Business Daily from THE HINDU group of publications
Monday, September 21, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Monday, September 21, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING GENERAL INSURANCE: Hi-tech system soon to track vehicle insurance status Hyderabad, Sept. 20 If you are one who takes your car insurance lightly, better be ... DEBT MARKET: Bond yields soften on technical correction Banks await RBI cues for expanding credit off-take numbers. Bangalore, Sept. 20 Bond yields softened on technical correction, and swelling deposits powered large purchases by banks driving ... INTERVIEW: ‘We should be in the big league by next fiscal’ Star Union Dai-ichi Life Insurance targets Rs 500 cr fresh premium this fiscal. Mumbai, Sept. 20 The latest entrant into the life insurance space, Star Union Dai-ichi Life Insurance, has set itself a steep target of Rs 500 crore for new business ... HOUSING FINANCE: Punjab & Sind Bank, Hudco tie up Punjab & Sind Bank has announced that it has entered into an MoU with Housing and Urban Development Corporation (Hudco) under the scheme of Interest Subsidy for Housing the Urban Poor. Loan amounts from Rs 1 lakh to Rs 1.60 lakh will be ... NBFCS: RBI fiat on NBFCs The Reserve Bank of India has said that any take over, acquisition of shares or merger/amalgamation of a deposit taking NBFC with another entity would require prior permission of RBI. This has been done to protect the interests of the ... CREDIT MARKET: ‘Credit flows to medium, small units declining’ Chenani, Sept. 20 The recently-constituted high-level task force to address the issues of micro, small and medium enterprises will focus on the critical issue of credit flows to the small units, Mr D.E. Ramakrishnan, a member of the Task ... EVENTS: Industry urged to make informed ‘cover’ choices Coimbatore, Sept. 20 Industrial houses must make “informed decisions” before availing a cover, according to Mr S.V. Mony, Chairman, Chola MS ... CREDIT MARKET: Andhra Bank focusing on retail loans for speedy growth Hyderabad, Sept. 20 Andhra Bank is planning to focus on retail portfolio for speedy growth of its business. “We are aggressive on retail and doing a business of Rs 50 crore a week currently, which is much higher than the last ... VENTURE CAPITAL: IOB eyes venture capital business Plans initial capital of Rs 150 crore. Indian Overseas Bank plans to foray into venture capital business with an initial capital of Rs 150 crore to be invested in phases, according to the Chairman and Managing Director, Mr ... EVENTS: ‘Number of bank accounts in coastal districts exceeds population’ The socio-economic transformations in the three coastal districts of Karnataka – Dakshina Kannada, Udupi and Uttara Kannada – deserve to be studied by researchers in social science, according to Dr N.K. Thingalaya, noted ... GOVT BONDS: Kerala Govt floats 10-year bonds ... ALLIANCES & JOINT VENTURES: Pact for receipt financing Gujarat-based Shree Shubham Logistics Ltd, engaged in developing commodity warehousing logistics parks in various locations across the country, has signed an MoU with Axis Bank to work together in the area of warehouse-based receipt ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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