The Hindu Business Line : Tuesday, July 08, 2008

SHORT TERM INSTRUMENTS: Banks tapping CD market as CRR hike begins to bite
Squeeze on liquidity pushing yields higher. Bangalore, July 7 Banks have begun rushing to the certificates of deposit (CD) market anticipating a further tightening of liquidity ahead of the second phase of the Cash Reserve Ratio (CRR) hike ...

CREDIT RATING: Fitch assigns ‘investment grade’ rating to many municipalities
‘Ratings could lead to creation of a municipal bond market’. New Delhi, July 7 Municipalities of Greater Mumbai, Navi Mumbai, Kalyan Dombivili, Mira-Bhyandhar, Pune, Thane, Ajmer, Indore, Bhopal and Jaipur are all ...

FOREX: Rupee closes lower

E-COMMERCE & E-BUSINESS: SBI insists on online fund transfer
State Bank of India’s main branch in the city informed its customers “Drafts will not be issued today due to technical reasons. Sorry.” When contacted bank officials seemed to have no clue about this disruption in service. It ...

SHORT TERM INSTRUMENTS: Call rates steady

FIXED DEPOSITS: Corporation Bank deposit scheme
Corporation Bank has launched a term deposit scheme — New CorpGain — for a fixed period of 400 days, with an interest rate of 9.60 per cent a year. A bank release said here on Monday that this interest rate is applicable for a minimum ...

FOREX: FII flows: Curiouser and curiouser
Chennai, July 7 Though the Sensex plummeted by 4,600 points between January and March 2008, FII inflows over this period were just 5 per cent short of inflows between October and December 2007 (when the Sensex rose 3,000 points); and 52 per ...

M-COMMERCE: Satyam, Tyfone partner for m-commerce
Hyderabad, July 7 Satyam Computer on Monday announced it has entered into an alliance with Tyfone, a facilitator and provider of technology, financial services, infrastructure and mobile payments for financial services sector. ...

CREDIT MARKET: BoB composite loan factory

PUBLIC SECTOR BANKS: Pioneer gets nod for MF foray with BoB
Mumbai, July 7 Pioneer Global Asset Management SpA has got a no-objection certificate from SEBI to commence mutual fund business. This joint venture of Pioneer Investments and Bank of Baroda, wherein Pioneer Investments holds 51 per cent stake ...

GOVT BONDS: Bonds fall on profit-taking
Bond prices fell in a market that saw subdued volumes, because of profit-taking. After remaining higher in initial trading hours, prices ended lower from the previous close, as there was selling at the fag end of the day. Total traded volumes on ...