Business Daily from THE HINDU group of publications
Tuesday, February 10, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, February 10, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING ECONOMIC OFFENCES: ICAI panel pulls up auditor in GTB case New Delhi, Feb. 9 The disciplinary committee of the Institute of Chartered Accountants of India (ICAI) has concluded that the chartered accountant who audited and certified the balance sheet of the Global Trust Bank (GTB) for the financial ... PUBLIC SECTOR BANKS: PSBs may restructure loans given to auto component makers Most suppliers to US auto majors hit by payment delays. Bangalore, Feb. 9 Public sector banks, led by the SBI group and associates, have begun working out a loan restructuring package for auto component makers in the country, who have been hit ... EVENTS: ‘Counselling essential to take financial inclusion forward’ There is a need for more financial counselling in unbanked areas to make financial inclusion programme more meaningful, said Mr George Joseph, Chairman and Managing Director of Syndicate ... LIFE INSURANCE: ING group to infuse more capital into joint venture Bangalore, Feb. 9 The ING group has committed to infusing more capital into its joint venture ING Vysya Life Insurance ... CREDIT RATING: Fitch affirms India's long term foreign currency ratings Fitch Ratings on Monday affirmed India's long-term foreign currency and local currency issuer default ratings at BBB- (BBB ... FOREX: Rupee ends higher The rupee closed higher by about 15 paise, but intra-day trade was dull with hardly a movement of 6-7 paise. There was not much impact of the domestic equity markets, which gained almost 300 points. “From this point, we don’t see ... INTEREST RATES: ‘Auto industry in dire need of interest rate cut’ Else there would be job losses leading to social unrest, says LGB chief. Coimbatore, Feb. 9The fortunes of the automobile sector are sliding from “bad to worse” and unless the interest rate is cut to 6 per cent to stimulate purchase, ... LIFE INSURANCE: Jeevan Aastha boosts LIC’s individual retail premium biz Kolkata, Feb. 9 Life Insurance Corporation of India has received a much needed boost in its declining individual retail premium business this year from the single premium insurance policy, ... EVENTS: Call to record financial history at regional level Noted economist Dr N.K. Thingalaya has called for documenting economic and banking history at regional levels as it will give insights into the development of the regions ... RBI & OTHER CENTRAL BANKS: ‘Global central banks plan co-ordinated response to biz cycle downturns’ Mumbai, Feb. 9 Future regulatory policies of global central banks, including the Reserve Bank of India, will reflect their countercyclical, macro-prudential efforts vis-À-vis capital, provisioning, valuation, etc to pro-actively ... CORPORATE BONDS: IIFCL to issue more tax-free bonds this month New Delhi, Feb. 9 India Infrastructure Finance Company Ltd (IIFCL) plans to raise about Rs 2,370 crore through tax-free bonds, to be issued this month under the private placement route. This is the second tranche of tax-free ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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