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Friday, November 06, 2009
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MONEY & BANKING

SHORT TERM INSTRUMENTS: CD rates likely to plunge as credit growth remains low
Bulk investors moving to other short-term instruments. Bangalore, Nov. 5 With loan growth remaining weak, costs of certificate of deposits (CDs) funds are expected to ...

LIFE INSURANCE: Aegon Religare unveils iTerm
Aegon Religare Life Insurance launched iTerm, a new term-plan that will be sold exclusively online. “It is the cheapest term plan currently available in the market, making it the most attractive product,” Mr Rajiv Jamkhedkar, CEO, ...

PUBLIC SECTOR BANKS: Corpn Bank’s loan syndication cell
Corporation Bank has opened its first loan syndication cell in Mumbai to shore up its fee-based income. The cell was inaugurated by Mr J.M. Garg, Chairman and MD of the bank. The bank is looking to augment its fee-based income by utilising ...

ALLIANCES & JOINT VENTURES: Andhra Bank may delay selling own insurance products
Move to ensure receipt of commission from LIC. Hyderabad, Nov. 5 Andhra Bank may go slow on selling the products of its insurance joint venture with Legal & General and Bank of Baroda due to its tie-up with Life Insurance Corporation ...

FOREX: Rupee must be allowed to appreciate: HSBC
Mumbai, Nov. 5 India should allow its currency to appreciate in order to prevent an asset bubble in the face of continued foreign exchange inflows, according to Mr David Bloom, Global Head of Foreign Exchange ...

GENERAL INSURANCE: Honda Cars ties up with insurance cos
New Delhi, Nov. 5 Honda Siel Cars India (HSCI) announced on Thursday the launch of ‘Honda Assure’, an insurance tie-up with various general insurance ...

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PUBLIC SECTOR BANKS: Corporation Bank sees 50% rise in non-interest income
Mumbai, Nov. 5 Corporation Bank is eyeing a 50 per cent jump in non-interest income in FY10 on the back of recently launched products and services such as supply chain management financing, government business (tax collection), and ...

INVESTMENT BANKING: MRPL mandates SBI Caps to raise Rs 5,000 cr to fund projects
Chennai, Nov. 5 Mangalore Refineries and Petrochemicals Ltd has mandated SBI Capital Markets Ltd to raise Rs 5,000 crore for its refinery expansion and petrochemical projects, MRPL’s Managing Director, Mr U.K. Basu, told ...

LIFE INSURANCE: Bharti AXA to infuse Rs 415 cr
Mumbai, Nov. 5 Bharti AXA General Insurance, a joint venture between Bharti Enterprises and AXA, will infuse Rs 415 crore additional capital in the next five years to fuel its expansion plans, said Mr Kimsoon Chua, Chief Operating Officer of ...





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Markets (Nov 05)
Nifty (at close)4,765.55 (+54.75)
US Dollar (Buy/Sell)47.02/03
Brent crude (a bbl) Rs3,693
Gold (a gram) Rs1,564
Silver (a kg) Rs28,595

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