Sumit Mazumder elected president of CII for 2015-16

New Delhi: Sumit Mazumder, CMD, TIL Limited, has been elected president of CII for the year 2015-16. He succeeds Ajay Shriram. Naushad Forbes, director, Forbes Marshall, has become the president-designate of CII for 2015-16. Shobana Kamineni, executive vice-chairperson, Apollo Hospitals Enterprises Limited, has been elected vice-president of CII for the year 2015-16. TNS

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New Delhi

Indian firms raise Rs 4 lakh cr via debt placement in FY15

Indian companies raised a record Rs 4 lakh-crore in 2014-15 through private placement of corporate bonds to meet business needs despite a sustained rally in the stock market. The companies had garnered Rs 2.76 lakh-crore in the preceding financial year. PTI

Chandigarh

SBI donates Rs 3.05 cr for flood-hit people in J-K

Lingaraj Mahapatra, chief general manager, SBI, Chandigarh Circle, presented two cheques amounting to Rs 2 crore and Rs 1,05,23,885, respectively, to Jammu & Kashmir Chief Minister on Monday for providing relief to flood-hit people. The donation of Rs 2 crore was made by the bank under Corporate Social Responsibility and Rs 1,05,23,885 represents donation made by the staff. TNS

Chandigarh

Bharti Retail opens Easyday stores in Jalandhar, Patti

Bharti Retail has opened two new ‘Easyday’ stores at Jalandhar and Patti to strengthen its position in Punjab. Easyday offers customers a new range of quality products at great prices and big savings. TNS