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Daiichi Sankyo to raise $1 bn through bonds issue
Japanese drug maker Daiichi Sankyo, the majority shareholder in Indian pharma major Ranbaxy Laboratories, plans to raise 100 billion yen (about $1.04 billion) through public issue of bonds.

Rlys PPP projects go off track
The Railways" ambitious plan to raise Rs 1,00,000 crore in the Eleventh Plan (2007-12) to develop rail infrastructure projects through public private partnerships (PPP) appears to have gone badly off track. Most key projects are still to get started, mainly because of the inability to get a fix on a viable PPP policy.

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Sensex at day's low
The Sensex has slipped further and is now at 16,623, down 220 points.
Public Relations

Nabard okays Rs 2.14 cr loan for drinking water

The National Bank for Agriculture and Rural Development (NABARD) has sanctioned a loan of Rs. 2.14 crore to the state government for implementation of a drinking water scheme at Lingdok Bazaar in East Sikkim, an official release said today. - RIDF support of Rs 417.06-crore to AP: NABARD - Nabard sanctions touch Rs 4,392 crore - Technopark Kollam gets Rs 49 crore Nabard fund - US still hopes Iran will change mind on nuclear deal - Puduchery govt seeks Rs 350 cr NABARD loan for infra projects - Nabcons plans expansion in Africa The sanctioned loan amounted to 90 per cent of the total cost of the project at Rs. 2.37 crore, the release said. NABARD has sanctioned a cumulative loan of Rs 6.25 crore in the financial year 2009-10 for three infrastructure development project in Sikkim comprising two road projects and one drinking water project, it said.


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