Task force on local currency trade to meet today

Sep 11 2013, 02:48 IST
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SummaryOVL may buy Petronas stake in Venezuela.

New Delhi: Officials from economic ministries, Reserve Bank, SBI and industry bodies will deliberate on mechanisms for international trade in local currencies at their first panel meeting here on Wednesday.

OVL may buy Petronas stake in Venezuela

New Delhi: ONGC Videsh Ltd, the overseas arm of state-owned Oil & Natural Gas Corp (ONGC), and its partners OIL and IOC are mulling buying 11 per cent stake that Malaysia’s Petronas has decided to give up in a $20 billion oil project in Venezuela.

Canara Bank to charge R60/yr for SMS alerts

New Delhi: State-owned Canara Bank on Tuesday said it will charge Rs 60 per year to customers for SMS alerts beginning October 2013.

Gross tax collections down R41K cr over BE

New Delhi: Gross tax collections fell short of the budget estimates of Rs 10.77 lakh crore by Rs 40,893 crore in the last fiscal due to economic slowdown.

‘CSR: Firms to spend R15K to R20K cr a year’

New Delhi: Expecting an annual CSR spending of Rs 15,000-20,000 crore by India Inc, corporate affairs minister Sachin Pilot has asked companies to see the new law as an investment opportunity to create a better work environment.

Corporate investment may dip in FY’14: RBI

Mumbai: The Reserve Bank has said corporate investments are likely to remain subdued this fiscal and may even fall below the level seen last year.

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