The Hindu Business Line : Saturday, January 06, 2007

FINANCIAL SERVICES
Cox & Kings plans to offer more forex services
Cox & Kings, a travel company, has expanded the scope of foreign exchange services offered by it after the Reserve Bank of India granted the company a category II foreign exchange licence. Group CEO Mr Peter Kerkar told Business Line: ... More

REGIONAL RURAL BANKS
Karnataka Grameena Bank plans
The Dharwad-based Karnataka Vikas Grameena Bank, a regional rural bank sponsored by Syndicate Bank, is planning to open four more branches during the current financial year. Quoting the Chairman of the bank, Mr M. Dhananjaya, ... More

FOREX
Rupee falls 3 paise on $ selling
The rupee fell by around two-three paise as there was strong dollar selling. "Selling was triggered by dollar's weakness against the Japanese yen and Chinese yuan. Chinese Central Bank has hiked the cash-reserve ratio, which ... More

Forex reserves rise $1.02 b
The country's foreign exchange reserves rose $1.018 billion to touch $177.251 billion for the week ended December 29, 2006 mainly on foreign currency revaluation. In the previous week, forex reserves had increased by $714 million to touch ... More

LIFE INSURANCE
LIC to unlock real estate value
Targets Rs 200 crore as rental income More

FOREIGN DIRECT INVESTMENT
Private insurers nudge for higher FDI cap
`Capitalisation of insurance cos vital to meet IRDA solvency norms' More

RBI & OTHER CENTRAL BANKS
Inflation trend on expected lines: Reddy
The Reserve Bank of India Governor, Dr Y.V. Reddy, on Friday allayed inflation fears saying the current numbers were "by and large" on expected lines. As of now the central bank is sticking to its earlier inflation estimate of 5-5.5 per cent ... More

GOVT BONDS
Bonds up on easing of US yields
Bond prices rose around 23 paise on easing of US yields. Total traded volumes on the order matching system were around Rs 2,450 crore (Rs 2,335 crore). Dealers said prices opened high tracking the US 10-year yields, which ... More

CREDIT MARKET
Bank credit up Rs 24,181 cr
Gross bank credit increased by Rs 24,181 crore to Rs 17,33,679 crore as on December 22, 2006, according to the Reserve Bank of India's Weekly Statistical Supplement. Of this, food credit increased by Rs 1,264 crore to touch Rs 41,629 crore and ... More

SHORT TERM INSTRUMENTS
Call rates rule at 6.25-6.75 pc
Call ruled at 6.25-6.75 per cent against previous close of 6.5-6.7 per cent on Thursday. "Call rates are likely to increase next week following the second phase of CRR hike which will tap away Rs 6,750 crore from the banking ... More

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Cross Currency Rates

Biocon forms venture with Neopharma of UAE

Sugar export ban to be fully lifted in 20 days: Pawar

Inflation trend on expected lines: Reddy

Rlys plans to tackle land encroachment issues

Sensitive items import up 8% in Apr-Nov

Govt depts to pay more tax on inter-State purchases

ONGC to start spudding in another Mahanadi Block

Tyre industry to import rubber to check prices