Business Daily from THE HINDU group of publications
Saturday, October 04, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Saturday, October 04, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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MONEY & BANKING FARM CREDIT: Banks to get interest for delayed return of farm debt waiver sums New Delhi, Oct. 3 The Centre has decided to pay interest of Rs 3,872 crore to banks and other lending institutions for staggered settlement of their reimbursement claims under the farm debt waiver and debt relief scheme. This was stated by ... INTERVIEW: No scale-back of growth plans: Scope ‘Our concentration is on emerging markets, Asia’. Chennai, Oct.3 Scope International, the wholly owned subsidiary of Standard Chartered Bank, UK, began BPO operations for the group in 2001. In seven years, Scope has grown to over ... FINANCIAL MARKETS: Credit turmoil may hit consumer-focused cos: Moody’s Mumbai, Oct. 3 The crisis in the financial markets may depress business and consumer confidence besides slowing down global economic growth and exacerbating existing trends that have been causing corporate credit quality to deteriorate for ... INVESTMENT BANKING: eClerx accepts cure amount Mumbai, Oct. 3 Knowledge process outsourcing firm eClerx Services has accepted a cure amount of $561,340.33 proposed by Lehman Brothers as a full and final payment against the receivables of approximately a million ... FOREIGN BANKS: Sachin in new TV ad for Royal Bank of Scotland Chennai, Oct. 3 Royal Bank of Scotland (RBS), which has appointed Sachin Tendulkar as its brand ambassador, has used the cricketer in a non-sporting milieu. The TV commercial, due to break on October 9, shows Tendulkar being fitted for a suit, ... RIGHTS ISSUE: Allahabad Bank defers rights issue Kolkata, Oct 3 Kolkata-headquartered Allahabad Bank will not opt for the rights issue at present, according to Mr K. R. Kamath, Chairman and Managing Director of the ... GENERAL INSURANCE: Air India seeks fog insurance In an effort to contain its losses due to flight operations getting affected during the winter months, particularly in Delhi, Air India has entered the market seeking a fog insurance cover for a five-month period starting November 1, this ... FOREX: Forex reserves down $153 m Mumbai, Oct. 3 The foreign exchange reserves dropped by $153 million to touch $291.819 billion for the week ended September 26, according to figures released by Reserve Bank of India’s Weekly ... INSIGHT: It’s back to basics now US financial sector. Time was when the financial sector, principally the banks, was conservative and circumspect. They took good care of their clients’ funds and were very strict in observing their lending norms. Loan applications were ... FOREX: Rupee breaches 47 at close Sustained demand for the greenback and strengthening of the dollar in the overseas markets pushed the rupee to close above 47 levels sagainst the dollar on Friday, the first time in five years. The rupee depreciated by around 47 paise against ... FARM CREDIT: Farm loan interest at Rs 4311 cr ... GOVT BONDS: Bond prices up Bond prices moved up due to huge buying interest in Government securities, as liquidity is expected to ease once the Government resumes its spending, said bond dealers. According to a bond dealer with a private bank, the general feeling is ... SHORT TERM INSTRUMENTS: Call rates hold steady ... FOREIGN BANKS: Award for Doha Bank ... PEOPLE: New CGM for SBH ... Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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