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FINANCIAL SERVICES
Almondz Global ties up with Noble Group
Mumbai, Oct. 9 Almondz Global Securities Ltd (AGSL), a financial services company, has tied up with Noble group, an investment bank in UK, to explore cross border business opportunities.One of the areas to be tapped is to help Indian ... More

FOREX
Rupee ends unchanged
More

‘Manufacturing units hit by rising rupee, Chinese imports’
Impose dumping duty on China till they float yuan, says L&T chief More

No escape from a CRR hike
Suddenly, growth worries have surfaced – serious enough for the Finance Minister to call corporate and bank chieftains for a meeting. Banks were asked to take a soft line on interest rates. They will not find it easy to agree. Their ... More

Service cos may show strong Q2 results
Earnings momentum likely to be sustained: Re impact will not be felt More

LIFE INSURANCE
Birla Sun Life expands capital base
Mumbai, Oct 9 Birla Sun Life Insurance has received capital infusion of Rs 100 crore from its promoters taking it to a total of Rs 877 crore. “This has been done to meet the company’s plans on capital expenditure and to ... More

Pay your insurance premiums now through SMS
TAPPING M-COMMERCE More

GENERAL INSURANCE
Air India seeks fog insurance for 5-month period
More

RBI & OTHER CENTRAL BANKS
RBI essay contest for schools
awarded for the first, second and third places in each category and language. -- Our Bureau

PUBLIC SECTOR BANKS
5 banks in AP launch institute to develop entrepreneurship
Rural youth to be trained in emerging areas More

In-principle nod for SBI to raise Rs 10,000 cr
New Delhi, Oct 9 The Government has given an in-principle nod for State Bank of India (SBI) to raise about Rs 10,000 crore of capital, Mr Vinod Rai, Secretary, Financial Services, has said.He however said that the mode through which ... More

GOVT BONDS
Bond prices close higher
More

CREDIT MARKET
SBP offers education loans online
State Bank of Patiala (SBP) has started offering online education loans facility under the SBP-Gyan Jyoti Scheme. The applicant (student, parent/guardian) can now apply online for education loans on a link provided in bank’s Web site. A ... More

Govt committed to financial inclusion
Chidambaram announces 2 funds with Rs 500 cr corpus each More

SHORT TERM INSTRUMENTS
Call rates steady
More

FIXED DEPOSITS
SBI to up low cost deposit base
Mumbai, Oct. 9 State Bank of India has set a target for increasing its Current Account and Savings Account (CASA) deposit base by 300 basis points this year. The bank is also focusing on small and medium enterprises (SMEs) segment to increase ... More

TMB’s new deposit scheme
The Tuticorin-based Tamilnad Mercantile Bank has introduced a new deposit scheme,‘TMB 222 Days Deposit’. The scheme offers higher interest rate for this particular tenor and senior citizens would earn interest rate of 9.25 per ... More

ECONOMIC OFFENCES
Dishonour of cheque: Acquittal of accused by magistrate not appreciable, says HC
In a criminal case pertaining to dishonour of cheques filed before the VII Metropolitan Magistrate, Chennai, the Madras High Court has ruled that if the complainant was not present before the Magistrate Court, it was incumbent upon the ... More

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