Borrowing plan lifts bonds- rupee remains unchanged
Mumbai: The rupee finished unchanged from previous close as it ended at 45.87/88 against the dollar.

Forwards Market: closed higher as the six-month finished at 1.89 per cent (1.75 per cent) and the 12-month ended at 1.58 per cent (1.50 per cent).

The announcement of the Government borrowing programme improved the sentiment of the market, with its plans to issue bonds for Rs44,000 crore in the second half of the fiscal to March 2005, lower than the market expectation of Rs50,000 crore.

G-Secs: The 10-year benchmark 7.37 per cent 2014 paper closed at Rs108.80 with a yield to maturity of 6.15 per cent. The 11-year benchmark 7.38 per cent 2015 paper ended at Rs109.70.

Call Rates: Moved up to around 4.55 - 4.75 per cent in the inter-bank market.

CBLO market: 109 trades worth around Rs3,400 crore were transacted in the rate range of 4.49-4.70 per cent.
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RBI cancels registration of NBFI Sehajpal Finance
Mumbai: The Reserve Bank of India has cancelled the certificate of registration of Sehajpal Finance & Investment from September 7 for carrying on the business of a non-banking financial institution.

Following this the company cannot transact the business of a non-banking financial institution and has also been prohibited from acceptance of deposits and alienation of assets. However, it is obliged to repay public deposits as per the terms of conditions of the contract of deposit, if any.
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UTV into comprehensive policy with United India
Mumbai: United Television (UTV), along with United India Insurance Co, has structured a comprehensive insurance policy for all its productions meant for television telecast (including ad films, television serials etc.) for an annual cover.

"Given the fact that it is a path-breaking development in insurance in the media industry, the policy is called United Television Production Policy,'' an official statement said.

The policy provides insurance cover to the company against risks and losses arising out of death /disability of key artistes, damage / destruction of sets /props and other material, expenses of re-shoot in case of occurrence of any such accidents which require the content to be re-shot, personal accident and hospitalisation of technicians, attendants and other personnel working on production, and public liability insurance etc.
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