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Govt
completes 90% of gross borrowings |
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The central goverment has
completed 90 per cent of its gross borrowing programme with
the issue of Rs 10,000 crore of dated securities last week and
Rs 12,750 crore of 384-day T-bills, ICICI Securities (I-Sec)
said in its mark to market report for the week ending December
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HSBC
Insurance ties up with Ebix.com |
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HSBC Insurance Services, the
insurace intermediation arm of HSBC, has tied up with Ebix.com
Inc, the world’s most comprehensive insurance portal operating
as a virtual market place to provide insurance intermediary
with a multilingual, multi-currency management system, to support
Indian customer base. |
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Sicom
directors on UWB walk out of board meet |
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The Mumbai-based development
bank Sicom Ltd’s nominee directors, AKD Jadhav and Sharad Upasani,
on Tuesday walked out of the meeting of board of directors of
United Western Bank objecting to what they said was an attempt
on the part of its managing director and others to mislead the
board in respect of a Rs 2.35-crore write-off under the Esop
scheme. |
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Bond
yields hit record lows, likely to rally more |
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Yields on Indian government
bonds dropped to historic lows on Tuesday, swept under a huge
liquidity overhang, and traders see little reason for the rally
to end with the central bank silent and demand expected to stay
strong. |
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