Business Daily from THE HINDU group of publications
Wednesday, March 04, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, March 04, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INSIGHT: When is a bank a bank? Is any bank really a bank? Much more than play of words is involved here. Many modern banks have strayed a lot; in many cases, there is hardly ... GENERAL INSURANCE: Life insurance sector in the red in 2007-08 General insurers fare better; profits slump 80% for pvt players. Chennai, March 3 The life insurance sector in the country is in the red, going by the figures released by the Insurance Regulatory and Development Authority in it annual report ... INSIGHT: Is capitalism passé? The unfolding financial and economic crisis that has engulfed the world has brought up a question: Is capitalism, at least in its present form, passé?When a big financial crisis broke out in East Asia in the late 1990s, some ... LIFE INSURANCE: Tough times ahead for life insurers: IRDA Hyderabad, March 3 The growth in life insurance business in the near future may not be as ‘robust’ as it was because of the impact of the financial crisis across the globe and meltdown of stock markets, the Insurance Regulatory ... FOREX: Rupee under pressure A negative Sensex, lack of dollar supplies and overall negative sentiment arising from weak Asian currencies continued to put pressure on the rupee, which crossed the 52 level. On Tuesday, the rupee opened at 51.90, on expectations of ... GENERAL INSURANCE: HCL Tech inks deal with National Insurance New Delhi, March 3 HCL Technologies has signed a multi-crore end-to-end IT services deal with National Insurance Company Ltd (NIC) for a period of seven ... FINANCIAL PERFORMANCE: StanChart’s PBT in India up 37% Mumbai, March 3 Standard Chartered Bank’s India operations reported a 37 per cent increase in profit before tax to $943 million in 2008, from $690 million in 2007. The profit includes a one time gain of $146 million from the sale of ... INSURANCE: Non-performing agents face the axe Chennai, March 3 The year 2007-08 saw a high rate of termination of insurance agents. The insurance industry added about 10 lakh agents, but 4.8 lakh agents were terminated in the ... PUBLIC SECTOR BANKS: Bank of India plans 130 branches this fiscal Coimbatore, March 3 Bank of India is on a branch network expansion spree. “The bank has obtained license for opening 130 branches this fiscal. We have inaugurated around 100 new branches so far, taking the total branch network ... GENERAL INSURANCE: IFFCO-Tokio unveils add-on to motor cover New Delhi, March 3 IFFCO-Tokio General Insurance Co Ltd (ITGI) on Tuesday announced the launch of ‘on-road protector’, an add-on to its existing motor insurance policy. This is one of the first add-on cover offered in the ... LIFE INSURANCE: SBI Life launches new policy Kolkata, Mar. 3 SBI Life Insurance Company has launched a Unit Linked Insurance Policy, Smart ULIP. The close-ended policy has a shelf life of one month with a provision of being extended to one year. The product provides NAV guarantee of ... PRIVATE BANKS: YES Bank raises Rs 154 cr via bonds Mumbai, March 3 In a bid to grow its loan book by around 25 per cent, YES Bank has estimated that it will need to mobilise around Rs 450 crore by the third quarter of FY 2009-2010 via issue of Lower Tier-II bonds. The bank, on Tuesday, said ... PUBLIC SECTOR BANKS: United Bank of India's new branch ... PEOPLE: New CMD for Central Bank New Delhi, March 3 The Centre has appointed Mr S. Sridhar as the Chairman & Managing Director of Central Bank of ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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