Business Daily from THE HINDU group of publications
Tuesday, July 14, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, July 14, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
MONEY & BANKING CREDIT MARKET: India Inc borrows to build SBI Capital ties up Rs 72,500-crore funding for projects in April-June quarter. Mumbai, July 13 India Inc appears to be shrugging off its aversion to borrowing to set up greenfield projects and undertake brownfield ... FINANCIAL PERFORMANCE: Rise in non-interest income lifts Axis Bank Q1 net 70% Fee income at Rs 627 crore; trading profit soars to Rs 326 crore. Mumbai, July 13 Axis Bank’s net profit increased by 70 per cent to Rs 562 crore for the quarter ended June 30, from Rs 330 crore in the corresponding quarter last ... GENERAL INSURANCE: Insurers get tax notice for overseas reinsurance I-T Dept says premium taxable as Indian cos are acting as agents. Mumbai, July 13 The Income-Tax Department has slapped notices on general insurance companies asking them to pay tax on premiums paid to ... INTEREST RATES: Interest rates may look up post-October: SBI chief Kolkata, July 13 Interest rates may move up by about 25 to 100 basis points post-October spurred by the anticipated pick-up in credit demand, higher government borrowings and a possible liquidity crunch in the system, according to Mr O.P. ... FOREX: Rupee weakens The rupee fell to a two-month low due to uncertainty about the economic recovery in the global markets. The rupee opened at 49.10/12 and touched a low of 49.44/46, during day trade. It closed at 49.08/10, against Friday’s close of ... GOVT BONDS: Bond prices rise Bond prices rose on Monday after the borrowing quantum announced by the Reserve Bank of India for the week was lower than what the markets had expected. RBI announced an auction of Rs 12,000 crore of government securities. The markets were ... SHORT TERM INSTRUMENTS: Call rate ends a tad higher The inter-bank call rate closed a tad higher at 3.25-3.30 per cent, against the previous close of 3.20-3.25 per cent. Under the Liquidity Adjustment Facility conducted by the Reserve Bank of India, there were no bids in the one-day repo auction. ... CORPORATE BONDS: Corporation Bank raises Rs 300 cr Corporation Bank informed the Bombay Stock Exchange on Monday that it has raised Tier-I bonds [Series (I) (2)] for Rs 300 crore and the same was allotted on July 10 to the respective applicants in demat mode and credited to the respective client ... RBI & OTHER CENTRAL BANKS: Ministry renews pressure for autonomous debt management office Pranab move to raise Govt borrowing target to Rs 4.51 lakh crore. New Delhi, July 13 Pressure is being mounted afresh on the Reserve Bank of India to hand over its function as manager of marketable debt to the proposed full-fledged debt ... CREDIT MARKET: ‘Low credit off-take due to lack of demand’ The slowdown in credit off-take is more due to the general lack for credit demand in the industry than the high interest rates, according to Mr O.P. Bhatt, Chairman, State Bank of ... FARM CREDIT: Fund mooted to improve loan recovery rates With a view to increasing loan recovery rates for banks, the Andhra Pradesh Government has proposed to set up a ... MERGERS & ACQUISITIONS: State Bank of Indore merger on course Kolkata, July 13 State Bank of India will go ahead with the merger of State Bank of Indore with itself in the next three to six months, once it receives the necessary ... FINANCIAL INSTITUTIONS: SIDBI plans to extend re-finance to banks, SFCs Mumbai, July 13 The Small Industries Development Bank of India (SIDBI) is considering the possibility of extending re-finance to banks and State Finance Corporations (SFCs) at reasonable interest rates for a longer period – three to ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
|
The Hindu Group:
Home | About Us | Copyright | Archives | Contacts | Subscription
Copyright © 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |
RSS Feeds