Business Daily from THE HINDU group of publications
Friday, April 17, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Friday, April 17, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INSIGHT: Credit Crunch 2? Or Credit Catch-22? If the demise of the famous securities brokering house Bear Stearns last year is considered the birth of the global crisis, the latter is now a year old. Now flash back to the year 2008 and the global discourse then on where the US economy ... PEOPLE: Stuart Davis appointed CEO of HSBC in India Naina Lal Kidwai elevated. Kolkata, April 16 HSBC Holdings Plc has elevated the present Chief Executive Officer of its India operations, Ms Naina Lal Kidwai, to the position of Group General Manager and Country Head, HSBC India, to manage the ... CORPORATE BONDS: Banks, mutual funds lap up Tech Mahindra debt issues 10.25% coupon on NCDs, 8.50% on commercial papers prove attractive. Mumbai, April 16 The Rs 600-crore non-convertible debenture (NCD) and the Rs 275-crore commercial paper issues of Tech Mahindra have been lapped up by a clutch of mutual funds, ... FOREX: Rupee slides marginally The rupee fell marginally against the dollar on Thursday, tracking the domestic equity indices. The rupee opened at 49.53 and touched an intra-day high of 49.33. It then weakened to touch an intra-day low of 48.83 before closing at 49.77, ... PUBLIC SECTOR BANKS: ASBA facility for SBT customers Customers of State Bank of Travancore (SBT) can now use the Application Supported by Blocked Accounts (ASBA) facility while applying for an IPO. According to a release from the bank, SEBI has allowed retail investors to apply for an IPO through ... GOVT BONDS: Bond prices up on surplus liquidity Bond prices moved up by Re 1 on the back of surplus liquidity in the system. Banks cutting their deposit rates, the low repo and reverse repo rates and inflation falling to an all time low of 0.18 per cent, were factors favouring low yields, said ... SHORT TERM INSTRUMENTS: Call rates steady Mumbai, April 16 The inter-bank call rate ended at 3.50-3.60 per cent, against the previous close of 3.40-3.60 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the one-day repo auction. In the reverse ... LIFE INSURANCE: HDFC Standard, Rajasthan Royals deal HDFC Standard Life Insurance has inked a sponsorship deal with Rajasthan Royals. The insurance company would be the associate sponsor and insurance partner for the reigning IPL Champions, a press release issued by the company ... GENERAL INSURANCE: United India bags BHEL’s industrial risk cover Kolkata, April 16 United India Insurance Company Ltd has bagged a mandate for covering industrial risk from Bharat Heavy Electricals Ltd (BHEL) at an annual premium of about Rs 90 crore, according to Mr G. Srinivasan, Chairman and ... CO-OPERATIVES: West Bengal co-op bank seeks RBI nod to open branches in 3 districts Kolkata, April 16 West Bengal State Cooperative Bank Ltd (WBSCB) has appealed to Reserve Bank of India for permission to open branches in three districts of Coochbehar, North 24 Paraganas and South 24 ... GENERAL INSURANCE: Terror cover: Final claims from Mumbai hotels may be at Rs 500 cr To substantially dent terror pool corpus. Kolkata, April 16 The insurance claims of Mumbai hotels damaged in the 26/11 terror attack may be less than the earlier estimate of Rs 600 crore, according to Mr Alok Agarwal, Director-Corporate, ...
GENERAL INSURANCE:
Oriental Insurance expects PBT to fall by Rs 300 cr Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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