MONEY & BANKING
PREFERENTIAL ALLOTMENTS
ING Vysya Bank raises Rs 232 cr via pref issue
Capital infusion to help asset growth for current year
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INSIGHT
Liquidity management with eye on growth
Mid-term Review of Monetary Policy
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Market Stabilisation Scheme and the Indian fisc
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FOREX
Long-term forwards gaining favour with cos
Unidirectional rupee movement pushes demand up
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Rupee weakens by 5 paise
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NBFCS
Andhra Pradesh to regulate chit funds
Bill bars deposits, investments in chit fund cos
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Adopt Central Act: Chit Funds Federation
Hyderabad, Nov. 12 The Andhra Pradesh Federation of Chit Funds (APFCF) has sought the adoption of the Central Chit Fund Act 1982, even as the State Government introduced the A.P. Chit Funds Act (Amendment) Bill, replacing an Ordinance to ...
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GENERAL INSURANCE
Standard wordings for policies released
Hyderabad, Nov. 12 The General Insurance Council (GIC) has released the guidelines for developing standard market wordings for Fire, Engineering and Motor portfolios to be followed by insurers in the tariff-free regime.The objective of ...
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PRIVATE BANKS
Today's Pick: Axis Bank (Rs 894.30)
We recommend a sell in Axis Bank at current price levels. From the weekly chart of Axis Bank, we note that it has been on a steady long-term up trend since June 2006 low of Rs 221.This uptrend accelerated from the low formed in August. and ...
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YES Bank to borrow $35 m from Wachovia
Mumbai, Nov. 12 YES Bank has signed a foreign currency loan agreement with the US-based Wachovia Bank to borrow a one year loan of $35 million. With this, total funded facility Wachovia has provided to the bank will go up to $46 million, said ...
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GOVT BONDS
Bond prices range-bound
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SHORT TERM INSTRUMENTS
Call rates close higher
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CO-OPERATIVES
ICICI Pru ties up with New India Co-op Bank
Mumbai, Nov. 12 ICICI Prudential AMC has tied up with New India Co-operative Bank for distribution of its mutual fund schemesThe bank will now be distributing ICICI Prudential mutual fund products to its customers through its 20 ...
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VENTURE CAPITAL
RG Stone gets $10 m from ICICI Venture
New Delhi, Nov 12 RG Stone Urological Research Institute has received $10 million from private equity firm ICICI Venture, which the company plans to use for establishing 20 new hospitals.The first phase of the company’s ...
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