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IRDA seeks status report from AIG, Tata Sons
HYDERABAD: The Insurance Regulatory and Development Authority (IRDA) has asked Tata Sons and American International Group (AIG) to explain their position in the wake of reports suggesting possible insolvency of the AIG. In a release here ...

Sensex closes flat amid global financial worries
MUMBAI: Amidst a plunge in major Asian and European stocks on Tuesday on global financial crisis, the Indian benchmark Sensex closed flat after recovering the hefty losses in morning trade with a surprise buying in banking stocks. The ...

Rupee nears 47-mark
MUMBAI: After breaching the 46-mark on Monday, the rupee closed in on the 47-level against the dollar on Tuesday as strong demand for dollar continued amidst deepening concerns of capital outflows after a turmoil in U.S. financial markets. ...

ICICI Bank has Rs. 375-cr. exposure in Lehman
NEW DELHI: ICICI Bank on Tuesday said its London subsidiary has euro 57 million (about Rs. 375 crore) exposure in Lehman Brothers which has filed for bankruptcy protection. “ICICI Bank UK Plc holds euro 57 million of senior bonds ...

Cap on NRI deposit rates raised
RBI to sell dollars through agent banks to augment supply

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