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).

JSW Steel Ltd has decided to strengthen its focus on rural market.

To get deeper into the rural market, Mr. Sajjan Jindal, Vice-Chairman and Managing Director of JSW Steels, said that the company, which has already opened 60 retail outlets through franchisee route, is planning to take it upto 600 outlets allover India by the next two years.

While talking to media persons at a seminar organized by NMDC in Hyderabad on Monday, Mr. Sajjan said that the company’s overall exports figure accounted for 40% of its production.

In a significant move, the state run Employees State Insurance Corporation (ESIC) has announced that it has awarded Rs. 1,182 crore outsourcing contract to IT major, Wipro Infotech.

ESIC is a constitutional firm which works under the Ministry of Labour & Employment, Government of India. It is considered as the main implementing agency of social security scheme in the country.