Business Daily from THE HINDU group of publications
Saturday, May 23, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, May 23, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING RBI & OTHER CENTRAL BANKS: RBI Governor cautions Govt against more fiscal stimulus ‘…sustainability of the recovery requires returning to responsible fiscal consolidation’. Mumbai, May 22 The Reserve Bank of India Governor, Dr D. Subbarao, has cautioned the new Government that another fiscal stimulus package ... OUTLOOK: Private sector insurers facing capital pressure Foreign, domestic partners balk at raising additional equity. Bangalore, May 22 Private sector non-life insurance companies in the country are beginning to face the heat of capital pressure, with global parents slowing down on investments in ... FINANCIAL PERFORMANCE: Federal Bank net rises 36% at Rs 500 cr Kochi, May 22 The Aluva-based Federal Bank has registered a 36 per cent growth in its net profit in the last financial year ended March 31 thereby touching Rs 500.49 ... FOREX: Rupee gains 30 paise The rupee opened strong because of inflows and on account of the dollar weakening against all major currencies, said forex dealers. On Friday, the rupee opened at 47 but soon fell to the day’s low of 47.22 as importers bought dollars. ... CONSUMER FINANCE: PNB, Ashok Leyland sign MoU Punjab National Bank (PNB) has signed a memorandum of understanding with Ashok Leyland to extend finance to the latter’s commercial vehicle customers. The MoU seeks to leverage PNB’s extensive retail reach, especially in the ... FOREX: Forex reserves decline by $1.73 b Mumbai, May 22 After a huge rise in the previous week, foreignexchange reserves for the week ended May 15, fell by $1.734 billion to touch $254.207 billion, according to the Reserve Bank of India’s Weekly Statistical ... FINANCIAL SERVICES: Bajaj FinServ exploring scope of construction equipment finance biz Mumbai, May 22 Bajaj FinServ is looking to enter the construction equipment finance space by the year-end through its subsidiary, Bajaj ... FINANCIAL PERFORMANCE: Chola DBS Finance net surges on setting off loan losses Chennai, May 22 After setting off loan losses of Rs 123.5 crore from its share premium account, Cholamandalam DBS Finance has reported a six-fold jump in net profit to Rs 77.8 crore for the last quarter of 2008-09 compared with Rs 12.7 ... GOVT BONDS: Bond prices fall 30 paise ... DEBT MARKET: RBI changes bidding norm for auctions Mumbai, May 22 In a bid to improve the efficiency of the auction procedure, the RBI has said that all competitive bids shall be submitted electronically on the Negotiated Dealing System between 10:30 am and 12:30 pm on the day of ... SHORT TERM INSTRUMENTS: Call rate closes lower ... FINANCIAL PERFORMANCE: Muthoot Capital Services net up 35% The net profit of Muthoot Capital Services has grown by 35 per cent to Rs 5.41 crore (Rs 4 crore) during 2008-09. The Board has recommended a dividend of 20 per cent a ... PEOPLE: RBI approves Shikha Sharma’s appointment Mumbai, May 22 The Reserve Bank of India has approved the appointment of Ms Shikha Sharma as the MD & CEO of Axis Bank, according to a senior official of the private sector ... TRADE & LABOUR UNIONS: Bank officers’ strike anniversary The State Bank of India Officers’ Association, Kerala Circle, will observe the 40th anniversary of the ‘historic’ indefinite strike undertaken by All India State Bank Officers Federation in June 1969. According to a statement ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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