Briefly Business

The Reserve Bank on Tuesday said now all types of companies can avail trade credit facility from overseas for import of capital goods.

RBI relaxes trade credit norms

Mumbai: Relaxing norms to raise funds from abroad,the Reserve Bank on Tuesday said now all types of companies can avail trade credit facility from overseas for import of capital goods. Earlier,only companies in the infrastructure sector were allowed to raise such trade credits.

OVL may raise stake in Venezuela oil project

New Delhi: ONGC Videsh Ltd and its partners are mulling raising stake in Venezuelas $20 billion Carabobo-I oil project.

SFIO asked to complete Saradha probe by Dec

Story continues below this ad

New Delhi: The government has given time till December to the Serious Fraud Investigation Office to complete its probe into the alleged fraudulent money pooling schemes run by 54 entities,including Saradha group.

PSU bank employees unions call off strike

New Delhi: A section of public sector bank employees,who had threatened to go on strike on Wednesday,have deferred it following assurance from the government that there is no plan for merger of banks at present.

TCS sets up all-female BPO in Saudi Arabia

MumbaI: Tata Consultancy Services (TCS) has tied up with Saudi Aramco and GE to set up the first all-female BPO centre in Saudi Arabia.

Spectrum auction likely in January

New Delhi: The department of telecommunications is likely to conduct the third round of spectrum auction by January and expects to garner minimum revenue of about Rs 11,000 crore this fiscal,telecom secretary MF Farooqui said.

As Nitish Kumar prepares to take the field for another campaign, around him, much has changed.

Nitish-niti: What this moment means for the Bihar CM, his party

Long Reads7 hr ago

Bihar's CM Nitish Kumar, known for his welfare schemes, announced free electricity up to 125 units for domestic consumers. This move, seen as a sign of desperation, was actually a BJP idea with Nitish's touch. As he faces a generational shift in politics and challenges in his alliance, Nitish must prove his worth to young voters in his upcoming campaign.

View all shorts

Live Blog

PHOTOS