Briefly Business

Prakash Bakshi is new chairman of NABARD

Mumbai: State-run National Bank for Agriculture and Rural Development NABARD on Friday said Prakash Bakshi has been appointed as its new chairman. Prior to this new role,Bakshi was handling the responsibilities as executive director of NABARD.

8 rates on PPFs closed between May 05-Dec 10

New Delhi: The government on Friday said that PPF accounts of Hindu Undivided Families HUFs which were closed down between May 2005 and December 7 last year would get 8 per cent interest on the deposits.

Sujan Hotels adds Ranvas to its portfolio

New Delhi: Sujan Luxury Hotels will take over the management of Ranvas,the 18th century ladies palace,at the Ahichhatragarh Fort in Nagaur,Rajasthan. A two-hour drive from Jodhpur,the fort has been restored over the past decade by the Mehrangarh Museum Trust and converted into a resort.

RBI allows UCBs to lend to SHGs amp; JLGs

Mumbai: The Reserve Bank on Friday allowed urban cooperative banks UCBs to give loans to self help groups SHGs,a move that will help in promoting financial inclusion in the country.

Renault to launch four more cars by 2012

New Delhi: Renault India plans to launch the Koleos SUV by the end of this year,besides three more cars in 2012,which will also include a small hatchback. The Koleos SUV model will be launched in the segment below Rs 20-lakh.