Business Daily from THE HINDU group of publications
Saturday, January 17, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, January 17, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING LIFE INSURANCE: LIC nominee appointment on Satyam board lifts co’s stock Lazard Asset, Swiss Finance sell stake. Mumbai, Jan. 16 Satyam shares gained close to 40 per cent in intra-day trade on Friday after closing 32 per cent down on ... HOUSING FINANCE: PSU banks want lowering of risk-weight on small home loans Mumbai, Jan. 16 After falling in line with the Government’s diktat to extend home loans of up to Rs 20 lakh at concessional rates of interest, public sector banks now want their pound of ... INTEREST RATES: HDFC cuts rates on new home loans Offer open till February. Mumbai, Jan. 16 Housing finance major HDFC has cut interest rates by about 50 basis points on new floating home loans for a limited ... FIXED DEPOSITS: Pvt banks want deposit insurance cap hiked Flight of funds to PSBs poses liquidity problems, hits low-cost deposits. Bangalore, Jan. 16 Faced with a flight of deposits, private sector banks have approached the Reserve Bank of India for enhancing the deposit ... FOREX: The exchange rate scenario As a result of the opening up of the economy, the rupee has been exposed to global trends in forex flows and exchange rates. Like a quick-change artiste, the rupee, after appreciating for quite some time, started depreciating dramatically and is ... CREDIT MARKET: RBI gets data on Satyam exposure Hyderabad, Jan. 16 The Reserve Bank of India (RBI) has received complete data on banks’ exposure to Satyam Computer Services Ltd and ... FINANCIAL INSTITUTIONS: Unitech tumbles as IFCI offloads 1.75 cr shares Children’s Investment Fund sells stake in Bank of Baroda. Mumbai, Jan. 16 Unitech fell by more than seven per cent on Friday as heavy selling in the stock pushed it down on ... FINANCIAL PERFORMANCE: Federal Bank Q3 net doubles Lending rate reduced by 50 bps. Coimbatore, Jan. 16 Federal Bank’s top line growth is not much, but its bottom line (net profit) jumped 98.1 per cent to Rs 203.89 crore for the quarter ended December 2008 against Rs 102.92 crore during the ... LIFE INSURANCE: Bharti AXA’s plans Bharti AXA General Life Insurance Company Ltd, a joint venture between Bharti Group and global financial services firm AXA Group, is to tap alternative distribution channels to boost its business. The alternative distribution channels will ... CREDIT MARKET: Tight global liquidity further drags down weak freight market Mumbai, Jan. 16 Shipping companies appear to be facing delays in issue of Letters of Credit (LC) due to the tightening global liquidity position, which is further dragging down an already weak ... GENERAL INSURANCE: Questions over health cover renewal Hyderabad, Jan. 16 Will the crisis-ridden Satyam Computer Services be able to renew premium on health insurance to thousands of its employees, before January ... FOREX: Forex reserves dip $481 m Mumbai, Jan. 16 The foreign exchange reserves decreased by $481 million to touch $254.759 billion for the week ended January ... SHORT TERM INSTRUMENTS: Call rates unchanged ... GENERAL INSURANCE: BoB insurance product Thiruvananthapuram, Jan. 16 National Insurance Company (NIC) in association with Bank of Baroda (BoB) has launched the Baroda Health Mediclaim Insurance Scheme exclusively for account holders of Bank of ... FOREX: Rupee gains 20 paise The rupee appreciated by around 20 paise against the dollar on Friday, in a range-bound market. The currency opened at 48.80/84 and touched an intra-day low of 48.86. It recovered to close at 48.80, against the previous close of 49.01/02. ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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