Rahul Kirloskar appointed Maharashtra CII Chief

Kirloskar Oil Engines Ltd (KOEL) Director Rahul Kirloskar was elected as Chairman of CII Maharashtra State Council 2007-08.

Newage Electrical India Ltd Managing Director Pradeep Bhargava was elected Vice-Chairman, a release said.

Rahul Kirloskar has been associated with the Kirloskar Group of Companies for more than 19 years at senior levels in different capacities, it said.

Bhargava has worked with the Central government and Public Sector in Indian Space Research Organisation and Atomic Energy Commission, Bharat Heavy Electrical India as corporate planner, implementing diversification into Power Electronics.

Consumer credit may slow down: Kamath

Consumer credit may slow down to 20-25 per cent due to rising interest rate and the base effect, ICICI Bank CEO, K V Kamath said.

"Growth has to slacken a bit. Instead of a growth of 40-45 per cent, it will now be in the range of 20-25 per cent due to base effect and interest rate," Kamath said on the sidelines of a CII function.

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