Briefly Business

Rajasthan Govt,NHB and IFC sign MoU

New Delhi: National Housing Bank NHB,International Finance Corporation IFC and the Rajasthan government have entered into a partnership and signed a MoU to promote low and moderate income housing in the state of Rajasthan through joint participation of the public and the private sectors. NHB and IFC had jointly,in coordination with the Housing and Urban Development department of Rajasthan,sponsored a study to determine the size and depth of this market segment in select cities.

Poly Medicure posts record growth

New Delhi: Poly Medicure Ltd,which manufactures medical devices and disposables under the Polymed brand,has reported its highest ever net turnover of Rs 43.61 crore during the quarter ended September 30,as against Rs 31.35 crore during the same period in the last financial year,registering an increase of 39.07 per cent. During the period,the company recorded a profit before tax of Rs 5.90 crore against Rs 3.87 crore last year. The company has also started implementing its expansion plan with a capital of Rs 30 crore,which is expected to be completed by March next year.

PS Bedi group inks JV with Israel company

Mumbai: Logistics firm PS Bedi Group has inked JV with a Israel based Maman Group to foray into records management and archiving of documents. The pact has been signed in collaboration with Maman Group subsidiary Archive 2000. The product will bring the expertise of global

specialists for helping banks,insurers,hospitals and corporates.