Business Daily from THE HINDU group of publications
Saturday, February 28, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, February 28, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FINANCIAL MARKETS: Rupee slips to record low of 51.15 Mumbai, Feb. 27 The rupee closed at a life-time low of 51.15 to the dollar on Friday on account of heavy month-end demand for the greenback, weak GDP numbers, and diminishing ... INSIGHT: Centre’s stimulus, RBI’s headache? After repeated announcements since January when the second stimulus plan was unveiled that there would be no more relief measures, key policymakers have suddenly discovered a rich lode of opportunity waiting to be mined before the Code of ... CREDIT MARKET: Muted credit offtake adds to liquidity overhang Cos restrict borrowings in anticipation of rates softening. Bangalore, Feb. 27 Credit offtake has slumped leading to worsening of liquidity overhang in the banking ... SHORT TERM INSTRUMENTS: Call rate unchanged The inter-bank call rate closed at 4-4.10 per cent, same as the previous day’s close. In the three-day repo auction under the first liquidity adjustment facility (LAF), there was one bid for Rs 1,200 crore. In the reverse repo auction, the ... INVESTOR GRIEVANCES: Avoid mis-selling of policies, insurance cos told Hyderabad, Feb. 27 The insurance companies should provide proper understanding of the product at the time of selling a policy to avoid mis-selling, according to Mr J. Hari Narayan, Chairman, Insurance Regulatory and Development ... GENERAL INSURANCE: HDFC Standard Life to grow health portfolio Chennai, Feb. 27 HDFC Standard Life Insurance expects its nascent health portfolio to contribute to about a third of its total premium income by 2010-11. The company has so far garnered a premium income of Rs 1,661.5 crore up to ... FOREX: Forex reserves decline by $165 million Mumbai, Feb. 27 India’s foreign exchange reserves declined by $165 million in the week ended February ... FINANCIAL SERVICES: Reliance Money to launch gold accumulation plan in March Hyderabad, Feb. 27 Reliance Money, India Post and World Gold Council (WGC) are together set to launch Gold Accumulation Plan (GAP) ... INTEREST RATES: Banks told to pass on benefits of repo cuts to borrowers Mumbai, Feb. 27 Banks should give relief to borrowers and pass on the full benefit of the cuts in repo rates carried out by the Reserve Bank of India so far. In a meeting with some bank chiefs here today, Dr D. Subbarao, Governor, Reserve Bank ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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