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This is an archive article published on December 25, 2013

Briefly Business: FM,Sharma,Nath to meet on FDI in construction

Ministers will meet soon to sort out differences over relaxation of FDI norms for the construction sector.

New Delhi: Finance,Commerce and Urban Developments ministers will meet soon to sort out differences over relaxation of FDI norms for the construction sector. FDI in construction is being deliberated upon. Three ministers will meet. Myself,finance minister and urban development minister Kamal Nath. The decision will be taken soon, commerce minister Anand Sharma said.

Kotak Mahindra Bank cut home loan rates

Mumbai: Private sector lender Kotak Mahindra has announced a rate cut of up to 0.25 per cent on their housing loans for a limited period.

FCI raised R20,000 cr short term loan

New Delhi: Faced with liquidity crunch,the Food Corporation of India FCI has raised

Rs 20,000 crore as short term loan to meet its working capital requirements.

Sukthankar deputy MD of HDFC Bank

Mumbai: HDFC Bank has promoted Paresh Sukthankar as the deputy MD. The decision,which comes in wake of intense speculation about who would succeed MD and CEO Aditya Puri,was taken by the board.

BHEL wins R1,023 cr contract from NLC

New Delhi: BHEL has bagged a Rs 1,023 crore contract from Neyveli Lignite Corporation for supplying turbine generator package at a thermal power project in Tamil Nadu.

NSEL case: HC refuses court commissioner

Mumbai: The Bombay High Court has refused to appoint a Court Commissioner on a plea made by NSEL as Rs 80 crore was expected to come in from the borrowers in the next few months.

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