Business Daily from THE HINDU group of publications
Thursday, November 13, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, November 13, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FINANCIAL MARKETS: Rupee falls sharply as FIIs sell in equity market Sensex sheds 303 points, Nifty 90. Mumbai, Nov 12 The rupee fell by Rs 1.20 against the dollar, the sharpest single day fall in the recent past, on heavy dollar demand on Wednesday. Currency dealers said rupee came under pressure as FIIs sold ... CREDIT MARKET: High credit offtake absorbs recent liquidity infusion Corporate paper-gilts spread remains high at over 700 bps. Bangalore, Nov. 12 The effects of a reduction in the Cash Reserve Ratio (CRR) have evaporated as spreads between gilts and top grade corporate papers remained high, at over 700 ... REGULATORY BODIES & RULINGS: Motor insurance set to become dearer Value-added features to come at higher cost. Chennai, Nov.12 Come January 2009, you may have to pay more for your car premium, though you will get wider coverage for the extra money you shell ... CREDIT MARKET: AP bank deposits up 20%, advances 33% in first half Annual credit plan achieved 68% of target, says bankers’ committee. Hyderabad, Nov. 12 The total deposits of the banking sector in Andhra Pradesh registered an increase of 20.12 per cent during the first half of the current financial year ... FINANCIAL MARKETS: ‘G20 must help restore confidence of investors’ Assocham submits list of measures to PM ahead of Washington meet. With an eye on the Prime Minister, Dr Manmohan Singh’s scheduled participation in the G-20 meeting of industrial and emerging economies in Washington on November 15, the ... SHORT TERM INSTRUMENTS: Call rates close lower Call rates closed lower at 7.30-7.40 per cent, as against the previous close of 7.40-7.50 per cent. In the two-day repo auction under the first liquidity adjustment facility (LAF), there were 5 bids for Rs 3,490 crore. There were no reverse ... EVENTS: Thrusting insurance policies along with SHG loans not justified: Reddy Hyderabad, Nov. 12 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has asked bankers not to force life insurance policies on those taking loans under Indira Kranth Patham (IKP) as it is ... DEBT MARKET: Bond yields soften as market factors in rate cut Mumbai, Nov. 12 Debt market dealers are expecting cut in the reverse repo rate by 50 basis ... FIXED DEPOSITS: Wrong direction For over a month, the Finance Ministry, in tandem with the Reserve Bank of India, has been engaged in easing liquidity and reducing the price of credit. Those efforts appear to have paid dividends. Over the past week, following the Finance ... GENERAL INSURANCE: Apollo DKV Insurance Co begins Kerala operations Apollo DKV Insurance Company Ltd on Wednesday announced the launch of its operations in Kerala through an exclusive tie-up with Muthoot Pappachan Group for leading its spread across the ... DERIVATIVES MARKETS: MCX-SX turnover higher than that on NSE Mumbai, Nov. 12 On Tuesday, MCX-SX, the currency exchange floated by Financial Technologies and the Multi Commodity Exchange, has overtaken the currency derivative turnover on the National ... GENERAL INSURANCE: Wipro tool for US health insurer Bangalore, Nov. 12 Wipro Technologies said its supply chain practice is helping Health Care Service Corporation, the largest customer-owned health insurer in the US, to transform their strategic sourcing and procurement ... PUBLIC SECTOR BANKS: More banks cut lending rates Nov. 12 UCO Bank has cut it prime lending rate by 75 basis points at 13.75 per cent, effective November 10, according to a press statement by the ... FINANCIAL INSTITUTIONS: Change of guard at SKS Micro ... LIFE INSURANCE: Aviva Life ties up with Anagram ...
LIFE INSURANCE:
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