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Villages in AP to get bottled mineral water from Aug 15
Villages in Andhra Pradesh will be supplied bottled "mineral water" rather than piped water from the coming Independence Day.

L&T, GE Hitachi to build nuclear reactors in India
Engineering and construction major Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with the US-based GE Hitachi Nuclear Energy, one of the largest nuclear power plant vendors in the world, for the construction of nuclear power plants in India.

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Irda asks insurers for info on commission paid to banks
Sectoral watchdog Insurance Regulatory and Development Authority (Irda) today asked insurance companies to provide information on commission paid to the banks for selling policies.
Corporate

Change of guard at SBI Cards

SBI Cards, the 60:40 joint venture between State Bank of India and GE Capital, has a new CEO. Abhay Singh, who used to be chief general manager of SBI’s Mumbai circle, has taken over from Diwakar Gupta. - BSP sees open criticism on Mayawati"s functioning Gupta will be moving to SBI’s Mumbai office as a deputy managing director, although he hasn’t been allocated a department yet. Before taking over as CEO of SBI Cards last year, Gupta was chief general manager of the SBI associate, State Bank of Patiala. He took over at a time when SBI Cards was reeling from losses and SBI assumed management control of the joint venture. Gupta is credited with reducing losses and bringing stability to the credit card issuer’s business.


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