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Bajpai to head SBI Macquarie Infra Management
State Bank of India (SBI) and Macquarie Capital today announced today the appointment of Varun Bajpai as Chief Executive Officer and Praveen Gupta as Deputy Chief Executive Officer of their joint venture management company, SBI Macquarie Infrastructure Management (SMIM).

RInfra bags Rs 1,000 cr Kandla-Mundra road project in Gujarat
After bagging the Pune-Satara highway project last week, R-Infra, a unit of Anil Dhirubhai Ambani Group (ADAG) has now bagged the Rs 1,000 crore Kandla-Mundra Road Project from NHAI.

News of the day

CRR hike not to affect pvt sector's credit flow: Subbarao
Reserve Bank of India (RBI) Governor D Subbarao said the hike in the cash reserve ratio (CRR) announced today, would not affect credit availability to the private sector and harden interest rates immediately.
Management

Wrong CPI

Sitaram Yechury, the CPI(M) leader, had a tongue-in-cheek explanation for Finance Minister Pranab Mukherjee ripping into Brinda Karat during the discussion on inflation in Parliament. According to Yechury, “The FM was talking about the Wholesale Price Index (WPI) but we were telling him to talk about the Consumer Price Index (CPI) which showed a sharp rise in food prices. As we mentioned CPI, he thought we were talking about the political outfit CPI. That might have angered him.”


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