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To fund expansion, state-run telecom player Ltd (BSNL) plans to raise Rs 3,000 crore this year through a short-term loan. For the loan, a 12-month one, the company had invited bids from banks — both public sector and private lenders, a senior company official toldBusiness Standard.

It has also invited proposals for launching mobile-based wallet services, in partnership with a bank and other agencies. Through this, a mobile user can pay for various services such as recharge of prepaid cards and mobile/utility bills, booking film tickets and shopping online, too. One can also transfer money. (Courtesy: Business Standard)