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).
The measures include easing norms for FPI investment in the debt market, and increasing the External Commercial Borrowing (ECB) limit under the automatic route from USD750 million or its equivalent per financial year to USD 1.5 billion.
EXAMIANS