Briefly Business: ‘Govt mulling cheap loans for more sectors’

'Govt mulling cheap loans for more sectors'

New Delhi: The government is considering providing cheap loans to some more stressed sectors other than SMEs to provide them a cushion against the global economic slowdown, commerce minister Anand Sharma said on Tuesday.

Russia offers stake in Magadan-2, 3 to OVL

New Delhi: Russia's Rosneft has offered ONGC Videsh Ltd a stake in Magadan-2 and Magadan-3 exploration blocks in the northern part of the Sea of Okhotsk in eastern Russia, oil minister M Veerappa Moily said.

Renault plans to hike prices from Jan 1

Chennai: Renault plans to increase prices of its automobiles in India by up to 1.5 per cent with effect from January 1, 2013 due to high input costs.

UN slashes world growth forecasts

United Nations: The United Nations has slashed its global growth predictions to 2.4 per cent for 2013 and 3.2 per cent for the following year and warned of a lasting employment crisis for western countries.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.