The Hindu Business Line : Wednesday, May 30, 2007

FOREX
Leather industry feels the sting of strong rupee
The leather industry, which has sustained an annual export growth of about 15 per cent in 2006-07, could take a drastic hit in the current year due to the strengthening rupee, according to the Council for Leather Exports (CLE). Briefing ... More

The financial liberalisation trilemma
Interest rates should deter inflation but not investment, the exchange rate should foster exports and both should be effectively managed without fetters on capital flows. More

Rupee gains a tad
The rupee edged up slightly against the greenback on dollar inflows. The domestic currency opened at 40.45/47 and touched an intra day high of 40.43. It then dropped to close the day at 40.50, against Monday's close at 40.51/52. ... More

CONSUMER FINANCE
Piaggio, SBI in pact for vehicle finance
Targeting a 30 per cent jump in the sales of its `Ape' range of three-wheelers this year, Piaggio Vehicles Pvt Ltd has tied up with State Bank of India (SBI) for extending finance options to the customers. As part of the tie-up, SBI would ... More

GENERAL INSURANCE
Chola MS General Insurance wipes off accumulated losses
April 2007 is a landmark month in the history of Cholamandalam MS General Insurance Company, because that is the month the company cleaned up all the red in its balance sheet. The company earned premium income of Rs 315 crore in 2006-07 and ... More

PUBLIC SECTOR BANKS
Unlocking share value: SBI associates await game-plan
Dates yet to be finalised for discussing relevant issues More

OBC opening 2 more branches
Oriental Bank of Commerce (OBC) is opening two branches in Garia and Baruipur (South 24 Parganas district) near here on Wednesday as part of its plan to expand its branch network in Kolkata region, according to a press release ... More

Andhra Bank re-launches Kiddy scheme
Eyeing an untapped segment of customers - school kids, Andhra Bank will be launching a campaign in schools across the country to mobilise Kiddy Bank accounts from next month. "Our branches across the country will go to schools in their ... More

FINANCIAL INSTITUTIONS
Exim Bank authorised capital up
The Government of India has increased Exim Bank's authorised capital to Rs 2,000 crore. The existing authorised capital of the bank is Rs 1,000 crore and has been fully subscribed by the Government, said a press release. The ... More

GOVT BONDS
Bonds shed 20 paise
Bond prices fell by around 20 paise on profit booking. Total traded volumes on the order matching system were Rs 3,120 crore (Rs 5,875 crore). Traders were booking profits after the 40 paise rally on Monday. "With surplus ... More

SHORT TERM INSTRUMENTS
Call rates ease to 4-4.25%
The inter bank call rate eased to 4-4.25 per cent (5.75-6). "The surplus cash in the system has made its way to the call money market," said a dealer at a private bank. In the first one-day reverse repo auction, the RBI received ... More

PEOPLE
Yogesh Lohiya is new GIC chief
Mr Yogesh Lohiya has taken over as the Chairman and Managing Director of General Insurance Corporation of India, effective May 28, 2007. He takes over from Mr RK Joshi, who retired on April 30. Mr Lohiya was earlier General ... More

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Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
`IOC losing Rs 2,500 cr every month'

ICWAI moving against CIMA?

S&P launches research service for mid & small-cap stocks

Leather industry feels the sting of strong rupee

Unlocking share value: SBI associates await game-plan

Tata Steel signs MoU with Vietnam company

Looking back
May. 20-May. 26
Exporters may turn to EU as rupee rises against dollar

Bonds perk up as inflation fears subside

Forum proposes steps to address systemic risks in hedge funds biz

FDI hike in insurance: `No assurance, but not ruled out'

`Indian exporters can actively start invoicing in rupees'

PNB Q4 net down 17% on higher provisioning

Growth, inflation and interest rates

ECB curbs and market-control measures — Does the RBI have a choice?

ITI's bond issue downgraded to `default'

`Banks facing higher cost of deposits'