The Hindu Business Line : Saturday, February 02, 2008

FOREX
Forex reserves up $3.4 billion
The foreign exchange reserves increased by $3.418 billion to touch $288.316 billion for the week ended January 25, according to the weekly statistical supplement released by the Reserve Bank of India.In the earlier week, the reserves ... More

Rupee ends flat
The rupee was flat as there were good two-way flows. The rupee opened at 39.37/38 and closed at 39.35/36, a tad higher from the previous close of 39.37/38. For major part of the day it traded between 39.4 and 39.36. While there was some dollar ... More

LIFE INSURANCE
LIC Ernakulam divn crosses Rs 1,000 cr
LIC Ernakulam division has crossed Rs 1,000 crore mark in the first premium income to become the No 1 division in the country. The annual budget of first premium of Rs 955 crore was crossed on January 18 and the division has already ... More

GENERAL INSURANCE
GIC’s statutory business share to be reduced to 10%
‘But more cos likely to flock to GIC window’ More

PUBLIC SECTOR BANKS
Chidambaram to meet PSB chiefs on Feb 12
The Finance Minister, Mr P. Chidambaram, is to meet Chief Executives of public sector banks here on February 12. This meeting assumes significance as it comes close on the heels of “standstill” credit policy review of the Reserve ... More

FOREIGN BANKS
Royal Bank of Canada begins operations in India
Mumbai, Feb. 1 Royal Bank of Canada (RBC) opened its first representative office in India, in Mumbai, today.The bank, which is the largest bank in Canada, is planning to offer services such as capital market products including debt ... More

FINANCIAL INSTITUTIONS
SKS Microfinance plans to widen customer base by next fiscal
Mumbai, Feb. 1 SKS Microfinance is planning to widen it customer base from 18 lakh to 40 lakh by next fiscal and to provide health and life insurance to its members in rural and semi-urban areas.The Micro-Finance Institution (MFI) also ... More

ALLIANCES & JOINT VENTURES
Karnataka Bank, Tata MF ink pact
Mangalore, Feb. 1 Karnataka Bank has entered into a pact with Tata Mutual Fund for distribution of the latter’s mutual fund products. A bank release said here on Friday that Tata Mutual Fund signed a marketing agreement with ... More

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Cross Currency Rates

People's car

P-Note blues

Union Budget 2007-08

Railway Budget 2007-2008

Economic Survey 2006-2007

Other Top Stories
Moody’s puts Tata Chem on watch

Glenmark ends drug deal with Merck

Forex reserves up $3.4 billion

GIC’s statutory business share to be reduced to 10%

‘Private players may be allowed as pension fund managers’

Looking back
Jan. 20-Jan. 26
ICICI to dilute 15% stake in I-Sec thru IPO

Bonds pause on RBI interventions, FIIs exit

India’s wealth management business set to boom

Other income doubles; Canara Bank net up 26%

Rates unlikely to rise: SBI chief

‘Sub-prime blame game hides issues’

Central Bank Q3 net rises 50% at Rs 201 cr

‘Prices offered by asset recast cos for NPAs sold are low’

ING Vysya Q3 net jumps 198%

Forex reserves rise $3 b

Bank strike affects clearing operations