WB to lend $650 m for eastern corridor project

New Delhi: The World Bank and India on Friday signed a $650-million loan agreement for the Eastern Dedicated Freight Corridor (EDFC). "The project will benefit industries of Northern and Eastern India, which rely on railway network for transportation of material inputs and exports that would accelerate creation of jobs in the northern and eastern regions of the country," the World Bank said. PTI

New Delhi

HCL Tech CEO Anant Gupta quits

HCL Technologies on Friday said its CEO Anant Gupta has put in his papers, following which the company has elevated current COO C Vijayakumar to the post. It added that the company was elavating C Vijayakumar as the President and CEO of the company with immediate effect. PTI

Jaipur

SBBJ’s operating profit rises by 3.74%

The State Bank of Bikaner and Jaipur’s operating profit rose by 3.74% to Rs 1,178.77 crore in the first half of the current fiscal. The business of the bank has touched a figure of Rs 1,68,700 crore (YoY growth 6.03%). TNS

Chandigarh

SBI inaugurates 50 KW solar project

Under the Solar Power Generation Mission of Government of India, Anil Kishora, CGM, State Bank of India, Chandigarh Circle, inaugurated 50 KW solar power plant at the bank’s Local Head Office on Friday. He said this was a step towards bank’s green energy generation target of 20 MW. tns

New Delhi

M&M launches e20 Plus hatchback

Mahindra & Mahindra on Friday expanded its electric vehicle portfolio with the launch of e20 Plus hatchback priced at Rs 5.46 lakh to Rs 8.46 lakh (ex-showroom Delhi). PTI