The Hindu Business Line : Friday, July 06, 2007

FOREX
‘Textile, leather exporters hit by rising rupee’
New Delhi, July 5 Due to appreciating value of the rupee against the US dollar, the textile and apparel manufacturers engaged in exports have suffered decline in total revenue, operating income and net profit margin to the tune of 7.9 per ... More

Rupee strengthens against dollar
The rupee strengthened by two paise on Thursday against the greenback on strong FII inflows into the market. The home currency opened at 40, which was also the intra-day high and saw a low of 40.51 before ending the day at 40.43, marginally up ... More

A disappointing Q1 seen for tech cos
Rupee impact, rising wage costs to hit margins More

GENERAL INSURANCE
Star Health offers policies for aged, diabetics
Coverage for HIV patients soon More

PRIVATE BANKS
Kotak Bank hikes borrowing limit
More

FINANCIAL INSTITUTIONS
Exim Bank investing in SEL Manufacturing
Mumbai, July 5 Exim Bank has made an equity investment of Rs 4.94 crore in SEL Manufacturing Company Ltd, an integrated textile company. SEL is planning to tap the capital market in the third week of July with an initial public offering ... More

ADB funding for renovation of Sikkim road projects
In phase-1, 3 roads have been identified for improvement More

Kerala Govt keen to enter banking
Thiruvananthapuram, July 5 The Kerala Government is keen on entering the banking industry, according to the Finance Minister, Dr Thomas Isaac.Replying to questions in the State Assembly on Thursday, he clarified that Kerala State ... More

GOVT BONDS
Bond prices gain 15 paise
The bond prices went up by about 15 paise and the yields fell by two basis points on profit booking by traders. The yield on the 10-year paper went down to 7.96 per cent intra-day, which is also the lowest in last three months. The total traded ... More

CREDIT MARKET
REC offers floating rate loans for power utilities
Bangalore, July 5 The public sector Rural Electrification Corporation (REC) has offered to advance loans to power utilities on a floating rate basis.The REC’s Chairman and Managing Director, Mr Anil Kumar Lakhina said, “We ... More

Rolls out portal for loans
BharatMatrimony Group has launched www.loanwala.com, a portal that will connect people in need of loans with various banks. The portal caters to people seeking personal loans, automobile loans and property ... More

SHORT TERM INSTRUMENTS
Call rates plunge to 0.2%
Mumbai, July 5 The fluctuating inter-bank call rates have left the market guessing. Just about three months ago, call rates were zooming at a high of 60 per cent and now it is trading at below one per cent levels for the past three days. The ... More

CREDIT CARDS & DEBIT CARDS
Card-based payments not to attract disallowance under Sec 40A(3)
New Delhi, July 5 Payments made by a credit card, a debit card and use of an electronic clearance system (ECS) through a bank account would now fall outside the scope of expenditure disallowance by the taxman even if the amount involved ... More

FIXED DEPOSITS
Corporation Bank hikes NRE rates
Corporation Bank has increased the rate of interest offered on NRE term deposits with effect from July 1. A bank release said here that the interest rate on NRE term deposits has been increased to 5.43 per cent per annum (5.39 per cent) for a ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Cross Currency Rates

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Top Stories
Eleven warmest years in the last 12 years

India to participate in global nuclear fusion plan

Café Coffee Day plans 50 outlets in Pak, Austria

REC offers floating rate loans for power utilities

Hyundai launches Santro CNG variant at Rs 3.25 l

‘Chinese auto parts suppliers have an edge over India’

L&T plans $1-b infra fund

Looking back
Jun. 24-Jun. 30
Bonds advance on reserve money accretion, waning inflation

Follow-on offer not to impact ICICI Bank weightage

On purchasing power parity, the rupee is undervalued substantially

`Reverse mortgage scheme will take time to gain acceptance'

Central banks' nightmare: Liquidity and leverage

Banks raising Tier-II capital funds at over 10%

RBI mulls creating ‘housing stat index’