Credit rating agency ICRA and the Karur Vysya bank have signed a Memorandum of Understanding (MoU) under which ICRA will assign ratings to the bank`s loans and its other exposures under the standardized approach of RBI`s new capital adequacy framework for base-II.

Pantaloon Retail India announced that its joint venture (JV) with Alpha Future Retail, the UK based Alpha Airport Group is still operative.

Areva T&D India`s Transmission and Distribution Division (T&D) has been awarded a contract worth 35 million euros with Bhilai Steel Plant (BSP), a flagship unit of the ``Steel Authority of India`` (SAIL), the largest steel manufacturer in India. ..