Business Daily from THE HINDU group of publications
Tuesday, May 12, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, May 12, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING CORPORATE BONDS: Insurance cos lap up corporate bond issues Attracted by high yields on offer as banks remain credit risk-averse. Bangalore, May 11 With banks yet to reduce interest rates, public sector entities and private corporates have begun rushing to the corporate ... LIFE INSURANCE: New life insurance cos play safe with large-caps Start investing a portion of ULIP funds. Mumbai, May 11 When it comes to investments, better safe than sorry is the catchphrase for new life insurance ... CREDIT MARKET: Car sales rise due to bank financing, rural demand Scooters, motorcycles record growth. New Delhi, May 11 Increased availability of finance, mainly by public sector banks, and higher demand from rural areas led to a 4 per cent growth in passenger car sales in ... GOVT BONDS: Bond prices gain on ample liquidity Bond prices gained by about 20 paise on ample liquidity in the system. At the current levels investors are looking to buy government securities, said a bond dealer with a private bank. On Monday, banks parked over Rs 1,23,000 crore with the ... FOREX: Rupee slips 25 paise vs dollar The rupee fell by around 25 paise against the dollar on Monday, after losing most of the intra-day gains. The rupee opened with a positive gap at 49.10 and strengthened to touch an intra-day high of 49.05. It weakened to close at 49.52, against ... SHORT TERM INSTRUMENTS: Call rates end flat Inter-bank call rates closed at 3.20-3.30 per cent, against the previous close of 3.10-3.30 per cent, as liquidity in the system was high. The liquidity situation would continue to be comfortable for a while, said dealers. In the one-day ... LIFE INSURANCE: IRDA concerned over rise in ‘orphan’ policies Lapse rates up on high attrition among life insurance agents. Kolkata, May 11 The rate of lapses in premium payment by policyholders is growing, thanks to the high rate of attrition among life insurance agents, resulting in a large number of ... INFORMATION TECHNOLOGY: Geneva-based Temenos signs pact with Cognizant Chennai, May 11 Temenos, the Geneva-based provider of integrated core banking systems, has signed a global strategic partnership with Cognizant Technology Solutions, to enhance its service and delivery capabilities for Temenos (T24), a ... OUTLOOK: IndusInd Bank’s performance sustainable, says MD To focus on fee-based income by selling insurance products. Chennai, May 11 IndusInd Bank, which reported a doubling of net profit last year compared with the previous year, can sustain its performance, said its Managing Director, Mr ...
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