The Hindu Business Line : Tuesday, October 23, 2007

FOREX
Managing foreign fund inflows a challenge: Kamath
Managing the flow of foreign funds into India is a challenge for policy makers, because the flow is still strong despite the proposed ban on participatory notes, said Mr K.V. Kamath, Managing Director and CEO, ICICI Bank. Answering a ... More

Rupee falls on fears over PNs
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INFORMATION TECHNOLOGY
HP bags Andhra Bank contract
To implement core banking solution and manage tech resources More

FINANCIAL PERFORMANCE
LIC Housing net rises on higher interest income
Mumbai, Oct. 22 Driven by higher interest income, LIC Housing Finance Ltd has reported a net profit of Rs 116.37 crore in the second quarter, a 53 per cent rise from the previous year’s Rs 75.93 crore.Net interest income was up ... More

SBT H1 net up 12.84%
Thiruvananthapuram, Oct. 22 State Bank of Travancore (SBT) has posted a rise in net profit of 12.84 per cent to Rs 154.09 crore during the first half year ending September 30. The operating profit during the period was Rs 287.95 crore. ... More

Higher income buoys Dewan Housing net
Mumbai, Oct. 22 Dewan Housing Finance Ltd has reported a net profit of Rs 16.16 crore in the second quarter, 41 per cent up from Rs 11.43 crore in the previous year, buoyed by higher income. Total income rose by 65.21 per cent to Rs ... More

LIFE INSURANCE
Birla Sun Life to scale up distribution network
Mumbai, Oct. 22 Birla Sun Life Insurance hopes to grow faster than the insurance industry this year, by scaling up its distribution network.“The insurance industry is expected to grow at 50-60 per cent this year and we hope to ... More

GENERAL INSURANCE
Risk policy for tobacco exports on cards
New Delhi, Oct. 22 The Commerce Ministry has agreed to examine the possibility of having a special risk policy for tobacco exports through Export Credit Guarantee Corporation (ECGC) and also a specialised institute for spices technology for ... More

FINANCIAL MARKETS
Experts call for sterilisation to manage capital inflows
Mumbai, Oct 22 The question on everyone’s minds is how to manage capital inflows, especially foreign capital. “We should focus on sterilisation efforts. The fiscal costs might increase but it will be counter benefited by ... More

Banks seek status quo on investment categorisation
‘Marking them to market again will result in losses’ More

RBI & OTHER CENTRAL BANKS
India calls for re-look at World Bank voting shares
Need to analyse structural options more deeply: Chidambaram More

GOVT BONDS
Bond prices end higher
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SHORT TERM INSTRUMENTS
Call rates rise marginally
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TRADE & LABOUR UNIONS
TN co-op banks staff to strike work tomorrow
Employees working in the 23 District Central Co-Operative Banks, the State Co-Operative Agriculture and Rural Development Bank, 180 Primary Agriculture and Rural Development Banks have decided to strike work on October 24.The strike ... More

DIVERSIFICATION
Union Bank plans mutual fund foray
Union Bank of India is looking to enter the mutual fund business and is likely to announce a partner by the end of this fiscal. The partner is likely to be a foreign partner, but the shareholding pattern is yet to be finalised, said Mr M.V. ... More