Business Daily from THE HINDU group of publications
Saturday, December 13, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, December 13, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING HUMAN RESOURCES: Axis Bank expanding in South, to increase headcount To upgrade extension counters; focus on growing customer base. Coimbatore, Dec. 12 Axis Bank is in the process of expanding its branch network and upgrading its extension counters to branches in ... CREDIT CARDS & DEBIT CARDS: Kotak Mahindra Bank to launch corporate credit cards Looking at partnership for co-branded cards. Hyderabad, Dec. 12 Kotak Mahindra Bank is looking at launching a corporate credit card product and also enter into partnership programmes for launching co-branded credit cards by ... FOREX: Rupee ends lower in choppy trade The rupee weakened in a market that saw choppy movement, as stock markets fell globally. The rupee opened at 48.55 and fell to 48.95/96, as the domestic equity markets fell. It recovered to close at 48.44/45, down 14 paise against the previous ... SHORT TERM INSTRUMENTS: Call rates end higher The inter-bank call rate closed marginally higher at 5.20-5.40 per cent, as against the previous close of 5.15-5.25 per cent. In the three-day repo auction under the first liquidity adjustment facility (LAF) there were no bids. In the reverse ... LIFE INSURANCE: Reliance Life unveils new product Reliance Life Insurance has launched a new-unit linked product — Reliance Super InvestAssure Plan (RSIP)-Plus. This product would give loyalty additions of 2.5 per cent of annual premium after the third policy year, apart from earnings ... GOVT BONDS: Bonds continue rally on rate cut hopes Mumbai, Dec. 12 Continuing their rallying trend, bond prices rose by Rs 1.86 in a bullish market on Friday. The 10-year benchmark security saw intra-day gains of as much as Rs 3.17 against the previous ... HOUSING FINANCE: Home truths Following the economic stimulus package for certain sectors announced by the Government last week and the RBI’s repo rate cuts, public sector banks are set to offer more than just easier interest rates on home loans up to Rs 20 lakh. The ... MERGERS & ACQUISITIONS: StanChart ups stake in Indian arm Mumbai, Dec. 12 Standard Chartered Bank has increased its stake in Standard Chartered-STCI Capital Markets Ltd (formerly UTI Securities Limited) to 74.9 per ... RBI & OTHER CENTRAL BANKS: World Bank clears $14-b lending to India for 2009-12 New Delhi, Dec. 12 The World Bank Group has cleared India Country Strategy 2009-12 that envisages lending program of $14 billion for the next three years. The institution’s board discussed the Country Strategy at its meeting in ... FOREX: Forex reserves down by $1.83 b Mumbai, Dec. 12 The country’s foreign exchange reserves fell by $1.83 billion to $245.86 billion for the week ended December 5, due to revaluation of global currencies and also due to selling of dollars by the Reserve Bank ...
FOREX:
Significant growth in currency future contracts on NSE Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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