Business Daily from THE HINDU group of publications
Thursday, December 11, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, December 11, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
MONEY & BANKING GENERAL INSURANCE: Mumbai terror strike costs insurers Rs 1,400 cr Estimates of third-party liabilities being worked out. Bangalore, Dec. 10 Terrorist strikes on Mumbai’s Taj and Oberoi-Trident hotels have dented insurance companies’ balance sheets by Rs 1,400 ... HOUSING FINANCE: Affordable homes: Will builders match Govt’s moves? Mumbai, Dec. 10 Top bankers from State-owned banks will be going into a huddle on Thursday in New Delhi to discuss the nitty-gritty of the “home loan package” which the Government wants them to ... FOREX: Rupee gains 60 paise on $ inflows The rupee registered major gains against the greenback on Wednesday on sustained dollar inflows. The currency appreciated by 60 paise buoyed by the positive sentiment in the stock markets, said dealers. The rupee opened at 49.20/ 25 ... GOVT BONDS: Bond prices gain 54 paise Bond prices gained about 54 paise on hopes of further cuts in repo and reverse repo rates by the Reserve Bank of India in January, according to dealers. With falling oil prices, inflation is also expected to come down further, said a dealer with ... PUBLIC SECTOR BANKS: United Bank cuts FCNR, NRE rates United Bank of India has reduced the interest rates on FCNR and NRE deposits effective December 1. For FCNR (B) deposits, the revised rates of interest on dollar deposits of various tenure are as follows: one-to-less than two years at 3.77 per ... SHORT TERM INSTRUMENTS: Call rates end steady Call rates closed at 5-5.10 per cent, as against the previous close of 5-5.25 per cent. In the one-day repo auctions under the first and the second liquidity adjustment facility (LAF), there were no bids. In the reverse repo auction, the ... CORPORATE BONDS: Corporation Bank bond issue Corporation Bank on Wednesday informed the Bombay Stock Exchange that it proposes to raise Rs 300 crore through an issue of upper tier II bonds. The tenor of the bond will be for 15 years. The annual coupon will be 10.10 per cent for the first ... GENERAL INSURANCE: More pilgrims opting for insurance cover New Delhi, Dec. 10 If prayers fail, there is always insurance to fall back on. Sabrimala pilgrims, some of whom will be making a long tiring journey to the shrine of Lord Ayyappa, in these months, will now be able to buy medical cover at ... CORPORATE BONDS: Rs 10,000-cr fertiliser bonds issued ... HUMAN RESOURCES: Promotions at Dhanalakshmi Bank Kochi, Dec. 10 The Thrissur-based Dhanalakshmi Bank has drawn up plans to put itself in the fast-track, pursuant to Mr Amitabh Chaturvedi taking over as Managing Director & CEO of the bank in ... FOREX: Forex for travel: norms relaxed Mumbai, Dec. 10 The Reserve Bank of India has now made buying foreign exchange for travel overseas easier. Travellers can now buy foreign exchange from authorised dealers using their debit, credit and prepaid cards, according to a ... RBI & OTHER CENTRAL BANKS: Monitor clients’ forex exposure, RBI tells banks Mumbai, Dec. 10 The Reserve Bank of India on Wednesday directed all scheduled commercial banks having large foreign currency exposures to clients — about $25 million or its equivalent — to monitor and review on a monthly ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
|
The Hindu Group:
Home | About Us | Copyright | Archives | Contacts | Subscription
Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line |
RSS Feeds