The Hindu Business Line : Tuesday, May 13, 2008

FOREX
Rupee crosses 42 level
Mumbai, May 12 The rupee crossed the psychological mark of 42, on Monday, due to lower industrial production data, high oil price and inflation. The lack of dollar supply combined with continuing dollar demand from domestic oil ... More

Rupee under pressure
The reasons for the depreciation of the rupee include the high cost of oil and lack of dollar supply in the spot market, according to Mr Ajay Banerjee, General Manager, Bank of Maharashtra. “I expect the rupee to hover around 42 levels for ... More

FINANCIAL PERFORMANCE
Dewan Housing Q4 net more than doubles
Mumbai, May 12 Dewan Housing Finance Ltd (DHFL) has more than doubled its Q4 net profit at Rs 29.44 crore, against Rs 13.51 crore in the corresponding quarter of the previous year, aided by a rise in income.Mr Kapil Wadhawan, the ... More

GENERAL INSURANCE
Pet insurance yet to catch up in India
Coimbatore, May 12 In a country where a good number of people are either uninsured or under-insured, insuring a pet could be a far-fetched idea. Many even wonder if there is a policy for pets. All the same, it is not as if pets are out of the ... More

PUBLIC SECTOR BANKS
Banks told to bring down net interest margins
Major changes in lending and deposit rates unlikely More

Public sector banks are globally competent, says Chidambaram
14 lakh people expected to benefit from PSBs every year More

GOVT BONDS
Bond prices up
Bond prices rose by around 70 paise as the price of global crude eased and the growth in industrial production fell. Total traded volumes on the order-matching system were at Rs 9,890 crore (Rs 5,355 crore). Dealers said that prices gained as the ... More

SOCIETY & DEVELOPMENT
Oriental Bank to set up 2 more training institutes
Madurai, May 12 The Oriental Bank of Commerce has plans to establish two more training institutes through its Rural Development Trust, one each at Haryana and Uttar Pradesh, according to Mr Ravindra Yadav, Chief Executive of the Trust. ... More