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Tuesday, December 09, 2008
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CORPORATE BONDS: LIC to invest Rs 31,000 cr in equities, corporate bonds
Another Rs 18,000-cr investment in G-Secs planned. Mumbai, Dec. 8 Life Insurance Corporation of India (LIC) would invest Rs 31,000 crore in equities and corporate bonds in the next four ...

CREDIT MARKET: Union Bank, HDFC Bank cut lending rates
Deposit rates left unchanged for the time being. Mumbai, Dec. 8 The 100 basis points cut in short-term rates announced by the Reserve Bank of India, as part of its ‘Growth stimulus’ package, last week is beginning to have the ...

FIXED DEPOSITS: Retail deposits continue to pour into banks
Bangalore, Dec 8 Public sector banks have begun losing their appetite for bulk deposits as flow of retail deposits ...

SOFTWARE: ‘Financial sector IT spend may be down up to 20%’
No clarity yet on other sectors, says Cognizant. Bangalore, Dec. 8 Cognizant Technology Solutions said though clients have clearly delayed their budget cycles, the first industry to get serious about their technology budgets is the financial ...

LIFE INSURANCE: New LIC plan offers guaranteed returns
Mumbai, Dec. 8 Life Insurance Corporation of India is planning to garner Rs 25,000 crore through its new ‘single premium’ endowment product offering ‘Jeevan ...

PUBLIC SECTOR BANKS: IOB to take a call on lending rates next week
Signs distribution pact with Universal Sompo. Chennai, Dec.8 Indian Overseas Bank expects to take a call on altering its lending rates next ...

LIFE INSURANCE: SBI Life, Bajaj Capital tie-up
SBI Life Insurance has entered into a broking tie-up with Bajaj Capital Insurance Broking Ltd. This alliance would help SBI Life to distribute its products through Bajaj Capital’s pan India network of investment centres. “The tie-up ...

CONSUMER FINANCE: Toyota Kirloskar plans vehicle financing arm
Hyderabad, Dec. 8 Toyota Kirloskar Motor Pvt Ltd plans to set up a vehicle finance arm to boost sagging sales as banks cut down ...

SHORT TERM INSTRUMENTS: Call rates close lower
...

CONSUMER FINANCE: AEGON Religare unveils new plan
Mumbai, Dec.8 AEGON Religare Life Insurance has launched a single premium guaranteed return plan with the benefit of ...





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Markets (Dec 08)
Nifty (at close)2784.00(+69.60)
US Dollar (Buy/Sell)49.56/57
Brent crude (a bbl) Rs1,947
Gold (a gram) Rs1,138
Silver (a kg) Rs16,900

Cross Currency Rates

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In Focus
Pravasi Bharatiya Divas, Singapore

More

Other Top Stories
Cars become cheaper as industry passes on excise cut benefit

The 30-second password for security

New LIC plan offers guaranteed returns

‘Financial sector IT spend may be down up to 20%’

Israeli help to combat Eucalyptus Gall disease

HC dismisses writ against UP cane support price

Looking back
Nov. 30-Dec. 6
Yields head south as inflation, oil prices continue to slide

Oil cos allowed to sell bonds to RBI

‘India facing knock-on effect of global crises’

Rate cut in the offing

Forex reserves jump $1.9 b

Outsourcing to be sticky issue at wage talks



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