Rupee plunges to historic low on panic buying, crosses 44
The rupee pierced the psychologically crucial 44-barrier on Wednesday and crashed to a historic low of 44.04/06 against the dollar on panic buying by banks led by the State Bank of India in a volatile market.

`Banks, institutions must be empowered to seize securities'
The expert committee on legal reforms in the banking sector has suggested that banks and financial institutions be empowered to take possession of securities for all types of lending and sell them immediately after default.

IndusInd Bank, HSBC ink pact for credit card
IndusInd Bank on Wednesday signed a memorandum of understanding (MoU) with HSBC for issuing global credit cards under the MasterCard franchise to its customers.


  Executive Briefing
  Final touches being given to LNG transportation policy
  Delhi exporters move to clear pending claims
  Cogentrix project will take off, Kumaramangalam assures House
  CII meet on core sector legal reforms from tomorrow
  Need for integrated approach to water management stressed
  MSEB defers Rs 600cr bond issue
  Fed's Parry leaves door open for big US interest rate hike
  Talk of ECB intervention raises euro to week's high
  Short-term bonds reverse trendon rising premia
  RBI asks IndusInd, HDFC banks to open more rural branches
  StanChart to go in for local strategic alliances
  Dutch firm Aegon raises local exposure to $100 m
  Canara Bank joins Mastercard ATM network
  Central Bank to focus on personal banking
  Scientists complete map of second human chromosome
  Changes in Finance Act may lead to practical problems