The Hindu Business Line : Wednesday, September 22, 2004

FOREX
Rupee firmer; g-secs move up
MUMBAI: Call rates in the inter-bank market on Tuesday moved up to 5.00 per cent, dealers said. A few quotes were also received for 5.25 per cent, with the range being 4.75 -4.95 per cent. There was a demand and supply mismatch as ... More

INSURANCE
ICICI insurance arms `not yet mature' for IPOs
ICICI Prudential Life Insurance and ICICI Lombard General Insurance Company will both have to reach an overall market share of 10 per cent and become `relevant players' in the insurance market, before they come out with initial public offerings, ... More

LIFE INSURANCE
LIC agents' dharna today
MUMBAI: Life Insurance Agents' Federation of India, an organisation that claims to represent over 10 lakh insurance agents, will stage a dharna before `Yogakshema', the head office of the Life Insurance Corporation of India (LIC) on ... More

GENERAL INSURANCE
Oriental Insurance wrests IA account from New India
THE upheaval in the non-life insurance sector has begun with Kolkata-based National Insurance Company Ltd grabbing the top slot from the New India Assurance Company Ltd (NIACL). The hitherto second largest insurer, United India Insurance ... More

DEBT MARKET
Post-Fed meeting: Bond rally likely
IF a Martian landed on earth today, he can be forgiven for thinking the Federal Open Markets Committee is the only game in town. Such is the aura surrounding the meetings of the interest rate setting body of the US, Federal Reserve. Bond ... More

RBI & OTHER CENTRAL BANKS
RBI winds up State-level export panel
THE Reserve Bank of India has decided to wind up the State Level Export Promotion Committee (SLEPC) and constitute a separate sub-committee under the State Level Bankers Committee (SLBC) for the redressal of exporters' grievances. "The matter ... More

SMB debt revamp: Chamber for I-T sops to lenders
THE PHD Chamber of Commerce and Industry has said that in order to encourage banks to be more flexible with small and medium enterprises, the amount written off in the books of accounts of banks and financial institutions due to restructuring of ... More

MERGERS & ACQUISITIONS
ICICI Bank move flayed by Kerala Minister
THIRUVANANTHAPURAM: The Leader of the Opposition in the State Assembly, Mr V.S. Achuthanandan, has urged the State Government to initiate urgent measures to block `attempts' by the ICICI Bank to take over the Aluva-based Federal Bank. ... More

PEOPLE
New RBI Dy Governors assume charge
THE two newly appointed Deputy Governors of the Reserve Bank of India assumed charge on Tuesday. Ms Shyamala Gopinath, Executive Director, RBI and Mr V. Leeladhar, Chairman and Managing Director of Union Bank of India, were appointed as Deputy ... More