The Hindu Business Line : Tuesday, September 19, 2006

FOREX
Rupee in range on gold buying
The rupee was under pressure due to dollar demand, which was mainly on account of gold buying. Prices were range- bound during day trade due to lack of dollar inflows. However, it is unlikely that the domestic currency may see a ... More

INSURANCE
Insurance brokers seek lower minimum capital requirement
3i Infotech solution for interaction with insurers More

LIFE INSURANCE
BoB board okays insurance venture
The Bank of Baroda's board has approved a proposal to set up a joint venture for life insurance, it announced in a notice to the Bombay Stock Exchange on Monday. The bank will now seek regulatory approval for the venture. It is understood that ... More

GENERAL INSURANCE
GIC eyes expansion in reinsuring energy risks
Many overseas players into offshore projects; premiums up 40 pc last year More

`Cut health insurance premium rate'
The Sattur Chamber of Commerce and Industry has called the revised rate of health insurance premium for citizens above 50 years as `abnormal' and sought a reasonable rate. The chamber Secretary, Mr P.T.K.A. Balasubramanian, in a ... More

PUBLIC SECTOR BANKS
Seven Indian cos crack S&P list
List tracks companies with `growth characteristics' More

Union Bank in pact with DGFT
The bank's clients can make online payment of fees to DGFT More

GOVT BONDS
Bond prices up by 30 paise
Bond prices edged up by around 30 paisa on expectations of a pause in interest rate hike cycle in the US. "The market is eagerly awaiting the Federal Open Market Committee meeting on September 30," said a dealer at a private ... More

SHORT TERM INSTRUMENTS
Call rates up a tad
Call rates were between 6.25 per cent and 6.35 per cent against Friday's 6.10-6.20 per cent. "The call rates increased on low liquidity in the system," said a dealer at a private bank. In the first one-day reverse repo ... More

FIXED DEPOSITS
KVB hikes term deposit rates
Karur Vysya Bank has increased the interest rate on domestic term deposits with immediate effect. For tenure of one and two years, the rate has been hiked by 50 basis points from 7.25 per cent to 7.75 per cent. For maturity ... More

IOB unveils new tax saving deposit scheme
Indian Overseas Bank has rolled out a new tax saving deposit scheme with a free personal accident insurance cover for Rs 1 lakh. Interest rate under this scheme will be 8.15 per cent for regular depositors and one per cent ... More

EVENTS
Setback to India in IMF reform vote
The International Monetary Fund (IMF), which is meeting in Singapore for its annual session, has voted in favour of reforming its power structure. The pro-reform lobby won the ballot on Monday by 90.6 per cent of the "total voting power" as ... More

Ministers endorse World Bank's new anti-corruption strategy
`Anti-corruption drive should not become anti-development' More

OUTLOOK
Bank earnings set to rise in Q2
Improved interest income, lower depreciation on investments More

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