Railways to tie up with leading banks
The Indian Railways, in an endeavour to optimise its funds management, has shortlisted HDFC Bank, IndusInd bank, ICICI Bank and State Bank of India (SBI) for setting up a payment gateway and electronic funds transfer. A pilot project has already been conducted by the Railways and based on the outcome, the Railways is planning to tie-up with these banks mentioned above.Tata Steel in talks with Usinor
Tata Steel is in talks with French steel major Usinor for a marketing tie-up. The move will give Tata Steel a reach in the European markets for its high-end products as Usinor can sources high grade value added steel from Tata Steel for its markets in Europe.
Le Meridien eyes marketing alliances for Kerala
Le Meridien Hotels & Resorts is looking at entering into marketing alliances for stand alone hotel properties in Kerala. This would be the first time in India that Le Meridien would be entering into a marketing alliance for a hotel property without its brand name.
Significant drop in outstanding positions on BSE
The outstanding position at the Bombay Stock Exchange's BLESS has come down drastically. Also, the outstandings in the new economy stocks have dropped sharply, indicating that operators active long in these counters have opted for delivery.
Two public sector insurers appoint TPAs
Two public sector insurers have empanelled four third party administrators (TPAs) each for processing of their health insurance business.
Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.
