Maran, Nath meet PC

New Delhi, April 25: Ahead of the FIPB meeting on Friday, telecom minister Dayanidhi Maran and commerce minister Kamal Nath today met finance minister P. Chidambaram and are understood to have discussed the Hutch-Vodafone deal. “I am meeting my ministry officials tomorrow to take a view on the law ministry’s views on the Hutch-Vodafone deal,” Nath said. “We have already given our views to the finance ministry,” Maran said, declining to comment on what he discussed with Chidambaram.

Moody’s rating

New Delhi, April 25: Global rating agency Moody’s Investors Service has said ratings of Indian banks, especially public sector banks, have improved due to their sound financial fundamentals and strong franchises. “Majority of the banks have benefited from a one-notch upgrade of their bank financial strength rating (bfsr) methodologies,” Moody’s said in a statement.

RPL refinery

Mumbai, April 25: Reliance Petroleum has said the progress of the refinery at Jamnagar sez is satisfactory and is expected to be commissioned by December 2008.

ONGC pact

New Delhi, April 25: ongc has signed an agreement with Oil India for transportation of its Assam crude oil. The renewal of the MoU would facilitate transportation of crude oil from ongc’s Lakwa, Galeki, Borholla and Rudrasagar oilfields through pipelines owned and operated by Oil.

BHL move

New Delhi, April 25: Bajaj Hindusthan Ltd (BHL) has appointed Kushagra Nayan Bajaj as joint managing director on its board.

Health cover

New Delhi, April 25: The government will encourage the setting up of stand-alone health insurance companies, which could provide cover even for routine opd treatment in hospitals and nursing homes without getting admitted.

Leelaventure

New Delhi, April 25: Hotel Leelaventure has won the bid for a three-acre plot in New Delhi for Rs 611 crore.