Briefly Business: Punjab National Bank cuts lending rate by 0.25%

Punjab National Bank cuts lending rate by 0.25%

NEW DELHI: Punjab National Bank on Thursday cut its lending rate by 0.25 per cent, a development which will make auto, home and corporate loans cheaper.

OBC raises fixed deposit rates

New Delhi: Oriental Bank of Commerce (OBC) on Thursday raised the deposit rates by up to 2.25 per cent for FDs of short-term maturities.

CCEA approves OVL's $1 billion acquisition

New Delhi: The Cabinet Committee on Economic Affairs has approved ONGC Videsh's acquisition of stake in an Azerbaijan oilfield for $1.001 billion.

Bhel share sale not in this fiscal: Patel

NEW DELHI: Disinvestment in Bhel will not happen in this financial year due to the "terrible scenario" in the power sector, Heavy Industries Minister Praful Patel said on Thursday.

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