Business Daily from THE HINDU group of publications
Tuesday, January 06, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, January 06, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING DEBT MARKET: RBI may reinstate cap on reverse repurchases Move to contain cross-border arbitrage flows, spur domestic lending. Bangalore, Jan. 5 In a bid to contain cross-border arbitrage flows and exert further downward pressure on interest rates, the Reserve Bank of India is likely to reintroduce the ... INTERVIEW: Karnataka Bank to expand in North Mangalore, Jan. 5 It is the ninth year in office as the Chairman and Chief Executive Officer of Karnataka Bank for Mr Ananthakrishna. When he assumed office as Chairman in July 2000, the bank had registered a business of Rs 7,625 crore ... ECONOMIC OFFENCES: Another Nagarjuna Finance Director remanded Mr G.S. Raju, a Director of Nagarjuna Finance Ltd (NFL), was remanded to judicial custody on Monday by a City Court. Mr Raju was arrested at the international airport in New Delhi on Saturday night, while he was reportedly proceeding to Israel ... FOREX: Rupee closes marginally higher The spot forex market was very volatile on Monday following the rate cut announced by the Reserve Bank of India. The rupee opened at 48.17/20 against the dollar and touched a low of 48.74/75 during the day. It closed at 48.53/56, marginally ... GOVT BONDS: Bond yields drop below 5% Buoyed by the rate cut announcement by the RBI, yields fell below five per cent in intra-day trade, though they closed above five per cent. The bond prices closed down by 80 paise as investors booked profits to take advantage of higher prices. ... SHORT TERM INSTRUMENTS: Call rate ends lower Call rates closed lower at 4.25-4.35 per cent as against the previous close of 4.70-4.80 per cent, on comfortable liquidity in the market following the 50 basis points cut in ... LIFE INSURANCE: Modest growth in new premiums in April-Nov Chennai, Jan. 5 The continuous downturn in equity markets has slowed down the overall growth of the insurance industry. The Insurance Regulatory Development Authority’s numbers on new premium collections for the period April - November ... INVESTMENTS: More banks get ASBA certification Alternative payment facility for IPOs. Mumbai, Jan 5 Investors’ options to apply for the IPOs and rights issues under ASBA, with banks blocking the application money in personal accounts of investors, has become ... PRIVATE BANKS: IBM, Kotak Mahindra Bank in deal ... LIFE INSURANCE: LIC staff seek higher wages Mumbai, Jan. 5 Employees of Life Insurance Corporation of India across the country staged demonstrations in front of their offices on Monday to oppose the management’s proposal of a 12 per cent increase in wages as against the ... GENERAL INSURANCE: ‘Health Saver’ from ICICI Pru Coimbatore, Jan.5 ICICI Prudential Life Insurance has launched a ‘Health Saver’ health insurance ... INTEREST RATES: IDBI Bank cuts rates on MSME loans Mumbai: IDBI Bank on Monday announced a slew of measures to boost flow of credit to Micro, Small and Medium Enterprises ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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