Business Daily from THE HINDU group of publications
Tuesday, January 13, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, January 13, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING RBI & OTHER CENTRAL BANKS: World Bank reveals Wipro, Megasoft were barred, too Much ado about nothing, say cos. Bangalore/New Delhi/Mumbai, Jan. 12 In a further setback to the Indian IT sector, the World Bank made public it has barred Wipro Technologies and Megasoft Ltd since 2007 from receiving direct contracts under its ... DEBT MARKET: More banks set to tap bond market to raise capital Falling yields see many Tier-II, debt issues. Mumbai, Jan. 12 With the easing of yields and the likelihood of a further fall, there has been a flurry of Tier-II and perpetual debt issuances by banks to raise capital. Most banks will be required ... GENERAL INSURANCE: GIC favours portability of policies below Rs 1 lakh Formal guidelines to be sent to IRDA soon. Hyderabad, Jan. 12 If you have a health insurance policy with a cover below Rs 1 lakh, you may soon be able to enjoy portability of your policy from one insurance provider to ... FOREX: Rupee weakens tracking equities Rupee weakened as it tracked the fall in the domestic equity market. The rupee opened lower at 48.50 and moved downwards in a single direction during the day. It closed at 48.85, against Friday’s close of ... GOVT BONDS: Bond prices zoom Bond prices rose sharply as there was no announcement of the scheduled auction from the Reserve Bank of India, said dealers. The prices rose by Rs 3.15 on Monday, after the sharp fall on Friday. There was a lot of buying interest from ... GENERAL INSURANCE: Bharti AXA expands capital base Bharti AXA General Insurance Company has infused an additional capital of Rs 60 crore, taking the total capital base of the company to Rs 190 crore. The additional capital would be deployed towards branch network expansion and IT systems. By ... LIFE INSURANCE: LIC ties up with insurance portal Life Insurance Corporation of India has tied up with an insurance portal Policy Bazaar.com to sell its policy Jeevan Aastha online. The consumers would now be able to get the details of the policy online and make purchases, a press release said. ...
LIFE INSURANCE:
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