Business Daily from THE HINDU group of publications
Tuesday, August 26, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, August 26, 2008 ePaper | Mobile/PDA Version | Audio |
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MONEY & BANKING FARM CREDIT: ‘Big farmers corner bulk of direct farm credit’ M.S. Swaminathan calls for organic, conservation farming. Chennai, Aug. 25 The minimum support price offered by the Government to farmers must cover their costs and offer at least 50 per cent more as against the current levels of 15 per cent ... GOVT BONDS: Banks seek ‘repo’ status for special govt bonds Few takers for illiquid papers, cost of funds high. Bangalore, Aug. 25 Faced with continuing liquidity squeeze, some banks have begun pushing for making special government securities eligible for repurchase operations of the Reserve Bank of ... DERIVATIVES MARKETS: MCX gets SEBI nod for launching currency futures Mumbai, Aug. 25 The Multi-Commodity Exchange (MCX) on Monday received in-principle approval from the market regulator Securities Exchange Board of India (SEBI) for launching currency futures through its newly-formed subsidiary MCX Stock ... MORTGAGE: FIPB nod sought for mortgage guarantee co NHB, AIG arm, IFC, ADB to float joint venture. New Delhi, Aug 25 National Housing Bank alongwith United Guaranty Corporation, International Finance Corporation and Asian Development Bank, has sought FIPB’s approval to form a mortgage ... PUBLIC SECTOR BANKS: Corp Bank’s product for students Corporation Bank has designed a product – Corp New Gen – especially for students. The product designed in association with Interact Clubs under Rotary International District 3201 aims to inculcate savings habit among youth. “We ... GOVT BONDS: Bond prices firm up Bond prices gained by 55 paise on Monday due to expectations of slowdown in oil prices, said bond dealers.Bond prices opened higher by 80 paise compared to Friday’s close. But, later on, prices fell by around 50 paise on profit ... INTEREST RATES: IDBI Bank hikes deposit rates PUBLIC SECTOR BANKS: Advance tax collection branches The Reserve bank of India has authorised 965 branches of public and private sector banks to accept advance income tax collections in Mumbai and Navi Mumbai.These include 900 public sector banks’ branches, 36 HDFC Bank branches, 19 ... SHORT TERM INSTRUMENTS: Call rates close lower DERIVATIVES MARKETS: Finance Minister to attend NSE’s currency futures launch on Aug 29 To meet SEBI officials too. Mumbai, Aug. 25 The Finance Minister, Mr P. Chidambaram, will attend the launch of currency futures at the National Stock Exchange later this week. NSE is scheduled to launch currency futures trading on ... INSURANCE: Ministry of Statistics offers to share data with insurers Hyderabad, Aug. 25 The Union Ministry of Statistics and Programme Implementation, is ready to share vital data with the insurance companies and provide consultancy, according to Dr Pronab Sen, Chief Statistician and Secretary of the Ministry. ... FOREX: Currency futures to benefit broking cos FII absence can reduce liquidity. Considerable interest is being generated by the impending launch of the rupee futures in India. ...
FOREX:
Rupee down by 35 paise Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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