Business Daily from THE HINDU group of publications
Thursday, April 16, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, April 16, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING LIFE INSURANCE: LIC dissents at Pfizer AGM over MD’s salary It would have been business as usual at multinational drug-maker Pfizer’s annual shareholder meeting, but for a dissenting LIC representative who opposed two enabling proposals to increase the salary of the managing director and ... TECHNICAL ANALYSIS: Rupee struggling to breach 50 The positive correlation between Sensex and rupee is growing stronger every day. Rupee can appreciate further only if Sensex sustains its current up-trend that is already 5-week old. A correction in equities will of course reverse the direction ... CREDIT MARKET: SBI sees 25% growth in credit Lending, deposit rates may fall by around 25-50 bps: O.P. Bhatt. Mumbai, April 15 The banking sector may see loan growth of 19-20 per cent in 2009-10. However, for State Bank of India the credit growth could be as high as 25 ... PUBLIC SECTOR BANKS: Bank stocks outperform benchmark indices Analysts see incremental pressure on net interest margins. Kolkata, April 15 Indian public sector banks have outperformed the BSE Banking index and the BSE Sensex over the past six months justifying market consensus that their defensiveness ... FOREX: Rupee up on equity gains The rupee gained tracking positive equity indices. It opened weak because the dollar was strong against other Asian currencies. But it strengthened in the latter part of trade as sentiment in the stock market turned positive, said ... GOVT BONDS: Bond prices higher Prices in the bond market closed higher on expectations that there could be some action by the Reserve Bank of India in the Credit Policy, next week. The action may not necessarily be a cut in interest rates. It could be a cap on the funds banks ... SHORT TERM INSTRUMENTS: Call rates steady The inter-bank call rate ended steady at 3.4-3.6 per cent (3.5-3.6 per cent). In the first liquidity adjustment facility (LAF), there were no bids in the one-day repo auction. In the reverse repo auction, there were 22 bids for Rs 51,330 ... FIXED DEPOSITS: Bank of India cuts deposit rates Bank of India has cut deposit rates on domestic rupee term deposits by 25 to 100 basis points, across various maturities, with immediate effect. The revised interest rates will be applicable only on fresh deposits and on renewal of ... CORPORATE BONDS: Cos raising funds via non-convertible debentures Take advantage of daily put and call option. Mumbai, April 15 In the current scenario of easy liquidity in the banking system, companies with high investment grade rating are finding it economical to raise funds by floating non-convertible ... CREDIT MARKET: ‘Banks should lend more to commercial institutions’ Hyderabad, April 15 Banks should lend aggressively to commercial enterprises to generate higher economic activity to lessen the impact of global recession on India, according to Dr C. Rangarajan, Member ... FINANCIAL MARKETS: We are still relevant, say monetarists Opinion is divided on the strength and speed of the US economic recovery. President Obama, US Fed Chairman Ben Bernanke and a section of the market talk of glimmers of revival and ‘green shoots’, suggesting the worst is over. ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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