The department of post on Friday entered into a strategic partnership with the Unique Identification Authority of India (UIDAI) for the registration and distribution of unique identification (UID) cards. “This is not a tactical, but a stra-tegic partnership, where UIDAI will leverage the existing infrastructure of the DoP to reach out to the masses for providing UID,” UIDAI chairman, Mr Nandan Nilekani, said while signing the agreement.
Andhra Bank increases deposit rates
Andhra Bank on Friday decided to increase deposit rates with effect from February 5. The deposits with a maturity of one year to less than two years would get an interest of nine per cent per annum. The scheme with a maturity of 500 to 1,000 days would get 9.25 per cent.
NCC posts 6.6% dip in Q3 profit
Infra firm Nagarjuna Construction Company (NCC) on Friday reported 6.6 per cent dip in its net profit at `52.1 crore for the quarter ended December 31, against `55.8 crore a year ago. It reported a total income of `1,599 crore in Q3FY11 as against `1,466 crore.