The Hindu Business Line : Wednesday, December 13, 2006

FOREX
Rupee ends flat against dollar
The rupee was almost flat against the dollar. The home currency opened at 44.78/80, traded between 44.82 and 44.84 levels, to finally close at 44.83/84 against the previous close of 44.83/85 on Monday. "The rupee was pushed down ... More

INSURANCE
3i Infotech, Oracle centre
3i Infotech Ltd has partnered with Oracle to develop a technology centre of excellence for insurance in Chennai. The solutions developed at this centre are targeted at the Europe, Middle East and Africa. The main focus of the ... More

GENERAL INSURANCE
Link-K gears for free pricing
Link-K Insurance Broker Company (P) Ltd is gearing itself to face the changes in the detariffed scenario. The Managing Director, Mr P. Mohankumar, told Business Line that he does not perceive any adverse impact on the ... More

FINANCIAL POLICY
CRR: Active times ahead?
The CRR could emerge as the preferred tool of short-term monetary management. More

CRR and the chart horror
You would have heard. The Sensex crashed 400 points on Monday. The numbing hit continued to keep the charts on a disoriented choppy ride, at the time of writing. Down 160 in early trading, up 92 to recover losses, and yo-yoing, as the zoomchart ... More

FOREIGN BANKS
Deutsche Bank to expand here
Deutsche Bank has announced it would infuse Rs 1,125 crore ($253 million) capital into its Indian branches. With this infusion, Deutsche Bank India's capital funds would almost double from Rs 1,286 crore as on March 31, to Rs ... More

GOVT BONDS
Bond market bearish
The bond market continued to be bearish. Total traded volumes were at Rs 3,215 crore (Rs 2,780 crore). The ten-year yield hardened by around 10 basis points. "There was all round selling and amid low volumes, prices fell ... More

CORPORATE BONDS
Corporate bonds: Deals over Rs 1 lakh must be reported
The decision follows the Union Budget proposal on the creation of a unified platform for trading of corporate bonds. More

SHORT TERM INSTRUMENTS
Call rates rise
Call rates jumped to 7.25-7.35 per cent against 6.55 per cent and 6.65 per cent on Monday, due to tight liquidity in the system. In the first one-day reverse-repo auction under LAF, the RBI received and accepted three bids for Rs ... More

TRADE & LABOUR UNIONS
Co-op bank staff to join strike
Co-operative bank employees from almost all States (including the North Eastern parts of the country) have resolved to extend support to the December 14 strike call given by the Central Trade Union Organisations to protest ... More