Business Daily from THE HINDU group of publications
Wednesday, June 24, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, June 24, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING INSIGHT: Global imbalance: More cultural, less economic As the Council on Foreign Relations (CFR) report [at pp15-18] traces the history and the facts of the imbalance, it ends up discoursing almost entirely about the US current account imbalance. A quick look at the statistics of latest current ... LIFE INSURANCE: LIC’s new premium income set to grow 25% this fiscal Plan to float domestic P-E fund with realty focus on track. Kolkata, June 23 The new premium income of Life Insurance Corporation of India is to likely grow 25 per cent in 2009-10 over 2008-09, according to its Chairman, Mr T. S. Vijayan. LIC ... CREDIT MARKET: Rural lending untouched by economic crisis Bangalore, June 23 The global economic crisis has not hit loan recoveries in the agriculture sector, as both food output and non-farm activity were relatively ... TECHNICAL ANALYSIS: Rupee to test the 50 mark Rupee reversed downward from the 47 resistance zone in line with our expectation to weaken towards 49 against the dollar. Weakness in Indian equities that resulted in foreign institutional investors pulling out Rs 1,720 crore since June 16 ... FOREX: Rupee gains marginally The rupee gained marginally by 6 paise against the dollar on Tuesday, in a volatile market. The domestic currency opened lower at 48.85/86 and weakened to touch an intra-day low of 48.95/96. It recovered to close at 48.56, as against the ... ALLIANCES & JOINT VENTURES: SBI pact for credit guarantee State Bank of India has signed a memorandum of understanding with the Credit Guarantee Trust for Micro and Small Enterprises (CGTMSE) to cover micro and small enterprises under portfolio credit guarantee scheme. SBI had earlier signed an MoU ... GOVT BONDS: Bonds range-bound Bond prices opened positive because of a drop in the US Treasury yields, but were range-bound during the rest of the day. The gain in bond prices was barely five to 10 paise, said a bond dealer with a private sector bank. “Market ... INTEREST RATES: HUDCO trims lending rates Housing and Urban Development Corporation has lowered its lending rates up to 1.25 percentage points for the government as well as the private sector. The new rates will be applicable from Tuesday. The lending rates will now be 8.50 per ... SHORT TERM INSTRUMENTS: Call rate stable The inter-bank call rate closed at 3.25-3.30 per cent, same as the previous day’s close. Under the first liquidity adjustment facility (LAF), there were no bids in the one-day repo auction. In the reverse repo auction, the Reserve Bank ... FINANCIAL PERFORMANCE: South Canara Co-op Bank logs Rs 7.59-cr profit Mangalore, June 23 The South Canara District Central Cooperative (SCDCC) Bank Ltd, Mangalore, has recorded a net profit of Rs 7.59 crore during 2008-09 against Rs 6.49 crore in the previous fiscal, registering a growth of 16.95 per ... LIFE INSURANCE: Dept of Posts to have its own investment office soon To manage funds collected under PLI scheme. Mumbai, June 23 The Department of Posts plans to open its investment office in Mumbai next month to manage the funds garnered by it through premiums under the Postal Life Insurance (PLI) scheme. The ... INTEREST RATES: BoI cuts deposit rates Mumbai, June 23 Bank of India on Tuesday said it is cutting interest rates on domestic term deposits by 25-75 basis points across various ... FOREX: India Inc raises $494 m via ECBs in May Mumbai, June 23 The external commercial borrowing (ECB)/ Foreign Currency Convertible Bonds (FCCBs) data released by the Reserve Bank of India shows some encouraging ... MONETARY POLICY: New advisory panel soon on monetary policy Mumbai, June 23 The Reserve Bank of India has decided to put in place a reconstituted Technical Advisory Committee (TAC) on monetary policy with effect from July 1. Among others, the members of the committee are: Dr D. Subbarao, Governor, ... FINANCIAL MARKETS: FOMC: Downbeat assessment and vow for low rates? Fed time is upon us again. Its interest rate decision body, the Federal Open Market Committee (FOMC), announces its ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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