Business Daily from THE HINDU group of publications
Saturday, August 23, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Saturday, August 23, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING OVERSEAS INVESTMENTS: Sharp decline in Indian holdings of US treasuries Shift to oil bonds, other currencies. Bangalore, Aug. 22 Indian institutions’ holdings of US treasuries dropped $3.3 billion in June this year with the launch of special market operations by the Reserve Bank of India to extend support ... INVESTOR PROTECTION: Banks told to review inoperative accounts ‘Interest on such accounts should be credited’. Mumbai, Aug. 22 Banks must play a more pro-active role in finding the whereabouts of account holders whose accounts have remained inoperative and must also continue to pay the ... GOVT BONDS: Bond prices up on value buying Bond prices rose by almost Re 1 due to value buying. In a market that was devoid of too many sellers, prices moved in a one way downward direction. “Technically the market was oversold. Therefore, the current levels seem good for buyers to ... FOREX: Rupee rises on dollar inflows The rupee appreciated against the dollar due to foreign investment inflows into the market. The domestic currency opened at 43.51/52 and touched an intra-day high of 43.34/35. It then dropped to end the day finally at 43.42/43, against the ... FIXED DEPOSITS: UCO Bank new bucket for deposits UCO Bank has created a new bucket for deposits for one-year time frame and is offering 10.10 per cent per annum, effective August 22. Earlier, the bank did not have any deposit falling exactly into the one-year duration. The interest rate for ... SHORT TERM INSTRUMENTS: Call rates end higher The inter-bank call rates closed higher at 9.7-9.8 per cent against the previous close of 9.00-9.25 per cent, as the liquidity was tighter. The Reserve Bank of India received and accepted 27 bids for Rs 32,765 crore in the three-day reverse repo ... ALLIANCES & JOINT VENTURES: Star Union Dai-ichi insurance venture in two months’ time Mumbai, Aug. 22 Star Union Dai-ichi, the proposed new insurance venture promoted by Bank of India, Dai-ichi and Union Bank, will begin operations with a capital base of Rs 250 crore, which will be hiked to Rs 450-500 crore in the next five ... HUMAN RESOURCES: Insurance sector to see significant growth: IRDA chief Hyderabad, Aug. 22 The shortage of trained personnel is a big challenge for the insurance industry, said Mr J. Harinarayan, Chairman, Insurance Regulatory and Development ... LIFE INSURANCE: Tata AIG Life to increase equity exposure Tata AIG Life Insurance Company Ltd will look to ramp up its equity exposure this year as it has an opportunity to buy stocks in a falling market scenario, Mr Trevor Bull, Managing Director, Tata AIG Life, said here on ... FOREX: Forex reserves slip to $296 b Mumbai, Aug. 22 The country’s foreign exchange reserves fell to $296 billion for the week ended August 15, from $300 billion in the previous ... ALLIANCES & JOINT VENTURES: PNB, MITCON sign pact Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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