Major News Headlines - 17/01/09
Allies Fin Serve { Website : http://www.Alliesfin.Blogspot.Com }
Source: Economic Times (www.economictimes.indiatimes.com)
PSU banks
have Rs 3.3K cr exposure in
Maytas
Banks seen
returning to risk-free government
securities
Japan's
Pioneer Corporation launches India unit
L&T,
Westinghouse Electric in nuclear
deal
Hyatt to
invest Rs 1k cr in setting up hotels
TCIL to
raise Rs 200 cr through rights
issue
Satyam
subsidiaries owe Rs 2,000 crore to govt-run
banks
Essar co
wins Rs 500-cr Nagpur airport project
Source: Business Standard (www.businessstandard.com)
Star Tribune files
for bankruptcy protection
Satyam ADRs plunge
88% after resuming trade
Forex reserve dips
$481 million
Federal Bank net
profit up 98%
Nalco to set up Rs
4k cr refinery in Andhra
UB Group gets nod
to amalgamate Shaw Wallace
Source: Business Line (www.thehinduusinessline.com)
Govt slow in
acting on key reform proposals:
TRAI
PSU banks want
lowering of risk-weight on small home
loans
Jet Airways loss
doubles on high fuel costs, lower
loads
Tough to hit $10-b
target by 2010: TCS
Maytas Properties
to close 4 divisions
Unitech tumbles as
IFCI offloads 1.75 cr shares
Source: Bloomberg (www.bloomberg.com)
Citigroup Will
Split After Posting $8.29 Billion Loss for Fourth Quarter
Mexico Lowers
Benchmark Rate to 7.75% in First Cut in Almost Three Years
Gieve Says Full
Impact of U.K. Interest-Rate Cuts, Measures Not Yet Felt
Obama's Financial
Rescue Program May Revive Effort to Resolve Bad Assets
Key Rates:
|
Key Rates | |||
|
|
16/1/2009 |
15/1/2009 |
% change |
|
INR/$ |
48.77 |
49.08 |
0.64% |
|
INR/Euro |
64.89 |
65.55 |
-1.01% |
|
INR/Pound |
72.87 |
71.69 |
1.65% |
|
Call Rates |
2.25% - 4.30% |
2.25% - 4.30% |
- |
|
91 day T-bills |
4.5842 |
4.5842 |
- |
|
182 day T-bills |
4.6372 |
4.6372 |
- |
|
364 day T-bills |
4.5056 |
4.5056 |
- |
|
Gold (Rs.) (per gram) |
13000 |
12905 |
0.74% |
|
Silver (Rs.) (per Kg) |
18170 |
17920 |
1.40% |
|
Brent Crude (abbl) $ |
45.93 |
46.26 |
-0.71% |
|
WTI Crude (bbl) $ |
35.4 |
37.28 |
-5.04% |
|
Sensex |
9324 |
9047 |
3.06% |
|
Nifty |
2828 |
2737 |
3.32% |
THOUGHT OF THE DAY: No tree grows to the sky.
--
Regards,
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Allies Financial Services
Website : http://alliesfin.blogspot.com
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