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Orissa SMEs unhappy over state level banks' functioning
Small and Medium Enterprises (SMEs) in Orissa have expressed their resentment over the functioning of the State Level Bankers’ Committee (SLBC), which meets at regular intervals to monitor the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector.

Downside limited from current levels
The Nifty recovered sharply from its support of 4,820 to close at 4,900 on short-covering and positive global cues. It, however, faced strong upside resistance at 4,930 on profit-booking in key index heavyweights.

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CM to meet PM on water project
Chief minister B S Yeddyurappa will lead an all-party delegation to meet Prime Minister Manmohan Singh on January 13 seeking his intervention to withdraw the revocation order on the Kalasa-Bandori Nala drinking water project.
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RInfra bags Rs 1,725 cr road project

Anil Ambani group firm Reliance Infrastructure today said its consortium has bagged a project worth Rs 1,725 crore for building roads in Maharashtra from the National Highway Authority of India. - NHAI cancels Ennore road project - Govt to invite bids for 10 mega highway projects soon - Govt sets up division in NHAI for expressways - Govt approves transferring Rs 10,000 cr to NHAI from IIFCL - Gammon Infra secures Rs 850 cr NHAI contract - Markets remain in negative territory The company led consortium has received the Pune-Satara six laning road project in Maharashtra from National Highway Authority of India (NHAI), Reliance Infrastructure (RInfra) said in a statement. "With eight road projects totalling to 655 km, RInfra will be investing more than Rs 6,500 crore for the road sector. We are confident of increasing our investments in road projects over Rs 20,000 crore by 2012," RInfra CEO and whole-time Director Lalit Jalan said. The project would be build on design, build, finance, operate and transfer (toll) basis and is expected to be operational by July 2012, the release added. "We will... Look for opportunities in ultra mega road projects that will be available across India," Jalan added. RInfra"s two road projects in Tamil Nadu worth Rs 760 crore are now commercially operational. The rest are at the various stages of development. Shares of Reliance Infrastructure were trading at Rs 1,079.20 on the BSE, up 2.01 per cent from its previous close.


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