Business Daily from THE HINDU group of publications
Friday, August 01, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Friday, August 01, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING INTEREST RATES: Home loans become costlier ICICI Bank, HDFC hike rates by 75 basis points; more banks follow suit. Mumbai, July 31 ICICI Bank and HDFC on Thursday hiked home loan rates by a massive 0.75 percentage points, moving quickly to preserve margins in the wake of RBI raising ... FOREX: Tata Steel net rises 22% at Rs 1,488 cr Company posts Rs 303-cr forex loss. Mumbai, July 31 Tata Steel Ltd has posted a 21.78-per-cent rise in its standalone net profit at Rs 1,488.40 crore for the quarter-ended June 30, against Rs 1,222.11 crore logged in the same period of last ... NON-PERFORMING ASSETS: Gross retail NPAs to touch 4% by fiscal end Defaults high in unsecured segments, says Crisil. Mumbai, July 31 The gross non-performing assets (NPAs) in retail loans are set to increase to around 4 per cent by March 2009, from 2.7 per cent on March 31, 2007, said a report by rating ... DERIVATIVES MARKETS: Exporters not taking forward rupee cover Expect softening trend to continue as FII inflow slows. Bangalore, July 31 The rupee may have appreciated against the US dollar since July this year, but exporters are not taking forward cover, unlike in the ... FINANCIAL PERFORMANCE: Thomas Cook Q2 standalone net up Mumbai, July 31 On the back of soaring sales from new products launched for the domestic and MICE (meetings, incentives, conferences and exhibitions) market, Thomas Cook India’s (TCIL) standalone net profit grew by 60 per cent for the ... GOVT BONDS: Bonds unchanged Bond prices closed relatively flat on Thursday, due to slight easing of liquidity and on sentiments that bond yields had more or less peaked, said bond dealers. The market opened lower by 50 paise on account of rising oil prices, but recovered ... FOREX: Rupee declines The rupee depreciated against the greenback on month-end related dollar demand. The currency opened at 42.46/48 and touched an intra-day low of 42.57. It finally ended the day at 42.5750, against the previous close at 42.36/37. Forex dealers said ... LIFE INSURANCE: Oriental Bank insurance venture Oriental Bank of Commerce has mopped up insurance premium worth Rs 2.51 crore in the first phase of insurance business in joint venture with HSBC Insurance Holdings Ltd and Canara Bank, according to Mr R. M. Sharma, General Manager of the bank in ... RBI & OTHER CENTRAL BANKS: Second LAF on reporting Fridays SHORT TERM INSTRUMENTS: Call rates close lower FINANCIAL PERFORMANCE: Marginal rise in Federal Bank net Coimbatore, July 31 Federal Bank’s net profit increased by 1.81 per cent to Rs 68.15 crore for the quarter ended June 2008 compared to Rs 66.94 crore achieved during the corresponding quarter of the earlier ...
FINANCIAL PERFORMANCE:
YES Bank net rises 51%
FINANCIAL PERFORMANCE:
Central Bank net dips 40% Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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