The Board of Executive Directors of the World Bank has approved the financing of USD 250 million to support the "India State Support Program for Road Safety", a project by the Indian government to improve road safety.
Rajarshi Gupta has taken over as Managing Director of ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC).
NSIC signed MoU with LG Electronics to set up a Centre of Excellence for MSME Sector In this endeavour, the LG Electronics and Electronics Sector Skills Council of India (ESSCI) will set up a "Centre of Excellence" at NSIC - Technical Services Centre.