Business Daily from THE HINDU group of publications
Wednesday, August 13, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, August 13, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING DERIVATIVES MARKETS: NSE gets SEBI’s nod for currency futures trading Conducts mock trade for IPO arrangement. Mumbai, Aug. 12 Capital markets’ regulator SEBI has given the nod to NSE to offer currency futures ... NEW PRODUCTS & SERVICES: Union Bank launches two funds-transfer services Awaiting RBI guidelines to start mobile banking. Mumbai, Aug. 12 Union Bank of India, the fifth largest public sector bank, on Tuesday launched two ... GOVT BONDS: Bond prices fall on profit booking Bond prices fell by over 40 paise on continued profit booking. Total traded volumes were at Rs 6,945 crore (Rs 9,470 crore). Bond dealers said that selling was seen mainly in the 8.24 per cent-10 year-2018 paper and the 7.95 per cent-24 year-2032 ... FOREX: Rupee declines 20 paise The rupee depreciated by about 20 paise on Tuesday as the dollar strengthened against other major currencies in the global markets. The currency opened at 42.18/20 and weakened to touch an intra-day low 42.44/45. It partially recovered to close ... GENERAL INSURANCE: Makemytrip.com, Apollo DKV tie up Online travel portal Makemytrip.com has tied up with Apollo DKV Insurance Company for a domestic travel insurance solution , a statement said on Tuesday. The new product called ‘Easy Domestic’ travel will cover travel-related risks of ... SHORT TERM INSTRUMENTS: Call rates end higher The inter-bank call rate closed at 9.25-9.30 per cent, marginally higher than the previous close of 9.20-9.25 per cent. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 30 bids for Rs 29,075 ... LIFE INSURANCE: Aegon Religare Life to get Rs 370-cr capital infusion To invest in tech, branch expansion. Mumbai, Aug. 12 Aegon Religare Life Insurance will receive a capital infusion of Rs 370 crore from its promoters in the first year of operation. The company, which launched operations over a month ago, is a ... ALLIANCES & JOINT VENTURES: NHB to take 12.5% in Mahindra Rural Housing Finance To play catalytic role. New Delhi, Aug 12 In a first ever equity investment in a rural housing finance company, National Housing Bank (NHB) will pick 12.5 per cent stake in Mahindra Rural Housing Finance Ltd (MRHFL), which is now a wholly ... INSURANCE: Four new players await IRDA nod Hyderabad, Aug. 12 The insurance sector is likely to become more crowded, with four companies, which are awaiting approval from the Insurance Regulatory and Development Authority (IRDA), starting ... LIFE INSURANCE: Max NY Life, NGO tie up for micro product Hyderabad, Aug. 12 Max New York Life Insurance Company Ltd has launched a micro insurance product with a referral tie-up with the Confederation of NGOs for Rural India ... FINANCIAL MARKETS: Oil fronts commodity collapse That a week is a long time in financial markets was proved yet again last week. ... TECHNICAL ANALYSIS: Rupee under pressure again Declining crude prices and a benign stock market helped the rupee to appreciate towards our first target at 41.7. But the strength in the US dollar arrested the appreciation at that level. The US Dollar Index on FINEX has moved beyond the ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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