Analysts fear rupee slide despite RBI directive on EEFC accounts
The rupee could stabilise briefly and then trend weaker as the central bank's latest defence of the currency, a deadline to exporters to convert their foreign currency holdings, ends on Wednesday.

Centre may revamp non-life insurance firms after parliament
Even as the General Insurance Corporation and its four subsidiaries are passing through the moment of utmost anxiety in view of emerging competitive scenario, the ministry of finance is still debating the issue of restructuring the state controlled non-life industry.

NCB sale to Softbank on track -- Financial regulator
The once-delayed sale of Japan's failed Nippon Credit Bank to a group led by Internet investor Softbank Corp will go ahead as planned on September 1.


  Mori commits $1 bn Japanese aid for MRTP, Simadhari projects
  SBI Caps favours levelised tariff for Hirma Power
  Centre may scrap licensing norms for export units
  Weak euro confounds ECB decision; rate rise could shake Germany, Italy
  US bonds' rise give boost to Nasdaq
  Market round-up
  Corp Bank sets up separate division for insurance venture
  DCR India renamed as FITCH Ratings India
  Icra assigns `A1' rating to Liberty Shoes CP
  Punjab & Sind Bank revisesdeposit rates
  Andhra Bank Housing to go public next year
  ECGC to up equity base to Rs 500cr by '02
  Panel to discuss fertiliser policy today
  India, Sub-Saharan Africa trade poised for a new high
  Steel CEOs action plan to boost industry
  DoD firm on one major sell-off this year
  Draft tourism policy to be announced soon -- DG
  Rs 4,450cr Plan finalised for Madhya Pradesh
  Disinvestment, oil prices to dominate BJP meet at Nagpur
  RSMDC plans more lignite mining
  RS likely to move resolution against DTS corporatisation