The Hindu Business Line : Monday, September 22, 2008

MONEY & BANKING

VENTURE CAPITAL: Bargain hunting funds enter as American VCs exit
Bangalore, Sept. 21 A new breed of venture capitalists is quietly beginning to enter Indian markets even as American VCs are actively exiting ...

HUMAN RESOURCES: South Indian Bank lets offspring inherit their parent’s job
‘SENTIMENTAL’ APPOINTMENTS. Coimbatore, Sept. 21 Who says only those to the manor born inherit papa’s corner room? Even if you are the son or daughter of a humble bank clerk, you may well stand to inherit your dad or ...

DEBT MARKET: Bonds pause on FIIs’ exit
Weak oil prices fail to improve sentiments; liquidity remains tight. Bangalore, Sept. 21 Bonds paused their upward momentum with the massive exit of foreign ...

FOREX: Hedge Equities enters currency futures
The Kochi-based Hedge Equities, having made its presence felt in share market, has forayed into currency futures. This facility will serve as a hedging tool to export import agencies when they are faced with volatility of the dollar. Futures ...

POLICY: ‘Stricter laws for banking sector will be based on need’
The Union Ministry of Finance will, if needed, introduce stricter laws for regulating the banking industry, the Union Finance Minister, Mr P. ...

PUBLIC SECTOR BANKS: Allahabad Bank to embark on expansion drive
Kolkata, Sept. 21 Allahabad Bank, according to its Chairman and Managing Director, Mr K.R. Kamath, proposes to focus on the expansion of client base and enlargement of resources ...

FINANCIAL INSTITUTIONS: NEDFi posts 20% growth in overall biz at Rs 476 cr
Kolkata, Sept. 21 North Eastern Development Finance Corporation Ltd (NEDFi) reported 20 per cent growth in overall business at Rs 475.50 crore for the financial year 2007-08, according to a press statement issued by NEDFi. The net ...

RBI & OTHER CENTRAL BANKS: Bias towards exporters
Why is the RBI partial towards exporters whereas it should be helping the importers? Shouldn’t it strive for a ...

FOREX: Currency futures
I am a resident of India. Can I participate both in the NSE’s currency futures market as well as in the Dubai currency futures market for the ...

DIVIDEND ANNOUNCEMENT: Dhanalakshmi Bank dividend
The board of directors of Dhanalakshmi Bank has approved a five per cent dividend to all its shareholders for last year. The AGM of the bank, slated for September 27, is expected to approve the dividend proposal. The bank’s net profit grew ...