2. PSU banks not afraid of
further opening of sector:
PNB chief
• Public sector lenders are not afraid of
further opening of the banking sector.
•While inaugurating the 5th National
Conference organised by the Jaipuria
Institute of Management (JIM) on changing
role of the banking sector, Kamath said the
public sector banks did well after the RBI in
1993 issued licences for opening of banks,
currently known as new generation private
sector banks.
3. GAIL plans capex of Rs 40,000
crore in next four years
GAIL has planned a capex of nearly Rs
40,000-crore over the next four years for
undertaking various projects, including
capacity expansion of our petro-chemical
business as well as LPG and for sourcing of
LNG.
4. Hotel Leelaventure posts net
loss of Rs 4.75 crore
Hospitality firm Hotel Leelaventure Ltd reported net loss
of Rs 4.75 crore for the quarter ended September 30.
The company had posted net profit of Rs 1.75 crore
during the corresponding period last fiscal.
For the three month period under review, Hotel
Leelaventure's net sales grew by 16.38 per cent at Rs
104.41 crore as compared to Rs 89.71 crore in the
same period last year.
Hotel Leelaventure operates The Leela Palaces hotels
and resorts in Delhi, Mumbai, Bangalore, Gurgaon,
Udaipur, Goa and Kovalam.
5. Coal India in talks to buy US
mines
Coal India has budgeted $1.2 billion to buy
assets in the US, Indonesia and Australia
during the year ending March as it battles a
widening gap between domestic coal
supply and demand. The company, which
last month raised $3.4 billion in the nation’s
biggest-ever initial public offering, has near-
monopoly control of India’s coal market.
Indian companies are increasingly turning
to the US to secure vital commodities to fuel
the nation’s breakneck growth.
