The Hindu Business Line : Tuesday, June 12, 2007

FOREX
`On a structural basis, rupee may keep appreciating against dollar'
The rising rupee should help reduce imported inflation, particularly that of necessities such as crude oil. More

Rupee gains 34 paise on FII inflows
The rupee appreciated by 34 paise against the greenback beyond the psychological level of 41 on Monday, backed by strong FII inflows into the market. The domestic currency opened at 40.98/99 and saw an intra-day low of 41.04/05 ... More

GENERAL INSURANCE
PSU general insurers clock rise in premium
The premium collected by the four Government general insurance companies in Kerala increased by 14 per cent to Rs 769.47 crore in 2006-07, up from Rs 674.66 crore during the previous year. "United India Insurance, Oriental Insurance, National ... More

Barclays ties up with ICICI Lombard
Barclays Bank PLC, which recently launched retail banking services in India, has tied up with ICICI Lombard General Insurance Company Ltd for bancassurance. ICICI Lombard will provide exclusively designed non-life insurance products for ... More

Iffco-Tokio General sets modest growth target
`Company not launching new products in the immediate future' More

DEBT MARKET
Bonds crash after RBI news
Bond prices crashed by nearly a rupee reacting to RBI's announcement of Treasury bill and government security auctions worth Rs 22,000 crore this week. The total traded volumes on the order matching system were Rs 2,510 crore (Rs ... More

PUBLIC SECTOR BANKS
Value buying seen in UCO Bank
A set of operators has recently began market-making in the UCO Bank. Market insiders say that a group of Mumbai and Kolkata punters has started picking up the stock at the current levels of Rs 23/Rs 24, betting on it fundamentals. The stock ... More

CREDIT MARKET
Film financing scripts happy tale for bankers
`Stringent selection criteria mitigating risks' More

SHORT TERM INSTRUMENTS
Call rates close at 3-3.25%
The inter-bank call rates rose from its week-long low of 0.2-0.75 per cent to close at 3-3.25 per cent on Monday against the previous close of 0.25-0.35 per cent backed by the announcements of government securities and Treasury ... More

FIXED DEPOSITS
Indian Bank hikes FCNR (B), NRE rates
Indian Bank has hiked interest rates offered on non-resident Indian (NRI) deposits with effect from June 1. For foreign currency non-resident (B) deposits in US dollar, the revised interest rate has been pegged at 4.64 per cent ... More

INTERVIEW
TMB plans public issue, internal restructuring
"IPO is not only to give an exit route to our new investors, but also in order to let the market discover the true worth of the bank,'' he says More

PEOPLE
New CMD for Oriental Bank
Oriental Bank of Commerce (OBC) has a new Chairman and Managing Director in Mr Alok Kumar Mishra. Mr Mishra assumed charge with effect from June 4, the OBC informed the National Stock Exchange in a recent filing. Prior to his ... More

NEW PRODUCTS & SERVICES
Bajaj Allianz launches new health, life cover
Bajaj Allianz Life has launched a product called `Bajaj Allianz Care First' which provides health as well as life cover. This plan provides a common sum assured which can be utilised in case of hospitalisation cover for treatment as well as a ... 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
Air Deccan expects to break even before 2008-end

BSNL seeks consultants' help as market share declines

Chennai port plans ro-ro car terminal

Gilt funds see redemption on rate increase fear

Petrol, diesel retail price to be reviewed in mid-July

`On a structural basis, rupee may keep appreciating against dollar'

Electoral dataspeak — Cast a vote for reforms

Changi, Tatas jointly bid for three airports in Karnataka

Looking back
Jun. 3-Jun. 9
China's smart strategy of investing in US private equity

Govt formulates scheme to help exporters hedge

Rupee in the driver's seat!

`We're planning to channelise, lend more in old truck segment'

Volvo Car India looking at preferred finance solution partner

Ministry may tweak branch norm on EDs appointment

Barclaycard eyes partnerships for growth