Cong reacts cautiously over new RBI Governor's appointment

State-run Union Bank of India today said it has raised Rs 1,000 crore through Basel III-compliant tier II bonds on a private placement basis.

The coupon offered on the bond was 8 per cent, to be paid annually, the bank said in a statement here. The bonds are issued for a period of 10 years, with call option after 5 years and thereafter on all coupon payment dates.                     * * * * * * MEP Infra bags short-term toll collection contract from NHAI * MEP Infrastructure Developers today said it has bagged a short-term toll collection project from NHAI in Jharkhand for a period of one year with an annual remittance of Rs 79.20 crore, payable on a weekly basis over the project tenure. 

The company has received the Letter of Acceptance for toll collection at Ghangari Toll Plaza at of NH-2 in Jharkhand, MEP said in a statement.                     * * * * * * Big Bazaar sala gets good response across over 450 cities 

 Big Bazaar's 'Maha Bachat Sale' on Snapdeal recorded sales across 451 Indian cities with maximum response coming from for personal appliances and home categories.

The top five cities in terms of volume were New Delhi, Mumbai, Bangalore, Lucknow and Pune, the online marketplace said in a statement here.

Amidst the smaller cities, buyers from Haldwani, Begusarai, Angul, Jind, Bellary, Erode, Bardhaman, Silchar, Kurnool and Aizwal were the most active during the five-day sale (August 13 to 17), it added.

"Our pan-India footprint helped extend the reach of the Big Bazaar sale to towns and cities far away from Big Bazaar physical stores. The comprehensive and frictionless interface between Snapdeal and Big Bazaar enabled door step delivery of a wide assortment across the country including in small cities and towns," Saurabh Bansal, VP & Head-Category Management at Snapdeal, said.