Briefly Business

Credit offtake up 20.5 during 12 months to Sept 9

new delhi: Despite the high interest rate regime,credit offtake from banks grew 20.5 per cent to over Rs 42 lakh crore during 12 months to September 9,indicating strong momentum in the countrys economic activity.

ICICI Securities ties up with Oppenheimer

Mumbai: ICICI Securities,the brokerage and investment arm of the largest private sector lender ICICI Bank,has tied up with the US-based Oppenheimers Asian arm to offer institutional broking and investment services.

BSNLs loss at Rs 6,000 cr on 3G,BWA outgo

new delhi: State-run BSNLs losses have more than tripled to about Rs 6,000 crore during 2010-11 mainly due to hefty outgo for employees salary and expenses borne by the PSU for procuring 3G and BWA spectrum.

Govt to set up National Automotive Board

new delhi: The government on Wednesday said it will set up a National Automotive Board as a nodal agency for all policy and certification related issues of the industry in the next 2-3 months.

Kerala CM to meet steel minister over projects

new delhi: Keen to push for Keralas industrialisation in a big way,the states chief minister Oomenn Chandy will meet steel minister Beni Prasad Verma today to seek his intervention in expediting investments of about Rs 7,000 crore proposed by state-run behemoths SAIL,NMDC and KIOCL in the coastal state.