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Nalco, NPCIL ink pact for nuke power generation
The aluminium major National Aluminium Company Limited (Nalco) and the state owned Nuclear Power Corporation of India Limited (NPCIL) have signed a memorandum of understanding (MoU) for collaboration with each other for setting up nuclear power plants in the country.

Hindalco net slips on debt
Loans taken for acquiring Novelis caused a dip in the net profit of the Aditya Birla Group’s Hindalco Industries. The profit dipped 21.65 per cent to Rs 427 crore for the third quarter ended December 31, from Rs 545 crore in the corresponding quarter of the previous year.

News of the day

Credit growth quickens, strength uncertain
The increase in credit flow till December 4 was 10.5% compared to a year ago.
Public Relations

BoB, Indian Bank name Executive Directors

Public sector lenders Bank of Baroda and Indian Bank today announced that they had appointed new Executive Directors. - Magma Fin takes 7% in Experian Credit - Details of bank staff pay hike in 90 days - Indian Bank may float subsidiary for NPA management - More time for IFRS rollout: banks - South Indian Bank scales up biz target by Rs 1,500 cr - IBA agrees on second pension option, wage hike Bank of Baroda today said it had appointed N. S. Srinath as an Executive Director. Srinath was previously a General manger of Canara Bank. V. Rama Gopal, who was previously a General Manager with Andhra Bank has been appointed Executive Director of Indian Bank. Earlier in the day, three other public sectors named new Executive Directors.


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