Business Daily from THE HINDU group of publications
Thursday, November 19, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, November 19, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING GENERAL INSURANCE: Ratnagiri Gas may tie up risk cover for project soon PSU consortium led by National Insurance Company submits bid. Insurance placement for the Ratnagiri Gas and Power (RGPL) project is expected to be finalised shortly. This follows the appointment of GE as the operation and maintenance (O&M) ... FOREIGN BANKS: Barclays Bank open to buys in India Hyderabad, Nov. 18 Barclays Global Retail Bank is open to making acquisitions as part of its growth strategy in ... INSIGHT: Managing risk and performance In The Economist’s Special Report on International Banking, speaking on risk, the author quotes a bank boss saying that “the securities industry was based on revenue, not on risk-adjusted returns,” What does ... FOREX: ‘Move for global common currency unlikely to succeed’ Thiruvananthapuram, Nov. 18 The move towards the creation of a global common currency is unviable, according to Mr Sitaram Gurumurthi, former staff member of the IMF and a Member of the Tamil Nadu State Planning ... PUBLIC SECTOR BANKS: Union Bank plans $500-m bonds issue New Delhi, Nov. 18 Public sector banking major Union Bank of India is looking at raising $500 million (Rs 2,300 crore) via bonds before March 2010 to expand its operations abroad, its Chairman, Mr M.V. Nair, said here ... EVENTS: TMB celebrates Founder’s Day Tuticorin-based Tamilnad Mercantile Bank celebrated its 89th Founder’s Day, on Wednesday. The Managing Director and CEO of the bank, Mr G. Nagamal Reddy, delivered the Founder’s Day message. Also, customers of the bank who got ... OVERSEAS INVESTMENTS: Kotak Bank opens Dubai rep office Kotak Mahindra Bank has inaugurated its representative office in Dubai, said a bank press release. Investors in West Asia can now access information on various investment opportunities in India through the representative office, Mr Uday ... PUBLIC SECTOR BANKS: Koda scam: ‘All norms followed’ New Delhi, Nov. 18 Union Bank of India, which is under the authorities’ scanner in connection with the Koda scam, has denied the Tax Department’s charges that it did not report transactions of over Rs 10 lakh to the ... FOREIGN BANKS: A long wait for Indian banks abroad Chennai, Nov. 18 Under WTO rules, India agreed to authorise 12 licences for foreign banks every ... INVESTMENT BANKING: Investments into Indian companies likely to pick up Mumbai, Nov. 18 Investments into Indian companies, particularly in the infrastructure, insurance, and consumer goods sectors, will accelerate over the next six months on the back of valuations, which are currently reasonable, and an ... FINANCIAL PERFORMANCE: Calicut City Co-op Bank posts profit Kozhikode, Nov. 18 Calicut City Service Cooperative Bank, which became operational in 2003, has posted a net profit of Rs 1.2 crore for the year ending March ... CREDIT MARKET: Bank credit increases by Rs 23,147 cr Mumbai, Nov. 18 Bank credit for the fortnight ended November 6 increased by Rs 23,147.60 crore to Rs 28.92 lakh crore, according to the latest statement of position of commercial banks from the Reserve Bank of ... INSIGHT: Crisis Management — Effect on the RBI’s balance sheet Despite sound fundamentals and no direct exposure to the sub-prime assets, India was affected by global financial crisis, reflecting increasing globalisation of the economy. As the balance of payments came under pressure in the third quarter ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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