http://www.thehindubusinessline.com/ Business Daily from THE HINDU group of publications en-us Copyright 2008 The Hindu Business Line Sat, 17 May 2008 http://www.thehindubusinessline.com/bline.jpg http://www.thehindubusinessline.com/ 320 62 Forex http://www.thehindubusinessline.com/2008/05/17/stories/2008051751160600.htm Mumbai, May 16 The country’s foreign exchange reserves rose by $200 million to $312.7 billion for the week ended May 9, according to the RBI’s Weekly Statistical Supplement.In the previous week, the reserves had fallen by ... Sat, 17 May 2008 Forex http://www.thehindubusinessline.com/2008/05/17/stories/2008051751070600.htm The rupee closed higher in a market that saw volatile movement. The supply came from the overseas NDF market as well as from exporters, who sold dollars when it moved close to 43, said forex dealers. On Friday, the rupee opened at 42.64/66 and ... Sat, 17 May 2008 Information Technology http://www.thehindubusinessline.com/2008/05/17/stories/2008051751100600.htm Mumbai, May 16 Development of the retail payment system is crucial for the development of financial markets in South Asia. But currently, the SAARC region countries are way behind their counterparts in Latin American and European countries ... Sat, 17 May 2008 Taxation http://www.thehindubusinessline.com/2008/05/17/stories/2008051751090600.htm Mumbai, May 16 Banks started charging a service fee of Rs 100 for every forex transaction of $10,000 and above and Rs 50 on transactions of less than $10,000 from May 16, following the notification by the government to levy service tax. Banks ... Sat, 17 May 2008 Financial Performance http://www.thehindubusinessline.com/2008/05/17/stories/2008051752032300.htm Kochi, May 16 The net profit of Muthoot Capital Ltd grew by 96 per cent to Rs 4 crore (Rs 2.04 crore) for the fiscal 2007-08. The turnover of the company grew by 53 per cent to Rs 12.25 crore (Rs 8.02 crore), a press release issued here ... Sat, 17 May 2008 Life Insurance http://www.thehindubusinessline.com/2008/05/17/stories/2008051751060600.htm In line with commitment to invest in infrastructure, says MD Sat, 17 May 2008 General Insurance http://www.thehindubusinessline.com/2008/05/17/stories/2008051751200600.htm Chennai, May 16 Export Credit Guarantee Corporation (ECGC) on Friday entered into an agreement with fellow-public sector insurance company, United India, to offer free marine cover to its exporter-customers.The marine cover will be an ... Sat, 17 May 2008 Private Banks http://www.thehindubusinessline.com/2008/05/17/stories/2008051751190600.htm A circular from ICICI Bank to its customers, informing the need to maintain a minimum quarterly average balance of Rs 10,000 in the savings account, effective from July 1, is felt to be discriminatory by the small retail investors in the city. ... Sat, 17 May 2008 Private Banks http://www.thehindubusinessline.com/2008/05/17/stories/2008051753092300.htm Sat, 17 May 2008 Govt Bonds http://www.thehindubusinessline.com/2008/05/17/stories/2008051751180600.htm Sale of holdings by refineries results in widening of spreads Sat, 17 May 2008 Govt Bonds http://www.thehindubusinessline.com/2008/05/17/stories/2008051751150600.htm Bond prices fell by around 45 paise on concern over higher inflation numbers and tight liquidity conditions. Total traded volumes on the order matching system were at Rs 5,220 crore (Rs 4,260 crore). Dealers said that domestic inflation, which ... Sat, 17 May 2008 Short Term Instruments http://www.thehindubusinessline.com/2008/05/17/stories/2008051751080600.htm The inter-bank call rate closed lower at 6-6.25 per cent, against the previous close of 7.7-7.85, though it touched a high of 8 per cent during the day. In the four-day reverse repo auction under the liquidity adjustment facility, the RBI ... Sat, 17 May 2008 Standards & Benchmarks http://www.thehindubusinessline.com/2008/05/17/stories/2008051751140600.htm SKS Microfinance has become the first microfinance institution in the world to get an ISO certification for its 200-plus strong ‘Internal Audit Department’. The ISO 9001:2000 certification has been awarded by leading certifying body ... Sat, 17 May 2008 People http://www.thehindubusinessline.com/2008/05/17/stories/2008051751170600.htm New Delhi, May 16 The Centre has appointed executive directors in three public sector banks — Oriental Bank of Commerce, Indian Overseas Bank (IOB) and Andhra Bank.All the three appointments are elevations from the General ... Sat, 17 May 2008