The Hindu Business Line : Thursday, August 25, 2005

Rupee slides to 3-mth low on fall in FII inflow
THE rupee slid to a near three-month low on the back of a fall in foreign institutional inflows into the Indian equity markets and a strong dollar demand in the wake of firming crude oil prices. Dealers said oil companies' heavy demand for ... More

Yuan revaluation — No big advantage for India
India may not really benefit from the yuan revaluation. This is because of its poor competitiveness in the international market, domestic policy constraints, and limited overlapping of export products with China. New Delhi must address such issues as the inflexible labour laws, high cost of business infrastructure, inefficient logistics and, of course, corruption. More

Rupee weakens as oil firms step up dollar-buying
THE rupee further weakened against the US currency on Wednesday as oil companies increased dollar purchases and the market recorded a slowdown in foreign institutional inflows. The rupee opened at 43.68/6943, lower than Tuesday's closing at ... More

INSURANCE

TCS centre for insurance practice
TATA Consultancy Services (TCS) on Wednesdaylaunched a dedicated insurance solutions centre (ISC) in Chennai to provide end-to-end insurance solutions to global customers. The company has invested Rs 14 crore in the centre, which will provide ... More

LIFE INSURANCE

Bharti ties up with AXA for life insurance venture
THE domestic life insurance sector will have a new player with the Bharti group entering into a joint venture with one of the world's largest insurers — AXA. The company will commence business during the first half of 2006 after obtaining ... More

FINANCIAL INSTITUTIONS

ECGC settles claims on insolvency of large importer
EXPORT Credit Guarantee Corporation of India Ltd (ECGC) has settled claims aggregating to Rs 10.46 crore, in favour of three exporters of diamond and gold jewellery on account of insolvency of a large buyer in the US. This buyer who used to ... More

TRADE & LABOUR UNIONS

Bank employees seek more credit for farm sector
THE United Bank of India Employees' Union (UBIEU), affiliated to the Bank Employees Federation of India, wants greater credit for the farm sector at cheaper rates of interest to revive the rural sector, according to Mr D. Mohan Kumar, ... More

ALLIANCES & JOINT VENTURES

Gecis, Liberata tie up for UK pension market
NEW DELHI: The business process outsourcing (BPO) company Gecis and UK-based Liberata have announced a partnership to offer the UK life and pension industry an integrated outsourcing solution. This aims at combining low cost and low risk ... More

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