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Wednesday, July 16, 2008
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SOFTWARE: Vsoft tool for Delhi co-op bank


GOVT BONDS: Bonds slide on Fitch downgrade
Bond prices fell after international rating agency Fitch Ratings downgraded the rupee outlook to ‘negative’ from ‘stable’. Prices fell by around 45-50 paise following the report, said dealers. Rumours of another hike in ...

SHORT TERM INSTRUMENTS: Call rates steady
Call rates closed at 8.90-9.10 per cent, against the previous close of 8.90-9.00 per cent.In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 29 bids worth Rs. 43,825 crore. There were no ...

LIFE INSURANCE: Aviva Life to ramp up agency force
On camp at Madrid, Spain Aviva Life Insurance Company, among the pioneers of the bancassurance model in India, will be focussing on a balanced distribution model, Mr Bert Paterson, ManagingDirector & CEO, said on Tuesday. ...

FINANCIAL INSTITUTIONS: ‘Financial institutions must exit ITC’
New Delhi, July 15 Mr Amar Singh — whose Samajwadi Party is the key to the survival of the ruling Congress-led UPA Government — wants the Unit Trust of India (UTI) and other public financial institutions to divest their stake in ...

INTEREST RATES: Higher interest rates restore popularity of bank deposits
Mumbai, July 15 Fixed deposits are emerging as an attractive investment option with banks offering higher returns. ...

ECONOMIC OFFENCES: SC declines more time to Ketan Parekh to deposit bail money
New Delhi, July 15 The Supreme Court on Tuesday declined to grant further time to Mr Ketan Parekh, the prime accused in the 2001 Madhavpura Bank scam, for depositing Rs 26.43 crore, the instalment amount due on May 1 as a condition to be on ...

LIFE INSURANCE: Aviva Life to leverage Tendulkar brand
Sachin Tendulkar, brand ambassador of Aviva Life Insurance, has helped the company improve its brand awareness among customers, Mr Paterson ...

FOREX: Fitch downgrades local currency outlook
Mumbai, July 15 International rating agency Fitch Ratings on Tuesday, downgraded India’s local currency outlook from ‘stable’ to ‘negative’, mainly on account of the deteriorating fiscal position of the Union ...

FINANCIAL PERFORMANCE: Kanakamahalakshmi Bank profit


PUBLIC SECTOR BANKS: PNB opens 130th branch in Kerala


LIFE INSURANCE: Vijaya Bank to exit venture with Principal
Bangalore, July 15 Vijaya Bank has finally decided to exit from the insurance joint venture it had with Principal Financial Group of ...

LIFE INSURANCE: IDBI Fortis expanding in North
New Delhi, July 15 IDBI Fortis Life Insurance Co Ltd on Tuesday kickstarted its expansion drive in the North with the inauguration of its first branch at Gurgaon. The company plans to add 28 more branches in the North by the end of this year, ...

FINANCIAL PERFORMANCE: SBT operating profit rises
Thiruvananthapuram, July 15 State Bank of Travancore (SBT) has posted an operating profit of Rs 167.57 crore for the quarter ended June 30, marking a year-on-year increase of 7.53 per cent. The net profit stood at Rs 41.12 ...

FOREX: Rupee declines


FINANCIAL MARKETS: SP open to insurance, pension sector reforms
Windfall profit tax not a condition to extending support to Govt. New Delhi, July 15 The ruling United Progressive Alliance (UPA) Government is depending on the 39-member Samajwadi Party (SP) to survive next week’s trust vote, occasioned ...

CREDIT RATING: India near junk, says ‘AAA’ sub-prime mortgage rater
It is among the fastest growing and largest economies of the world with $ 300 billion in foreign exchange reserves and a 60-year old functioning democracy with Anglo-Saxon legal systems. Foreign investors are clamouring for a piece of the ...

TODAY'S PICK (Latest Audio: English/Tamil)
PRIVATE BANKS: YES Bank (Rs 107.40): Sell
We recommend a sell in YES Bank from a short-term perspective. It is clearly evident from the charts of YES Bank that it has been on an intermediate-term downtrend from its all-time high of Rs 277 recorded in January 2008, forming lower peaks and ...

TECHNICAL ANALYSIS: Rupee to test 43.5 in near term
There was pandemonium in all the financial markets on Tuesday with the 10-year bond yield rising to 9.47 per cent, the Sensex tumbling by almost 5 per cent and the rupee depreciating sharply above the 43 level as Fitch downgraded India’s ...






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Radar: Resources elsewhere
Food: Who pays the price (Video)

ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
Remembering Ramachander

Ranbaxy-Daiichi deal

People's car

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Looking back
Jul. 6-Jul. 12
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