Page 1335 - Finance News
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")
Credit grows by massive Rs 1,00,000 cr in August first half
Oil companies take loans worth Rs 20,000 cr
 "Credit grows by massive Rs 1,00,000 cr in August first half")
As rupee falls, NRIs exit realty
As returns decline, with extent and time horizon uncertain, some of these investors look to shift to safer zones
 "As rupee falls, NRIs exit realty")
Worst case scenario for rupee is 70 against the dollar: Andrew Holland
Interview with CEO, Ambit Investment Advisors
 "Worst case scenario for rupee is 70 against the dollar: Andrew Holland")
New chapter on foreign education
As rupee falls, higher studies abroad get costlier; US, UK lose sheen, Germany emerges the cheapest destination
 "New chapter on foreign education")
Banks would have booked Rs 30,000 cr MTM loss: Icra
After the RBI's relaxation yesterday, the losses will now get reduced to Rs 3,000-5,500 crore
 "Banks would have booked Rs 30,000 cr MTM loss: Icra")
Federal bank hikes deposit rates
Also raised NRE term deposits for three years and above by 25 bps to 9%
Yes Bank says suit filed by Madhu Kapur not maintainable
Madhu Kapur has challenged appointment of part time directors Diwan Arun Nanda and Ravish Chopra and part time chairman M R Srinivasan who were appointed in an Annual General Meeting of the Bank held
 "Yes Bank says suit filed by Madhu Kapur not maintainable")
Syndicate Bank raises FCNR (B) deposit rates by 1%
Revised interest for three years is 4.78%, four years is 5.17% and five years is 5.56%
 "Syndicate Bank raises FCNR (B) deposit rates by 1%")
ICICI Bank raises fixed deposits rates by up to 0.75%
New rates effective from August 16
 "ICICI Bank raises fixed deposits rates by up to 0.75%")
Rupee closes at 64.11 a dollar on Wed
This was compared to a closing of 63.25 a dollar
 "Rupee closes at 64.11 a dollar on Wed")
Rupee hits new low vs British pound; breaches Rs 101-level
Macroeconomic concerns, ballooning CAD and adverse global cues affecting the rupee
 "Rupee hits new low vs British pound; breaches Rs 101-level")
IT firms may delay foreign acquisition plans
Smaller players may take a hit as overseas buys get dearer
 "IT firms may delay foreign acquisition plans")
Government borrowing cost set to rise
Bond yields surge; implication is a further hardening of interest rates
FM discusses economic woes with top advisors
Key Planning Commission officials said the rupee would depreciate further a bit, before recovering
 "FM discusses economic woes with top advisors")
Exporters smile as order books bloat
Depreciating rupee a silver lining for some businesses amid the economic downturn
 "Exporters smile as order books bloat")
Bond yields set to fall; rupee seen strengthening
The rupee will strengthen by about 50 paise tomorrow, said a currency dealer with a state-run bank
 "Bond yields set to fall; rupee seen strengthening")
RBI helps rupee and stocks recover
Bankers, analysts warn any strength in rupee would be temporary unless govt announces stringent measures to curb high CAD
 "RBI helps rupee and stocks recover")
Rupee could touch 70/$ in a month or so: Deutsche
The partially convertible rupee dropped to a record low of 64.13 per dollar on Tuesday
 "Rupee could touch 70/$ in a month or so: Deutsche")
Banking shares pare early gains as rupee crosses 64 mark
The BSE banking index, Bankex up 94 points, has lost nearly 533 points from intra-day high.