Business Daily from THE HINDU group of publications
Tuesday, November 10, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, November 10, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FINANCIAL INSTITUTIONS: Institutions get a free hand in follow-on issue pricing SEBI board moots separate trading platform for SMEs. Mumbai, Nov. 9 The Securities and Exchange Board of India (SEBI) on Monday decided to introduce the “pure auction” method of book building in ‘Follow on Public Offers’ ... GENERAL INSURANCE: Shipping companies to pay more for insurance Offshoot of piracy incidents off Somalia. Mumbai, Nov. 9 Insurance costs of shipping lines have gone up considerably in the recent past as they have been forced to take ‘kidnap and ransom’ policy after the recent flare-up on pirate ... FINANCIAL MARKETS: It’s boom time for banks and financial cos Banking and financial products offered by various financial institutions have witnessed a robust growth in West Bengal, according to banks and stock broking companies active in this part of the country. This is despite the fact that ... FOREX: Rupee gains on positive equities The rupee gained by about 35 paise against the dollar on positive equity markets and general dollar weakness. The rupee opened with a gain at 46.62 and closed at 46.46, against the previous close of 46.81. There was no substantial dollar demand ... INTEREST RATES: ‘Interest rates may remain stable till March’ Interest rates are likely to remain stable till March, according to Mr M.V. Nair, CMD of Union Bank and Chairman of the Indian Banks’ Association. Speaking on the sidelines of the World Economic Forum’s India Economic Summit here, ... GOVT BONDS: Bond prices end a tad higher Bond prices rose in intra-day trade but gave up most of the gains on Monday. The prices opened higher on the back of fall in oil prices on Friday. However, the positive equities led to fears that investor interest will shift away from ... SHORT TERM INSTRUMENTS: Call rates close unchanged Inter-bank call rates closed unchanged from the previous close at 3.25-3.3 per cent. In the one-day reverse repo auction under the Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 46 bids amounting to Rs 1,03,210 ... INTEREST RATES: Bank of Rajasthan cuts car loan rates ... ALLIANCES & JOINT VENTURES: IndiaFirst Life Insurance to begin operations by Dec Joint venture between BoB, Andhra Bank and UK’s Legal and General. Mumbai, Nov. 9 IndiaFirst Life Insurance Company, a joint venture between Bank of Baroda, Andhra Bank and UK-based Legal and General, will launch its operations ... EVENTS: RBI outreach programme drops anchor at Minicoy Thiruvananthapuram, Nov. 9 The outreach programme of the Reserve Bank Regional Office here crossed the seas to drop anchor at Minicoy, the outermost island in the Lakshadweep archipelago, on Friday ... CREDIT CARDS & DEBIT CARDS: HDFC Bank to scale up credit card tech Mumbai, Nov. 9 Notwithstanding the high delinquencies reported by bank and non-bank entities in the credit cards business in the recent past, HDFC Bank has decided to spend big bucks to upgrade its credit card related infrastructure by ... LIFE INSURANCE: Shriram Life looking to expand beyond South Mumbai, Nov. 9 Shriram Life Insurance, a joint venture between the Shriram Group and South-Africa based Sanlam group, is exploring new distribution channels for expanding in the North, East and Western parts of ... ECONOMIC OFFENCES: Have policy to tackle frequent dishonour of cheques: RBI Mumbai, Nov. 9 The Reserve Bank of India has asked all scheduled commercial banks to have a board approved policy for dealing with frequent dishonour of cheques of value less than Rs 1 ... OUTLOOK: Higher provision levels may hit profitability of banks: S&P Mumbai, Nov. 9 Indian banks’ reported profitability would be suppressed in fiscal year 2010 (ending March 2010) and fiscal 2011 as they set aside profits to comply with the higher provision levels prescribed by the Reserve Bank of ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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