The Hindu Business Line : Saturday, September 22, 2007

‘No timetable for full yuan convertibility’
Hong Kong, Sept. 21 China has no timetable for full convertibility of the yuan, but is moving in that direction, according to the People’s Bank of China Governor, Dr Zhou Xiaochuan.“We don’t have any timetable for the ... More

Forex reserves up $1.8 b
The country’s forex reserves went up by $1.810 billion to $232.187 billion for the week ended September 14, backed by good inflows and revaluation of currency assets. “The accretion to reserves is by and large because of ... More

‘Re appreciation a boon for outbound tourism’
Mumbai, Sept. 21 The outbound tourism sector could be buoyant in the coming days as the rupee has appreciated further against the dollar.According to travel industry experts, this could generate a positive sentiment among people ... More

Rupee tad weaker
After touching a nine-year record high on Thursday the rupee ended marginally weaker against the dollar on Friday. The home currency weakened by three paise to close at 39.91, down from the previous close of 39.88/89. The rupee opened at ... More

INSURANCE
FirstApex unveils insurance products
Bangalore, Sept. 21 FirstApex Group has launched two new IT solutions for the insurance sector at the ongoing third Insurance Executive Summit on Technology Conference in Beijing on Friday.The products — FirstGen Neo 5j, a ... More

FINANCIAL MARKETS
HK plans to be financial gateway to China
5-point strategy to boost interface with mainland More

HUMAN RESOURCES
ICICI Pru Life in pact with IIRM to hone staff skills
Hyderabad, Sept. 21 In view of the acute shortage for skilled human resources, ICICI Prudential Life has joined hands with Institute of Insurance and Risk Management to offer an executive programme.This is part of the company’s ... More

RBI & OTHER CENTRAL BANKS
RBI tightens norms for clearing houses
Financial soundness is basic criterion, says panel More

PRIVATE BANKS
Kamath sells 1.25 lakh shares in ICICI Bank
Mumbai, Sept. 21 Mr K.V. Kamath, Managing Director and CEO of ICICI Bank, has sold off 1.25 lakh shares on September 19. Public holdings, which include institutional and non-institutional holdings total 75.06 per cent in ICICI Bank, ... More

FOREIGN BANKS
Macquarie Bank, IFC to launch $1 b infra fund
Mumbai, Sept. 21 Australia-based Macquarie Bank Ltd Group proposes to sponsor a $1billion ‘Macquarie India Infrastructure Opportunities Fund,’ in association with the International Finance Corporation.Subject to Macquarie ... More

INTEREST RATES
HDFC may cut home loan rates
Mumbai, Sept. 21 Housing Development Finance Corporation Ltd is expected to slash interest rates on home loans next week.Ms Renu Karnad, Executive Director, HDFC, said that the housing finance major had seen a 50 basis point reduction ... More

MERGERS & ACQUISITIONS
Bear Stearns keen on 100% stake in Ford Auto Finance
Proposal currently with FIPB More

EVENTS
PR meet
More