Maersk Line appoints Steve Felder as MD for subcontinent

Mumbai, Sep 13 (PTI) Global container firm Maersk Line today said Steve Felder as the managing director for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives.He was earlier the managing directo

Mumbai, Sep 13 (PTI) Global container firm Maersk Line today said Steve Felder as the managing director for India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives.

He was earlier the managing director of the containerized division of the Maersk Group in Eastern Africa, based in Nairobi.

“This is an exciting time to be in India and I would like to build on and add further momentum to our various initiatives in this sector,” he said. PTI AA ……………………………………………………

Credai steps in to resolve complaints of NCR home buyers Mumbai, Sep 13 (PTI) To resolve complains of home buyers in the NCR, real estate developers’ apex body Credai today said it has held a series of with political leadership in Uttar Pradesh and presented options to the government.

“The aim is to bring in credible and resourceful developers into the delayed projects, as investors or co-developers who would complete them and use an escrow mechanism to ensure that cash flows from unsold inventories are used up towards balance cost of construction,” Credai Chairman Getamber Anand said in a statement issued here. PTI PSK

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Yes Bk launches programme to help startups raise money Mumbai, Sep 13 (PTI) Midsize private sector lender Yes Bank today said launched an innovation programme for financial startups which will also help them raise up to USD 1 million in funding from venture investors.

The bank’s managing director Rana Kapoor said the programme presents the bank a “substantial advantage” if the solutions presented by the startups are strategically integrated with its systems.

Nine out of the 10 startups from the previous edition of a similar programme are integrating their solutions with Yes Bank and have raised USD 4 million in funding.

The autumn cohort of the programme announced today will focus on alternative lending, digital payments, real time data analytics, cybersecurity, big data and analytics, process automation, smart decisioning and digital banking. PTI AA …………………………………………………….

IACC inks pact with Mississippi Development Authority Mumbai, Sep 13 (PTI) Indo-American Chamber of Commerce (IACC) today signed a memorandum of understanding with Mississippi Development Authority (MDA) to nurture, enhance and sustain mutually beneficial economic ties.

Under the pact both the bodies will assist each other in organising business delegations and facilitate business interest, facilitate export and import of goods and services to and from Mississippi and India and encourage collaborative efforts that enhance business development objectives.

The MoU stipulates that both IACC and MDA will encourage, promote and facilitate investments in India and the State of Mississippi.

N V Srinivasan, national president, IACC, signed the MoU with Glenn McCullough, Jr, who is executive director, MDA.

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MMRDA hold workshop on multimodal transportation Mumbai, Sep 13 (PTI) The Mumbai Metropolitan Region Development Authority (MMRDA) today said it has organised a 3-day workshop on multimodal transportation planning and integration best practices and technologies.

Representatives from countries like the US, Bangladesh, Cambodia, among others will make presentations during the 3-day workshop, MMRDA said in a statement issued here.

“Any city in world that has deteriorating transport infrastructure will damage its economic structure. That s the reason we are committed to build roads, flyovers, metro and monorails and contribute to augmentation of the suburban rail services, MMRDA Metropolitan Commissioner UPS Madan.

This is published unedited from the PTI feed.