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Central Bank of India has informed that it has entered into an agreement with Ashok Leyland, to provide loans for commercial vehicles.

Under the facility, Central Bank of India will provide loans for Ashok Leyland's customers at 100 basis points below its benchmark prime lending rate till March 31, 2010. The bank's current BPLR is 12 per cent.

The latest move is considered as a part of bank's strategy to increase its retail loans portfolio to 15 per cent of its total assets, from the current 9 per cent.

Srinagar, June 17 : Jammu and Kashmir state Congress presiden

Indian Real estate company Unitech has informed that its telecom venture has earmarked a capital expenditure of Rs 10,000 crore for the next three years to roll out its services across the country.

Reports suggest that, out of the total capex, Rs 6,600 crore would be equity base, while the balance would be debt.

Further, Unitech Wireless, a joint venture between Norwegian telcom major Telenor and Gurgaon-based realty firm Unitech, has revealed its plan to increase the headcount to 1,800 people by the end of this financial year, from the existing 500.

Kathmandu  - Nepalese Prime Minister Madhav Kumar Nepal Wednesday expanded his government by inducting five new ministers.

The expansion of the cabinet came amid a continuing squabble among political parties that supported Nepal in his election as prime minister in the legislative assembly in May.

Nepal brought in four ministers from his Communist Party of Nepal- Unified Marxist Leninist (CPN-UML) and one from Nepali Congress, taking the cabinet size to 22 members.

Public sector power solutions major Power Grid Corporation of India has informed that it has registered a growth of 156 % in its net profit for the quarter ended March 2009, following clearance of past transmission charges by the regulator.

The company posted a net profit of Rs 616 crore in the quarter, against a net profit of Rs 240 crore in the corresponding quarter the previous year.

Further, it also witnessed a surge of 35% in its total income, which grew to Rs 2,334 crore, as compared to Rs 1,729 crore, corresponding quarter the previous year.

Taipei  - A Taiwan bookstore is trying to catch a book thief who not only steals books, but also leaves cards in the store's books with tips on how to steal books.

The Eslite Bookstore, Taiwan's largest bookstore chain, said Wednesday that since April, someone has been leaving printed cards in books in several of its stores, with tips on how to steal.