MSEB raises loans
Mumbai: The Maharashtra State Electricity Board is raising loans worth Rs 200 crore to upgrade its transmission lines in five districts. The loan will be in addition to the Rs 200-crore bonds being planned for private placement.

The funds, being raised as 7-year maturity loans with a 12 per cent interest payable on a quarterly basis, will be used towards upgradation of MSEB's 440 KVA power transmission lines to 500 KVA lines in Buldhana, Solapur, Nashik, Sangli and Parbhani districts.
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Sahara airline to offer new facilities
New Delhi: The Sahara India airline has decided to offer a new set of facilities and incentives to travellers. The company will introduce free use of executive lounges, including board rooms, home delivery of tickets within four to five hours and a website to help travellers plan their holiday and make necessary bookings through the internet.

The airline is setting up a dozen executive lounges in the hearts of  metros under the aegis of Sahara Enterprises.
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Uco Bank plans 12 regional offices
Calcutta: Uco Bank has sought the Reserve Bank of India's permission for opening a dozen regional offices. The move is in line with the restructuring plan of the bank to set up five local head offices.
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Penalties against Credit Suisse
Tokyo: Credit Suisse group may have to pay penalties, including revocation of its Japanese banking licence for a derivatives unit. Tokyo's watchdog, the Financial Supervisory Agency, said it notified the outcome of its five-month official probe into the Swiss-based banking group.

The agency said it is about to revoke the banking licence of Credit Suisse Financial Product, a group unit that mainly handles derivative products, after it determined that the unit had obstructed investigations and conducted inappropriate transactions.
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