil on Tuesday said a majority of the debt schemes have single industry concentration and that many small schemes have single company exposure, representing a high risk of losing ... GENERAL INSURANCE: United India posts 12.67% growth in biz Kochi, Dec. 9 United India Insurance Co Ltd, the second largest non-life insurer in the country, has achieved business growth of 12.67 per cent as on November, against the insurance industry growth of 10 per cent, thereby becoming the ... DERIVATIVES MARKETS: MCX-SX garners 50% market share Mumbai, Dec. 9 MCX-SX, the currency futures exchange promoted by Financial Technologies and MCX, has garnered 50 per cent market share in two months of operations, according to a release from ... ECONOMIC OFFENCES: Kapol Co-op Bank beefs up internal security Mumbai, Dec. 9 The Mumbai-based Kapol Co-operative Bank has stepped up internal security system after the arrest of a woman employee for siphoning off Rs 2 crore from the ... FINANCIAL MARKETS: Commodity prices vital for sustained recovery First, it was believed that no more than a rescue of financial institutions was necessary. So it started with central banks assuring commercial and investment banks of adequate liquidity. Soon, solvency of the banking system became the ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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