News snippets

~ SBI, BoI, Union Bank and Canara Bank cut their benchmarkprime lending rates (PLRs). (BS)

~ Tata Consultancy Services (TCS) has signed a multi-yearcontract worth Rs480cr with US automaker Chrysler. (BS)

~ A consortium of ADAG’s Reliance Energy Ltd and Hyundaibagged the contract for construction of the Mumbai TransHarbour Link (MTHL) between Sewri in Mumbai and Nava-Shevaacross the creek in Navi Mumbai, defeating another consortiumled by Mukesh Ambani. (BS)

~ Bharti Retail may not use the Walmart name for its front endretail stores. (FE)

~ Maruti Suzuki has entered into a pact with Mundra port for amega car terminal. (BL)

~ Tata Motors’ Nano rollout from its Singur factory would coincidewith the Durga Puja in October. (BS)

~ Net direct tax collections rose 41% during the period April 1,2007to February 15, 2008. (BL)

~ Indian Hotels Company won the bid to develop a resort onRadhanagar beach at Havelock Island in Andaman & NicobarIslands. (BS)

~ Centre weighs refund for exporters at state level. (ET)