Business Daily from THE HINDU group of publications
Saturday, November 07, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, November 07, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FIXED DEPOSITS: SBI cuts deposit rates on slow credit, liquidity glut Second time in two months to protect interest margins. State Bank of India has snipped interest rates by 25-50 basis points on deposits up to five years ... HUMAN RESOURCES: 3.4 million apply for 11,000 clerical vacancies in SBI! BANKABLE JOBS. Chennai, Nov. 6 Clerical jobs, you may think, are out of fashion. Think again. State Bank of India advertised a few months ago for 11,000 clerical vacancies. The response, to put it mildly, has been ... FINANCIAL MARKETS: Asset bubbles to exit recessions? In its last several meetings, the Federal Open Market Committee (FOMC), the US interest rate and monetary policy setter, hasn’t had much thinking to do. Its decision was obvious — to keep interest rates near the zero level that ... MERGERS & ACQUISITIONS: SBI told to stop buyouts within group Govt preparing paper on consolidation. State Bank of India has been told by the Government to refrain from going in for further acquisitions of associate banks within the SBI ... PENSION PLANS: Govt staff pension funds to hike equity investments by this fiscal New norms allow fund managers more leeway. Mumbai, Nov. 6 Pension funds managing the New Pension Scheme (NPS) for Government employees will conform to new investment guidelines by the end of this fiscal, said fund ... FINANCIAL INSTITUTIONS: Sibal moots corporation to fund education To supplement, not supplant, the existing funding mechanism. New Delhi, Nov. 6 The Union Ministry of Human Resource Development has mooted the idea of setting up a national education finance corporation (NEFC) to raise resources for primary and ... FOREX: Re up, tracking Asian currencies The rupee gained by 21 paise against the dollar on Friday tracking the gains of other Asian currencies against the greenback. The domestic currency opened at 46.83 and strengthened to touch an intra-day high of 46.74. It ended the day at ... FIXED DEPOSITS: PNB to cut term deposit rates ... SHORT TERM INSTRUMENTS: Call rates marginally down The inter-bank call rate ended marginally lower at 3.20-3.3 per cent against the previous close of 3.3-3.4 per cent. Under the first liquidity adjustment facility (LAF) conducted by the Reserve Bank of India, there were no bids in the three-day ... CREDIT MARKET: S Tel gets Rs 953-cr funding from 8 banks Achieves financial closure of its GSM project. New Delhi, Nov. 6 S Tel Pvt Ltd, one of the new entrants in the Indian GSM space, has announced that it has accomplished financial closure of its project with Rs 2,000-crore outlay. Eight major ... INSURANCE: Swarup panel proposals not ‘well-founded’ Hyderabad, Nov. 6 The Swarup Committee recommendations pertaining to the insurance sector are not “well-founded”, according to Mr J. Hari Narayan, Chairman, Insurance Regulatory and ... FOREX: Forex reserves fall $1.1 billion Mumbai, Nov. 6 Foreign exchange reserves fell $1.129 billion to $284.391 billion for the week ended October 30, according to the Reserve Bank of India’s weekly ... FOREIGN BANKS: StanChart IDR issue not till March 2010 Mumbai, Nov. 6 Standard Chartered Bank may wait till March 2010 to launch its proposed issue of Indian Depository ... CREDIT CARDS & DEBIT CARDS: Mastercard volumes up 49% in India Mastercard announced on Thursday that it has recorded a 49 per cent rise in its gross dollar volume (GDV) for India in the third quarter of 2009, as compared to a similar period ... GENERAL INSURANCE: New insurance scheme for HIV-affected Visakhapatnam, Nov 6 Population Services International (PSI), an NGO, in association with Star Health and Allied Insurance Company and the Greater Visakhapatnam Municipal Corporation (GVMC), launched a group insurance policy for 200 ... FOREIGN BANKS: HSBC buys 42 lakh L&T shares from Citigroup Mumbai, Nov. 6 Over 42 lakh shares of Larsen and Toubro, worth about Rs 659 crore, changed hands in bulk transactions reported on the BSE on Friday, at Rs 1,566.50 ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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