Business Daily from THE HINDU group of publications
Thursday, June 11, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, June 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING MERGERS & ACQUISITIONS: Pranab sees merit in bank consolidation for stability Wants banks to provide credit at reasonable rates to push growth. New Delhi, June 10 The Finance Minister, Mr Pranab Mukherjee, has put his weight behind consolidation of banks, stating that this may be necessary to improve the state of ... TAXATION: Overseas funds: Banks for reinstating I-T exemption on interest paid Mumbai, June 10 To bring down the cost of resources mopped up via overseas foreign currency borrowings, banks have sought restoration of income tax exemption on the interest payable on funds borrowed from foreign ... SHORT TERM INSTRUMENTS: Short-tenure papers in demand Mumbai, June 10 Recent trading pattern in the government securities market indicates that banks are hedging their bets by trading at the short-end of the yield curve due to uncertainty as to the direction of interest rates, according to ... INSURANCE: Standard for valuation of insurance cos soon: IRDA Bid to improve disclosure levels to enable launching of IPOs. Kolkata, June 10 The Insurance Regulatory and Development Authority (IRDA) will come up with a national standard for valuation of insurance companies in two months time, according to ... INSIGHT: Stress test won’t help US banks Transmission towers carrying electricity are tested to destruction to see how much load they can take. In the world of medicines, stress test is commonly administered, especially to those suffering from cardiac ailments, once again to determine ... GOVT BONDS: Bond prices fall ahead of auction Bond prices fell ahead of the auction of Rs 15,000 crore worth government securities scheduled for Thursday. Higher oil prices and rising US treasury yields were also reasons for the hardening of bond yields, said a dealer with a private bank. ... GENERAL INSURANCE: Star Health ties up with HMRI Chennai, June 9 Star Health Insurance has partnered with Health Management and Research Institute (HMRI) to offer tele-medical advisory helpline free-of-cost to ... FINANCIAL SERVICES: Alpari Forex launches India operations Alpari Forex, a global online forex trading company, on Wednesday launched its Indian operations. The company, which mainly caters to retail customers worldwide, plans to offer forex trading services to retail and institutional clients in ...
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