Page 1334 - Finance News
Rupee dancing to market tunes than fundamental notes: CARE Ratings
Volatility in the rupee has continued to persist as the rupee has breached all psychological levels starting 60, 62 and even 65
 "Rupee dancing to market tunes than fundamental notes: CARE Ratings")
CAD to widen in Q1, improve thereafter: RBI
Fluid markets may make Overseas borrowing costly for India Inc
 "CAD to widen in Q1, improve thereafter: RBI")
Earnings from domestic assets boost RBI's FY13 income by 39.8%
Revenues from domestic sources rose 60.7% from Rs 33,366 cr in FY12 to Rs 53,611 cr in FY13
 "Earnings from domestic assets boost RBI's FY13 income by 39.8%")
Madhu Kapur asks for interim relief from court; YES Bank opposes
Case will be heard again on Monday
 "Madhu Kapur asks for interim relief from court; YES Bank opposes")
Growth prospects better but rupee fall to spike inflation: RBI
Central bank says growth depends on removal of supply constraints, good governance
 "Growth prospects better but rupee fall to spike inflation: RBI")
HDFC, ICICI Bank raise rates by 25 bps each
ICICI Bank's base rate now at 10%
 "HDFC, ICICI Bank raise rates by 25 bps each")
Peak season foreign holidays hit
Travellers still holiday, but for a shorter duration, and perhaps to places like Thailand, Singapore and also within India
 "Peak season foreign holidays hit")
Textile exports seen rising
A spark of revival has already been witnessed in Q1 2014, could lead to a 5-10% revival in exports
 "Textile exports seen rising")
IT hardware makers seek relief
Industry body reiterates request to include exchange rate variation clause in govt tenders
 "IT hardware makers seek relief")
Morgan Stanley fined $1 mn over bond pricing violations
The bank agreed to settle the case without admitting or denying the charges by FINRA, which self-polices the brokerage industry
UK banks to pay $2 bn for mis-sold card-insurance
The regulator didn't disclose the firms' individual contributions
 "UK banks to pay $2 bn for mis-sold card-insurance")
RBI once again flags concerns on inflation
Although headline inflation has moderated in Q1, 2013-14 to an avg 4.7%, risks on inflation front are still significant
Rupee dips to new low vs British pound; breaches 102-level
Rupee has been hitting fresh lows below Rs 100 level for three consecutive days
 "Rupee dips to new low vs British pound; breaches 102-level")
IDBI raises interest rates on FCNR, NRE deposits
Interest rates on FCNR (B) deposits for tenor of 3 years and above has been increased by 100 bps across all nine currencies
 "IDBI raises interest rates on FCNR, NRE deposits")
Rupee's current valuation below its fair value: Experts
According to experts this is primarily because of prevailing global uncertainties
RBI measures fall flat
Market keeps fingers crossed over Fed minutes; Rs slumps to 64.04 a $; Sensex falls 1.9%; investors left poorer by Rs 1 lakh cr
Medical tourism set to be in the pink of health
ObamaCare is fast assuring that companies migrate for medical care; depreciating rupee making India viable
 "Medical tourism set to be in the pink of health")
Rajan wants clarity on new bank licences by January
RBI forms internal panel to screen applications
 "Rajan wants clarity on new bank licences by January")
Airlines fear worst September quarter in recent times
It would have been easier for the airlines if they could push up fares. However, since January, fares have fallen by around 30%
 "Airlines fear worst September quarter in recent times")