Rupee firms up further
Mumbai: The domestic currency closed at 44.64/67 in its value against the dollar on Thursday, 3 paise higher than Wednesday's closing levels at 44.70.
Forward Market: The six-month segment closed at - 1.10 per cent (-0.15 per cent) and the one-year segment ending at -0.70 per cent (-0.56 per cent).
G-Secs: The 8.07 per cent 2017 opened at Rs 125.10 and closed lower at Rs 124.85, while the 7.37 per cent 2014 opened at 117.50 and fell to Rs 117.40.
Call Rates remained at 4.25 per cent.
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ICRA's BPO facility to be operational soon
New Delhi: ICRA Ltd has said that its business process outsourcing facility in Kolkata will be operational by the month-end and that it will cater to the analytical and research-based requirements of diverse users. ICRA has roped in Joydeep Bhattacharya, head of the Indian operations of research body Zacks, to head the BPO venture.
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GIC gets AAA rating from CARE
Mumbai: General Insurance Corporation of India (GIC) has booked over Rs 500 crore in profit on sale of investments in the past fiscal. According to the company, the company has earned returns of around 13-14 per cent on its investment corpus of Rs 10,000 crore on a booked cost basis. Meanwhile CARE has assigned a `triple A' rating to the claims-paying ability of GIC.

The rating factors in GIC's status in the insurance industry as the national reinsurer, its dominant market share in the Indian reinsurance market, strong solvency position, low operating leverage and good profitability and liquidity, according to senior CARE officials. According to CARE the GIC also draws strength from 100 per cent government ownership, the key role played by GIC in increasing the retention of a large portion of reinsurance in India, and good prospects for growth in the insurance sector.
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Six LoBs for BoB
Kolkata: With a view to becoming more customer-centric, the Bank of Baroda (BoB) has unveiled a business transformation programme whereby it will draw its operation into six distinct units, called Lines of Business (LoB), for the purpose of better customer segmentation. The corporate, business, personal and rural segments along with International operations and global treasury would each form a specific LoB.
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