The Hindu Business Line : Thursday, October 02, 2008

MONEY & BANKING

FOREX: Trade deficit surges to $49.1 b during April-Aug
Exports register 27% growth, imports rise 51% in August. New Delhi, Oct. 1 Even as the country’s exports and imports registered a substantial growth 35.1 per cent and 37.7 per cent in dollar terms, respectively, during the first five ...

INVESTMENT BANKING: Accounting for greed?
A Sanskrit proverb translates as “If you forsake a certainty for an uncertainty, you will lose both the certainty and the uncertainty”. Any medical practitioner worth his fees would advise you that anything in excess is harmful. ...

MORTGAGE: Greenspan: Revered to reviled?
He was hailed as the greatest central banker of all time (This writer thought so too). But former US Fed Chairman Mr Alan Greenspan’s reputation is heading towards ...

GENERAL INSURANCE: United India bags IOC’s mega policy
To share risk through syndication with other public insurers. Bangalore, Oct. 1 Public sector United India Insurance Company Ltd (UIIL) bagged the prestigious Indian Oil Corporation mega risk cover at a premium of Rs ...

FOREX: Daily currency futures limit may be raised
BSE launches trading in currency futures. Mumbai, Oct. 1 The financial regulators are likely to consider the demand of traders to raise the daily currency futures limit of $5 million, said the SEBI Chairman, Mr C.B. ...

FOREX: Rupee recovers from lows
The rupee touched a five-year low of 47.23 against the dollar during trade on Wednesday, due to the overall strengthening of the dollar in the overseas markets. However, intervention by the central bank and dollar selling by corporates helped ...

CREDIT MARKET: ‘Credit demand picking up’
Fall-out of ECB slowdown: M.V. Nair. Kochi, Oct. 1 After a temporary lull during the first quarter of the current fiscal, demand for credit has begun to pick up in the Indian ...

LIFE INSURANCE: ULIPs popular despite market crash: LIC chief
Mumbai, Oct. 1 Despite the crash in the stock markets, there is no decisive shift from unit-linked insurance plans (ULIPs) to traditional policies, said Mr T. S. Vijayan, Chairman, Life ...

CRR & BANK RATES: RBI unlikely to cut CRR
New Delhi, Oct. 1 The Finance Ministry does not expect the Reserve Bank of India to effect a cut in cash reserve ratio (CRR) in its mid-term monetary policy review slated for October 24. Policy rates are also likely to remain untouched, ...

INSURANCE: Insurers urged to offer ‘combo’ micro products
Mumbai, Sept. 30 Insurance companies should come up with products that offer a combination of life and non-life cover for the micro insurance segment, said Mr Tarun Bajaj, Joint Secretary (B&I), Ministry of Finance, Department of ...

PERFORMANCE: Dakshina Kannada banks cross Rs 17,800-cr mark
Mangalore, Oct. 1 Banks in Dakshina Kannada have crossed a business level of Rs 17,805 crore as on June ...

FINANCIAL MARKETS: High level panel debates liquidity, P-Notes
The High level Co-ordination Committee (HLCC) on financial markets which met here on Wednesday is understood to have discussed ways to ease the tight liquidity situation in the ...

HOUSING FINANCE: Ganesh Housing calls EGM
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PEOPLE: New Karnataka Bank DGMs
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GOVT BONDS: Bond prices gain on value buying
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SHORT TERM INSTRUMENTS: Call rates hit 17.25%
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PEOPLE: Aviva names new CEO
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CORPORATE BONDS: Karnataka Bank raises Rs 200 cr
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