The Hindu Business Line : Saturday, June 21, 2008

FOREX
Forex reserves slump by $4.9 b
Mumbai, June 20 The country’s foreign exchange reserves plummeted by $4.973 billion to $310.687 billion for the week-ended June 13. According to agency reports, this is the biggest fall in reserves in a single week in the last two and ... More

TCS, Infosys post slower EVA growth
Rupee appreciation pulled down value addition last year More

Rupee rises on RBI intervention
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HOUSING FINANCE
NHB in talks with insurers
Hyderabad, June 20 National Housing Bank (NHB) is in talks with insurance companies for introducing a comprehensive deferred annuity insurance product to be tagged with Reverse Mortgage Loans (RML). The product, once introduced, would ... More

LIFE INSURANCE
GIC signs pact with Hannover Re
To jointly market, service life reinsurance business More

GENERAL INSURANCE
United India micro office
United India Insurance has opened its micro office on Sathanur main road in the city.The Chief Regional Manager, Indian Overseas Bank, Ms Renuka Mohan Rao, declared the office open at a brief function. In her inaugural address, she recalled the ... More

Plea on health insurance
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DEBT MARKET
Bond prices drop by over Re 1
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SEBI move on debt investment limits
SEBI has asked some of the FIIs, who have not utilised their allocated investment limits in debt instruments (Government securities and corporate debts), to use it within 15 days. The regulator said that if the respective investment limit is not ... More

DERIVATIVES MARKETS
SEBI clears Exchange Traded Currency Futures
Mumbai, June 20 The SEBI board on Friday decided on the introduction of Exchange Traded Currency Futures Market. A SEBI release said the board took note of the report of the RBI-SEBI Standing Technical Committee on Exchange Traded ... More

PRIVATE BANKS
ICICI Bank to focus on pvt banking
Mumbai, June 20 ICICI Bank will focus on private banking, wealth management and advisory services, and raising low-cost deposits within the retail segment this fiscal, said Mr V Vaidyanathan, Executive Director, ICICI Bank. Mr ... More

PUBLIC SECTOR BANKS
IOB-Sampoorna scheme extended
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INTEREST RATES
Case for hike in lending rates
Mumbai, June 20 Talks of another rate hike by the Reserve Bank of India have become louder, as the inflation for the week ended June 7, 2008 touched 11.05 per cent. A double-digit inflation of around 10 per cent was anticipated, considering ... More