The Hindu Business Line : Friday, March 23, 2007

FOREX
Foreign travel props up invisibles account
The ubiquitous Indian middle-class has begun to pack its bags and travel abroad in such huge numbers that it could soon rival the hordes of foreign tourists, businessmen, delegates and foreign academics descending on the country every year. That ... More

Rupee slips against dollar
The rupee lost marginally against the dollar on Thursday with the easing of inter-bank call money rates, dealers said. The domestic currency opened at 43.57/59 and closed at 43.74/75, down from Wednesday's 43.45/46. Dealers said ... More

GENERAL INSURANCE
GIC foreign premium may be under $500 m this fiscal
Coinsurance with some global players helped More

PUBLIC SECTOR BANKS
Canara Bank IT institute in 6th year
The Canara Bank Institute of Information Technology (CBIIT), which imparts free training in computer packages to economically backward meritorious students, is completing six years of service. The institute provides three-month ... More

GOVT BONDS
Bond prices rally by 60 paise
Bond prices rallied by about 63 paise as the market felt that the liquidity in the system might improve in the coming days as the bank strike has been called off. "Though the liquidity was tight there was a change in sentiment," ... More

SHORT TERM INSTRUMENTS
Call rates ease to close at 10-15%
After remaining at the nine-year high for two days, call rates eased to close at 10-15 per cent on Thursday against the previous close of 60 per cent. "The bank union's calling off their strike and RBI's notification allowing the utilisation of ... More

CO-OPERATIVES
Cosmos Co-op Bank to use RSA solutions
Pune-based Cosmos Cooperative Bank has implemented RSA security solutions, according to Mr Srikiran Raghavan, Regional Head RSA. Dr M. Abhyankar, Chairman, Cosmos Bank, said Rs 50 lakh had been invested for the security solution. The bank will ... More

VENTURE CAPITAL
Kotak Mahindra arm invests in DRS Logistics
Kotak Mahindra Bank's private equity arm has invested Rs 100 crore in the city-based DRS Logistics Private Ltd. Announcing this at a news conference here on Thursday, Mr A.K. Agarwal, Director, DRS Group, said the company would use the funds ... More

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Looking back
Mar. 11-Mar. 17
Bonds rally as liquidity, deposits surge

Reinsurance cover by GIC cut to 15% from April

LIC's yield expectations hurt bank bond issues

LIC, Corporation Bank to expand co-operation

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