Reliance Power’s Krishnapatnam UMPP gets reprieve from Delhi High Court

Reliance Power said that the change in regulations in Indonesia has impacted all imported coal based projects in India, with 15,000 MW capacity involving an investment of Rs75,000 crore

The Delhi High Court has passed an order on 20 March 2012, directing that no coercive steps shall be taken for the time being against Reliance Power by or on behalf of any of the states procuring power from the proposed Krishnapatnam UMPP being developed by the company's wholly owned subsidiary, Coastal Andhra Power.

Referring to articles appearing in a section of media, Reliance Power said that the change in regulations in Indonesia has impacted all imported coal based projects in India, with nearly 15,000 MW capacity involving an investment of nearly Rs75,000 crore. The issue has also been raised by the Association of Power Producers with the prime minister and central government.

In the late afternoon, Reliance Power was trading at around Rs127.55 per share on the Bombay Stock Exchange, 1.47% up from the previous close.

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vanaja

5 years ago

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ICICI Bank launches credit card for super rich

The card is linked to a single card account with a single statement and a single fee

ICICI Bank has launched a new card product for the super affluent segment and the bank’s Wealth Management clientele called ICICI Bank Sapphiro. Earlier the Bank has launched two cards—ICICI Bank Coral and ICICI Bank Rubyx.

According to the Bank press release, “Card members will receive two cards—the ICICI Bank Sapphiro Platinum American Express Credit Card and the ICICI Bank Sapphiro Platinum Chip MasterCard Credit Card.”

The card is linked to a single card account with a single statement and a single fee. It provides access to a host of privileges from American Express and MasterCard. The cards provide exclusive privileges from some of brands such as Leading Hotels of the World Ltd., Atlantis the Palm, Dubai, and Air France-KLM.

Card members also can look forward to exclusive members—only events, Thursday night movie premieres, complimentary tee-offs at championship golf courses across the world and premium privileges across travel, shopping, wellness and entertainment, the release said.

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Federal Bank launches interbank mobile payment service

Under IMPS framework, a customer can transfer funds through Internet banking from his bank account to any another bank account

Private sector lender Federal Bank has launched real-time fund transfer facility IMPS (interbank mobile payment service) to its Internet banking customers from 20th March.

This facility is offered in association with National Payment Corporation of India. At present, much of inter-bank funds transfer transactions are through NEFT (National Electronic Funds Transfer) mechanism. Under NEFT, the transactions are processed and settled in batches from 9 a.m. to 7 p.m. and, hence, are not on real-time basis.

In the scheme launched by Federal Bank, a customer can transfer funds instantaneously through Internet banking from his/her bank account to any another bank account which comes under IMPS framework.

A customer does not require beneficiary IFSC code and account number.
Customers can use FedNet as a channel for accessing their bank accounts and transferring funds. The service is available 24 hours through out the day and for the whole year. A customer who wants to transfer funds has to register for Internet banking facility and update his mobile number with the bank.
Customers can transfer up to Rs50,000 daily and up to Rs2 lakh in a month, a press release said.

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