Bajaj Auto ties-up with SBI for inventory finance to dealers

Through this tie-up, a cash-credit facility ranging between Rs25-lakh to Rs5-crore will be made available to Bajaj Auto’s dealers who predominantly fall in the small and medium enterprise (SME) category for State Bank of India

Bajaj Auto, the country's second largest two-wheeler-maker, today said it has tied-up with State Bank of India (SBI) to offer inventory finance to its dealers, reports PTI.

Through this tie-up, a cash-credit facility ranging between Rs25-lakh to Rs5-crore will be made available to Bajaj Auto's dealers who predominantly fall in the small and medium enterprise (SME) category for State Bank of India.

The loans will be sanctioned and disbursed subject to necessary approvals at a competitive interest rate, the company said in a statement.

The inventory finance innovation comes on the back of a spectacular sales performance by the company which recorded its highest-ever sales of more than 2.4-million motorcycles during 2010-2011.

With ambitious growth plans this year as well, higher inventories at the dealer level as well as secondary network are expected during this fiscal. Higher inventories would mean higher working capital requirements at the dealer level, the company said.

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NPCIL moots additional safety features for India’s nuke plants

The measures are part of six recommendations made by four separate task forces set up by the country's nuclear plant operator NPCIL to study the capability of handling extended power loss scenario witnessed during Japan's nuclear crisis

New Delhi: India's nuclear plants may soon get some additional safety features, including more provisions to add water to the reactors to deal with over heating of the core, a condition that led to the Fukushima nuclear accident, reports PTI.

The measures are part of six recommendations made by four separate task forces set up by the country's nuclear plant operator Nuclear Power Corporation of India (NPCIL) to study the capability of handling extended power loss scenario witnessed during Japan's nuclear crisis.

"Detailed walk down of all the plants have been conducted by specially constituted teams at sites and preparedness has been ensured," Shreyans Kumar Jain, chairman and managing director of NPCIL said in a statement late last evening.

He said the reports of the task forces were thoroughly reviewed and discussed by experts and the top management at NPCIL.

The studies have indicated that capabilities exist in all Indian nuclear plants to handle severe natural events, Mr Jain said.

However, the task forces have suggested introduction of new technologies to ensure initiation of automatic reactor shutdown on sensing seismic activity.

It has also suggested setting up of an advance tsunami alert mechanism at the Tarapur Atomic Power Station which houses two Boiling Water Reactors, similar to the crippled reactors at the Fukushima-Daiichi plant, which was affected due to a massive tsunami on 11th March.

The task forces also recommended additional shore protection measures at Madras and Tarapur Atomic Power Stations which are located near the sea coast.

The task forces have suggested additional hook up points to bring water to the spent fuel pools at Units 1 and 2 each of Tarapur, Rajasthan and Madras Atomic Plants.

While Units 1and 2 at Tarapur began operations in 1969, RAPS-1, built with Canadian assistance, became the prototype for the country's indigenous Pressurised Heavy Water Reactors (PHWRs).

India completed the RAPS-2 on its own after Canada suspended its assistance following India's 1974 nuclear test.

The two units of MAPS are also an earlier version of the PHWRs design of which was standardised later.

Standardised PHWRs are located at Narora (two units), Kaiga (four units), Kakrapara (two units) and Tarapur (two units). The units at Narora, Kaiga and Kakrapara are of 220MW capacity each, while Tarapur has two 540MW capacity units.

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Reliance Communications rolls out 3G services in Himachal Pradesh

RCom today launched its 3G services in major towns across the state

Shimla: Leading telecom service provider Reliance Communications (RCom) today launched its third generation (3G) services in major towns of Himachal Pradesh, reports PTI.

The services would be offered in Shimla, Solan, Baddi , Nalagarh , Paonta Sahib, Mandi, Kullu, Palampur, Hamirpur, Kangra, Dalhousie, Dharamshala, Maclodganj and Una.

The company announced that the 3G services would be launched in Sundar Nagar and Manali shortly.

RCom is targeting a national footprint of Reliance 3G services through associations with other like-minded, quality 3G licencees and Reliance 3G is now available in all 13 circles in nearly 150 plus towns, a spokesperson of the group said.

The launch of Reliance 3G is an integral part of our Vision 2015 of creating a 'Wirefree Himachal' built on 'affordable 3G services for all' platform, he said.

"Personalisation of services, simplification of tariffs and a content-rich portfolio on the 'Best in Class' 3G Wireless Network will enable Reliance customers to get a much superior 3G service experience, significantly differentiated from others in the marketplace," said Sami Butt, circle head Wireless Business of the company.

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