The Hindu Business Line : Wednesday, August 27, 2008

MONEY & BANKING

INTEREST RATES: Govt allays industry’s fears on slowdown
New Delhi, Aug. 26 India Inc has demanded proactive solutions from the Government on its concerns of increase in interest rates and signs of slowdown in consumer demand, with exorbitant interest cost impinging on its future investments. ...

FOREX: Rupee breaches 44-mark on a day of volatile movement
Mumbai, Aug. 26 The forex market saw choppy and volatile movement with the rupee breaching the psychologically important level of 44 to a dollar. ...

M-COMMERCE: Mobile banking guidelines likely in a fortnight
Banks see growth opportunity even as security concerns weigh. Mumbai, Aug. 26 As Indian banks gear up to offer mobile banking as the next step in payment systems, they also need to address customer concerns with regard to security. ...

INVESTMENTS: Festive flavour, falling rates trigger coin demand
GOING FOR GOLD. Coimbatore, Aug. 26 On at least one parameter of retail consumption — gold — there is no sign of a slowdown! On the contrary, there is a sign of a pick up in demand. Bankers selling gold coins confirm that there has ...

FOREX: Rupee impact: Mixed signals for textiles in short term
Cos foresee margins going up in the fourth quarter. Kolkata, Aug. 26 A sharp depreciation of rupee against greenback and the appreciation of the local currency against euro and strong rise in cotton prices in the recent weeks appear to have a ...

FOREX: Re @ 44: Analysts see no immediate impact on equities
Say US economy is more critical. Mumbai/Kolkata, Aug. 26 Marketmen believe the weakening rupee, which breached the crucial 44 mark against the US dollar, may not impact the equity markets, at least in the short-term. ...

TECHNICAL ANALYSIS: Strong support at 44 for rupee
Demand for dollar from importers coupled with renewed strength in the dollar made the rupee decline below the psychological 44 mark on Tuesday. A wobbly equity markets and continued sales by foreign institutional investors aided the decline. ...

LIFE INSURANCE: Max NY Life unveils new brand positioning
New Delhi, Aug 26 Max New York Life Insurance Co Ltd plans to expand aggressively in the South this fiscal, a top company official has said. ...

GOVT BONDS: Bond prices gain by 55 paise

INTEREST RATES: SBT hikes term deposit rates
Thiruvananthapuram, Aug. 26 State Bank of Travancore (SBT) has increased the interest rates for domestic term deposits and non-resident ordinary term deposits with effect from August ...

PEOPLE: Will Reddy get extension?
New Delhi, Aug. 26 With less than 10 days to go before the Reserve Bank of India Governor, Dr Y.V. Reddy’s five-year stint comes to an end, speculation is rife in financial circles and corridors of power here that he may be asked to ...

SHORT TERM INSTRUMENTS: Call rates steady

INSURANCE: IRDA revises investment norms for insurers
Hyderabad, Aug. 26 The Insurance Regulatory and Development Authority (IRDA) has amended the regulations on investment of insurance ...

FINANCIAL MARKETS: US economy: Between zero growth and recession?
It is the most often heard question these days. When will the crisis afflicting First World financial institutions ...

HOUSING FINANCE: Project to study housing finance
The Justice K.S. Hegde Institute of Management (JKSHIM) at Nitte in Udupi district has been entrusted a research project on “cross-country experiences in housing finance” by the Indian Institute of Banking and Finance, Mumbai. A press ...

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Markets (Aug 26)

Nifty (at close)	4337.50(+2.15)
US Dollar (Buy/Sell)	44.01/02
Brent crude (a bbl) Rs	4,933
Gold (a gram) Rs	1,094
Silver (a kg) Rs	20,295

Cross Currency Rates

In Focus
Remembering Ramachander

More

Other Top Stories
Idea Cup renews advertiser interest in cricket

Re @ 44: Analysts see no immediate impact on equities

Commodity exchanges turnover drops

US economy: Between zero growth and recession?

TCIL stake sale in Hexacom gets DoT nod; Bharti may pick up 30% stake

Satyam may gain Rs 1,000 cr if rupee level holds: CFO

Nano will roll out from Singur in Oct: Buddhadeb

Looking back
Aug. 17-Aug. 23
SIDBI urged to disclose disbursement details

Bonds remain flat as inflation worry looms

SBI officers’ strike hits branch operations

Inflation or terms of trade adjustment?

General insurers may be allowed to tap capital market this fiscal