ifci subsidiary for jointly bidding for advising on infrastructure
mumbai: industrial finance corporation of india’s subsidiary, ifci financial services ltd., is holding talks with deutsche telekom, rites and hudco for jointly bidding for infrastructure advisory proposals.

ifci financial has identified project advisory as its core competence area. during 1998-99, it submitted many such bids along in conjunction with various established players like rites, pricewaterhouse-coopers, and c b richard ellis.

the company has succeeded in getting itself enlisted as a project advisory company with steel authority of india ltd. and bharat heavy electricals ltd.

rbi denies nbfc licence
mumbai: the reserve bank of india has denied the registration of the following companies as non-banking finance companies.

viswasakthi finance of chennai, janapriya finance & industrial investment of calcutta, north kamrup small investment company of assam and koyalanchal finance of bihar.