MONEY & BANKING
PREFERENTIAL ALLOTMENTS
Pref allotments trimmed, clarifies ING Vysya Bank
Bangalore, Nov. 13 The ING Vysya Bank has clarified that it raised only Rs 192.50 crore through the preferential placement of 62.09 lakh shares with qualified institutional buyers (QIB).The Extraordinary General Meeting (EGM) last week ...
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Shriram Transport brings in NY funds, Kampani Finance
To raise Rs 600 cr via pref allotment, convertible warrants
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FINANCIAL SERVICES
Rel Money ties up with NGO; targets rural investors
Ahmedabad, Nov. 13 Reliance Money, the financial services and products distribution arm of Reliance Anil Dhirubhai Ambani Group (ADAG) has tied up with Anarde Foundation, a non-profitable charitable organisation, to popularise a disciplined ...
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REGIONAL RURAL BANKS
‘Rural banks can play major role in financial inclusion’
Regional rural banks (RRBs) can play a major role in reaching out to rural people through implementing financial inclusion programme and by extending micro-financing activity in an effective way, according to Dr N.K. Thingalaya, economist. ...
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FOREX
Re appreciation: Textile industry’s employment hit
Mumbai, Nov. 13 The total job loss for the textile industry for the year 2007 touched five lakh with a loss of 35,000 people in April alone due to an 18.25 per cent decline in exports because of the sharp appreciation of rupee, according to a ...
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Rupee down six paise
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NBFCS
Today's Pick: Srei Infrastructure Fin (Rs 147.40)
We recommend a buy in Srei Infrastructure Finance at current levels. From the weekly chart of the stock, we note that it is in a long-term bull market since 2003. However, there was a sharp correction in the last quarter of 2005 and the first ...
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GENERAL INSURANCE
Non-life PSU insurers set for underwriting profits
Fall in provisions, motor pool more than offset drop in premiums
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FINANCIAL POLICY
Growth, market setbacks temporary
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GOVT BONDS
Bond prices gain 30 paise
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CREDIT MARKET
ICICI Bank sees uptick in credit offtake in second half
Mumbai, Nov 13 Credit offtake will see an improvement in the third and fourth quarters, with lot of opportunities in corporate credit, said Mr V. Vaidyanathan, Executive Director, ICICI Bank. The largest private sector bank in the country is ...
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SHORT TERM INSTRUMENTS
Call rates at 7.50-7.75%
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FIXED DEPOSITS
IDBI revises deposit rates
Industrial Development Bank of India Ltd (IDBI) has reduced interest rates on deposits of some maturity, while it has increased on some others, effective November 12.While the interest rate on 360-day deposits has been reduced by 75 ...
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