Public sector lender UCO Bank has notified that it would cut prime lending rate by 50 basis points by next week.
The bank has stated in a release that it has decided to cut PLR by half a per cent and ALCO (Assets and Liability Committee) of the bank would meet on November 10 to review the interest rate scenario.
State-run gas utility Gas Authority India Limited (GAIL) has informed that it has signed a Co-operation agreement with Government of Himachal Pradesh to link the hill state with the national gas grid.
GAIL was setting up gas pipeline networks from Uttar Pradesh to Haryana to Punjab and finally to Himachal Pradesh. The 610-km long Dadri-Bawana-Nangal pipeline, which will pass through Uttar Pradesh, Delhi, Haryana and Punjab entails an investment worth Rs 25 billion.
Punjab National Bank (PNB) has entered into an agreement with Mother Dairy, a wholly-owned subsidiary of National Dairy Development Board, to benefit the milk producers in Uttar Pradesh.
According to the sources, the tie-up would ensure better prices for their produce and time-bound payment through smart cards, to be distributed by the bank.
PNB stated in a release that, a pilot project has already been launched in Bulandshahr district in western UP.
Maytas Infra Limited, A Hyderabad-based infrastructure Development Company, has bagged a Rs 39 crore order from South West Infrastructure Private Ltd., a group company of Jindal Steel Works (JSW).
This is Maytas Infra’s second order from Jindal Steel Works.
The recent order involves construction of township for the employees of JSW Power Project coming up near Rathnagiri district of Maharashtra State in an area of 11,000 sq. mts. The project entails construction of 3BHK units of 18 flats, 2 BHK units of 132 flats, and 96 Hostel units.
EPIC Energy, energy management solutions provider in domestic and international market, has informed that it has been awarded a contract to conduct Investment Grade Energy Audit for 10 government buildings in Arunachal Pradesh.
The order has been placed by the Arunachal Pradesh Energy Development Agency.
The scope of contract includes exploring the energy conservation option in the electrical distribution system, the lightning system, the HVAC systems, the DG sets and the Water Pumping System.
According to the sources, the contract signifies EPIC’s entry into the north eastern region of the country.
Era Financial Services India Ltd., a subsidiary company of Era Group has informed that it has signed a film conducting pact with Yash Promoters & Builders Pvt. Ltd.
Public sector lender UCO Bank has notified that it would cut prime lending rate by 50 basis points by next week.
State-run gas utility Gas Authority India Limited (GAIL) has informed that it has signed a Co-operation agreement with Government of Himachal Pradesh to link the hill state with the national gas grid.
Punjab National Bank (PNB) has entered into an agreement with Mother Dairy, a wholly-owned subsidiary of National Dairy Development Board, to benefit the milk producers in Uttar Pradesh. 
Maytas Infra Limited, A Hyderabad-based infrastructure Development Company, has bagged a Rs 39 crore order from South West Infrastructure Private Ltd., a group company of Jindal Steel Works (JSW). 
