The Hindu Business Line : Tuesday, May 08, 2007

FINANCIAL SERVICES
Hadi Express opens second branch in Sharjah
Hadi Express Exchange, which is being provided management support by South Indian Bank, has opened its second branch in Sharjah. Mr Yusuff Ali, Director of the Abu Dhabi Chamber of Commerce, inaugurated the branch. Dr V.A. Joseph, Chairman ... More

INSIGHT
World Bank's problem Paul
When Mr Paul Wolfowitz was appointed President of the World Bank, developing countries were dismayed . Once he took over the functioning of the Bank, the staff described the atmosphere as "at a funeral." Mr Moises Naim, editor of ... More

FOREX
Garment exporters worried over rising rupee
Hope for RBI intervention to keep exports competitive More

Rupee ends flat; touches intra-day high of 40.54
Software and service exporters are the losers from the rupee gains, said Credit Suisse report. More

FINANCIAL PERFORMANCE
Union Bank Q4 net up 57% on higher net interest income
Full-year net profit climbs 25% to Rs 845 cr More

J&K Bank Q4 net profit jumps 99%; to pay 115%
J&K Bank has reported a 98.64 per increase in net profit for the fourth quarter ended March 31, 2007 at Rs 45.27 crore against Rs 22.79 crore recorded in the same period in the previous year. Total income stood at Rs 256.35 crore (Rs 240.83 .. More

INTEREST RATES
RBI tells banks to keep loan rates reasonable
Deposit rates may be pruned to protect margins More

UBI cuts home loan rates
Union Bank of India has taken the lead in cutting interest rates on home loans below Rs 20 lakh by 50 basis points with immediate effect. On April 24, the RBI reduced the risk weightage on residential housing loans to individuals from the ... More

Chidambaram rejects demand for hike in post office small savings rates
Says average G-sec yields will continue to be rate benchmarks More

GOVT BONDS
Bond prices rise on liquidity
Bond prices closed higher by 5-10 paise on an improvement in liquidity. Total traded volumes on the order-matching system were around Rs 900 crore (Rs 1,080 crore). Dealers said with call rates cooling from 8-9 per cent last ... More

SHORT TERM INSTRUMENTS
Call rates end lower
Call closed lower at 6.25 - 6.50 per cent on Monday against the previous close of 7.25 - 7.50 per cent. In the first one - day reverse repo auction, the RBI received five bids for Rs 4,100 crore while it accepted Rs 2,000 ... More

TRADE & LABOUR UNIONS
PSU general insurance officers to go on strike
Officers of the four public sector general insurance companies have decided to go on a national strike on May 18, protesting against the unilateral implementation of the revised promotion policy and the transfer-mobility policy for ... More

STANDARDS & BENCHMARKS
Basel II: PSBs minimise investment risks
Prefers to T-Bills to avert depreciation losses More

PEOPLE
Sanjay Sinha is CIO of SBI Mutual
Mr Sanjay Sinha, Head of Equities, SBI Mutual Fund, will take over as Chief Investment Officer of the mutual fund from June 1. Mr N. Sethuram Iyer, present CIO, who was on deputation from State Bank of India, will go back to the ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Garment exporters worried over rising rupee

Bharti Enterprises ties up with Global Retail

Rupee ends flat; touches intra-day high of 40.54

Ocean freight rates shoot up

Maruti drives in the SX4 sedan

Pepper exports surge 56% in 2006

Looking back
Apr. 29-May. 5
Rising oil prices, inflation fears keep bonds steady

Andhra Bank full-year net up 11% at Rs 538 cr

`In India, Barclays can piggyback on ABN Amro's retail franchise'

Outreach efforts have seen return of customers: BoB

The myth of emerging market risk

Strong rupee may reduce imported radial prices by 5%

Forex reserves rise $254 m on FII inflows

Rupee gains 25 paise