Industry body, Federation of Indian Chamber of Commerce and Industries (FICCI) asked for lower interest rates in the range of 7 to 8 per cent for infrastructure projects in the country, blaming high lending rates a major cause of stagnation in the growth rate.
FICCI Chairman, Harsh Pati Singhania, while addressing the inauguration summit on infrastructure, said, "The rise in interest rates for project financing in the country have increased and are jeopardizing the financial viability of projects under the PPP mode."
With a view to fulfill its fuel requirement, country’s biggest thermal power generating company, NTPC has decided to import 12.5 million tons of coal in the next financial year (FY-09-10).
Speaking on the sidelines of a CII event here, VS Sampath, Power Secretary said, “We have set a coal import target of 35 million tons for power utilities in 2009-10 against the earlier planned 25 million tons.”
Power equipment manufacturer KEC International announced that it has bagged orders worth Rs 291 crore from Power Grid of India for setting up transmission lines in Madhya Pradesh and Assam.
The company said that the first order is for the supply and creation of 765 kv Satna-Bina line and another 400 kv line at Bina associated with ATS for the Sasan Ultra Mega Power Project in Madhya Pradesh.
The other project consists of two 400 kv and one 132 kv transmission lines between Balipara-Biswanath and Depota-Gohpur in Assam.
ICICI Bank is looking for ways to divert its ATM management and points of sale terminals (POS) into a different unit.
Moreover, the country’s largest private lender has also invited bids from private equity funds as well as banking technology companies for stake in this arm.
ICICI Bank has the second-largest ATM network with more than 4,600 Automated Teller Machines (ATM), and the largest PoS network with over two lakh terminals.
Life Insurance Corporation (LIC) of India announced that it has signed up a strategic contract with Punjab National Bank (PNB) to let bank’s clients to have access to various products offered by LIC.
The deal was signed in the company of LIC Chairman T. S. Vijayan and the bank’s Chairman and Managing Director K. C. Chakrabarty.
Thus far, LIC has signed deals with 31 banks via corporate agency model and with banks through referral model for developing banc assurance.
New Delhi, Mar. 17 : Around 30 river linking projects have been identified which will ensure equitable water distribution, but unfortunately due to state level issues associated with water, only two projects have been consented upon, said, Dr. Kirit S. Parikh, Member Planning Commission.
He was speaking at a Workshop on “CSR & Sustainable Water Management” “Rainwater Harvesting”, organised today by the Confederation of Indian Industry (CII).
Industry body, Federation of Indian Chamber of Commerce and Industries (FICCI) asked for lower interest rates in the range of 7 to 8 per cent for infrastructure projects in the country, blaming high lending rates a major cause of stagnation in the growth rate. 
With a view to fulfill its fuel requirement, country’s biggest thermal power generating company, NTPC has decided to import 12.5 million tons of coal in the next financial year (FY-09-10). 
Power equipment manufacturer KEC International announced that it has bagged orders worth Rs 291 crore from Power Grid of India for setting up transmission lines in Madhya Pradesh and Assam.
ICICI Bank is looking for ways to divert its ATM management and points of sale terminals (POS) into a different unit.
Life Insurance Corporation (LIC) of India announced that it has signed up a strategic contract with Punjab National Bank (PNB) to let bank’s clients to have access to various products offered by LIC.
New Delhi, Mar. 17 : Around 30 river linking projects have been identified which will ensure equitable water distribution, but unfortunately due to state level issues associated with water, only two projects have been consented upon, said, Dr. Kirit S. Parikh, Member Planning Commission.
