Debt concerns push 3-month Tibor up by seven basis points
The fears of more failures lurking in Japan's restructuring economy after the collapse of Sogo Co Ltd have led to a rise in the premium charged to banks doing business in the overseas inter-bank market, traders said on Monday.

Indian Bank to get recap funds by Dec, net loss at Rs 427 cr
The Union government has finally agreed to recapitalise Indian Bank to the tune of Rs 1,750 crore. The bank, according to its chairperson and managing director Ranjana Kumar, will get the funds by December this year.

Yen stages a comeback,gains on profit-taking
Yen recovered on Monday from the lows it set last week against other major currencies as players decided to take some profit. But dealers and analysts said the gains would be short-lived given concerns surrounding the state of Japan's economy and renewed losses in the Japanese stock market.


  Goldman Sachs names Carr as investment banking head for Asia
  Market round-up
  RPL signs pact for $425m syndicated L/C
  EOUs denied procurement of petro products
  Bidding route for valuation of PSU shares to continue
  No change in divestment policy, says Arun Shourie
  Planning Commission comes to centre stage
  NHPC calls for bids to execute Kishanganga project
  Ficci urges for withdrawal of hike in RoC fee
  PPP policy back at Cabinet's door for final approval
  Centre may bring changes in corporate accounting norms
  FIIs, MFs holdings not to come under 26% ceiling
  Executive briefing