Newsmakers: Fortis' Shivinder Singh to step down, new Ford Figo launched and more

Ford India launches new Figo at Rs 4.3 lakh
Ford India has launched the latest version of its popular hatchback Figo at Rs 4,29,900 ex showroom (Delhi). The diesel variant has been launched at Rs 5.3 lakh. The new Figo will offer up to six airbags. The car has a ground clearance of 174 mm.

India ready to invest over $15 bn in Iran
India is ready to invest more than $15.2 billion to build projects in Iran including taking up full-scale development of Chabahar Port if Tehran offers better terms including cheaper gas, Shipping Minister Nitin Gadkari said. India is one of the handful countries that continued trade links with Iran, isolated by Western countries against its disputed nuclear programme. New Delhi is Tehran's second biggest oil client after Beijing.

India to provide 24x7 power by 2019: Piyush Goyal
India will provide 24x7 power across the country by 2019 by creating cost effective infrastructure which is sustainable and inclusive of clean energy solutions, Power Minister Piyush Goyal has said. Goyal was speaking at the India-US Ministerial Energy Dialogue held at the US Department of Energy in Washington on September 21.

Govt, RBI holding talks to ease ECB rules
Economic affairs secretary Shaktikanta Das said the government was in discussions with the Reserve Bank of India to ease some of the rules for external commercial borrowings (ECBs), adding the central bank would issue a draft paper "soon. Das, who took over his current post earlier this month, did not provide specifics on which ECB rules would be eased, during a speech to an investor summit in Delhi.

Fortis' Shivinder Singh to step down, join spiritual organisation
Fortis Healthcare executive vice-chairman Shivinder Mohan Singh is stepping down from his position to join a philosophical and spiritual organisation Radha Soami Satsang Beas headquartered near Amritsar. Singh (40), who is the co-founder of the healthcare chain will become the non-executive vice-chairman with effect from January 1, 2016, the company said.