B P Pandey to continue with additional charge as REC CMD

State-run Rural Electrification Corp (REC) today said that its Chairman and Managing Director B P Pandey will continue on the post beyond December 31, 2016 till the new incumbent is appointed.
Pandey who is also Special Secretary Power was given the charge of REC CMD for three months period till December 31, 2016 or until further orders of the government.
"Ministry of Power vide its Order dated January 03, 2017 has intimated about the extension in holding of additional charge of the post of CMD, REC by B P Pandey beyond December 31, 2016 till the new incumbent joins or until further orders, whichever is earlier," REC said in a BSE filing today.

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Droom ties up with Axis bank for loans on new, used cars * Online automobile marketplace Droom today said it has partnered with Axis Bank, India's third largest private sector bank, to facilitate quick sanction of loans on new and used cars.
Loans will be provided for up to 85 per cent of the value of the car with a tenure of 1-5 years, a statement said adding that loans on used cars can be availed on vehicles upto the age of 10 years at the end of the loan tenure.

"The recent collaboration is another step in our attempt to provide holistic facilities to our users and enhance the car-buying experience. We hope that faster loan disbursal mechanism will provide customers with a buying experience that is hassle-free, secure and convenient," Droom co-founder and VP Business Development Rishab Malik said.

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Tata Trusts,Google partner MobiKwik for m-wallet adoption * Tata Trusts and Google India will expand their 'Internet Saathi' programme by enabling cashless transactions through MobiKwik.
Internet Saathi initiative focuses on training communities to go online, whilst providing them access to internet-powered devices and educating them about cashless payments.
"Enabling digital wallet is a big step towards ensuring that the community benefits from services with great amount of saving in time and cost," Tata Trusts Project Director Raman Kalyanakrishnan said.
Launched in July 2015, Internet Saathi program is now live in 10 states reaching out to over 26,000 villages. Close to 12 lakh women have benefited from the programme by getting trained on digital and internet literacy.

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ShopClues partners National Handloom Development Corporation * Managed marketplace ShopClues today said it has partnered with National Handloom Development Corporation Ltd (NHDC).
ShopClues will launch a dedicated page on Indi Market, the online vertical dedicated to exclusively Indian products, it said in a statement.
This partnership will enable ShopClues to use India the brand and the logo of Indian Handloom on appropriate products across the platform, it added.
Shopclues shall partner with NHDC and on-board specialised merchants uniquely trading in more than 70 indigenous products like Tanjore Silk, Benarasi Silk etc. That primarily cater to lifestyle, home furnishing and decor categories.