Business Daily from THE HINDU group of publications
Wednesday, January 14, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, January 14, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INSURANCE: ‘Regulators must have say on auditors for MFs, insurers’ Auditor choice should be patterned on public sector banks model, says ICAI. New Delhi, Jan. 13 Call this the Satyam effect. The regulators of mutual funds and insurance industry – the Securities and Exchange Board of India and the ... RBI & OTHER CENTRAL BANKS: TCS bags chunk of World Bank projects serviced by Satyam New Delhi / Mumbai / Bangalore, Jan. 13 Tata Consultancy Services (TCS) has clinched a “significant” portion of World Bank contracts that were previously serviced by Satyam Computer ... FIXED DEPOSITS: Infosys parking funds with public sector banks Chennai/Bangalore Jan. 13 A couple of weeks ago, while waiting in a queue at a wedding reception, one asked the owner of a small and medium scale enterprise about whether he was getting the benefit of lower rates. He didn’t think he ... TECHNICAL ANALYSIS: Rupee under pressure Rupee was unfazed by the Satyam scam that exploded last Wednesday, dragging the Sensex 750 points lower. It did not budge beyond the narrow range within which it has been moving since Christmas. Easing crude prices and muted FII activity ... RBI & OTHER CENTRAL BANKS: Banks urge RBI to relax asset classification norms Fear higher provisioning on account of NPAs could affect profits. Mumbai, Jan. 13 Banks have moved the Reserve Bank of India to temporarily relax the asset classification norm in view of the severe downturn in the country’s economy. ... INTERVIEW: ‘Profitability likely to remain stable due to reduced exposure to risks’ Impact of slowdown can be seen only from Q4. Chennai, Jan. 13 Mr M.V. Nair, Chairman and Managing Director, Union Bank of India, says the year 2009-10 will be a more challenging year for the banking industry as the impact of the slowdown will ... GOVT BONDS: Bond prices rise by 84 paise Bond prices rose by 84 paise on Tuesday on expectations that the Reserve Bank of India would announce an MSS buyback in case an auction announcement is made, said dealers. There is a strong possibility that the RBI would announce an MSS ... SHORT TERM INSTRUMENTS: Call rate ends marginally higher The inter-bank call rate closed marginally higher at 4.20-4.30 per cent, against the previous close of 4.00-4.20 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the reverse ... LIFE INSURANCE: Growth in new biz premium Kotak Mahindra Old Mutual Life Insurance has registered a growth of 63 per cent in its fresh business premium collections in the period April-December. The company collected Rs 788 crore in the six month period, against Rs 486 crore in the year ... FOREX: Rupee breaches 49-mark Mumbai, Jan. 13 The rupee declined by about 30 paise and closed above the 49 mark due to dollar demand and tracking the volatile equities ... FINANCIAL SERVICES: Financial Literacy centre opened ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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