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DCB raises Rs 81 cr thru QIP

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

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Rupee gains on dollar inflows

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

The rupee gained marginally on dollar inflows and tracking the equities markets. The rupee opened lower at 46.75 and gained to 46.53, due to huge inflows, during the day. However, it fell towards the close and ended trade at 46.63/64, about five

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New MD for Bank of Rajasthan

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

Mumbai: Mr G. Padmanabhan has been appointed as the Managing Director and CEO of Bank of Rajasthan for a period of two years, the bank said in a press release. He succeeds Mr P. L. Ahuja who vacated office after the completion of

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Forex reserves rise $962 million

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

Mumbai, Nov. 20 The country’s foreign exchange reserves increased by $962 million to touch $286.376 billion for the week ended November 12, according to the Reserve Bank of India’s Weekly Statistical

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SKS Micro sees scope in cross- selling products

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

Chennai, Nov. 20 With 5.5 million members (borrowers) under its belt, Hyderabad-based SKS Microfinance sees big scope in cross-selling physical and financial products to

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New Tax Code may give a fillip to long-term life policies

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

New Delhi, Nov. 20 Long-term life insurance policies are expected to grow in popularity if the EET (exempt exempt tax) regime under the proposed Direct Tax Code comes into force by

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‘Predatory lending’ draws RBI’s attention

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

Mumbai, Nov. 20 The possibility that some banks may be resorting to “predatory lending” in the face of lacklustre appetite for loans and advances has caught the banking regulator’s

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Call rate ends lower

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

The inter-bank call rate ended marginally lower at 3.20-3.30 per cent, against the previous close of 3.3-3.4 per cent.Under the liquidity adjustment facility (LAF) conducted by the Reserve Bank of India, there were no bids in the three-day

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Tokio Marine, Edelweiss Capital tie up

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

Japanese insurance major Tokio Marine Holdings is entering the Indian life insurance space. The company has inked an agreement with Edelweiss Capital to set up a life insurance venture here. Tokio Marine is already present in the general insurance

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Bonds rally on auction cues

indiastocks — Sat, 21 Nov 2009 13:10:38 GMT

Bond prices rallied on Friday on the back of the bullish auction cut-off announced by the Reserve Bank of India. Prices rose by more than 50 paise after the cut-off yields were lower than market expectations, said dealers. The RBI auctioned Rs

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