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What is an open tender and why is it important?
Tenders

What is an open tender and why is it important?

Open tenders are one of the most popular types of tenders, often used by government bodies and PSU units to procure goods and services from suppliers in a transparent manner. The purpose of using open tenders for procurement is to create competition and minimise discrimination. It also helps to create opportunities for emerging businesses to apply for new work. Let us take a look at what is the meaning of an open tender, its advantages, limitations, importance and role in the eTendering process.

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Types of business finance for small businesses in India
Business Loans

Types of business finance for small businesses in India

When looking for funds for small businesses, there are different funding options one can avail. Here we look at the different types of business finance options available in India. We understand the key characteristics of each business finance type, its merits and demerits, and how to choose the right funding options for smart financial planning for business.

Last updated on: Mar 13, 2024
Sohini Banerjee
Fe 415 vs. Fe 500 TMT bars – Differences, uses, price
Procurement

Fe 415 vs. Fe 500 TMT bars – Differences, uses, price

Steel grades such as Fe 415 and Fe 500 play a key role in modern reinforced concrete construction. Each grade offers different strength, ductility, and structural performance depending on project requirements. This guide to Fe 415 vs. Fe 500 steel helps builders and contractors understand which TMT bar grade is suitable for residential buildings, infrastructure, and RCC structures in India.

Last updated on: Mar 11, 2026
Sohini Banerjee
Bank of Baroda business loan: Eligibility, interest rates, how to apply
Business Loans

Bank of Baroda business loan: Eligibility, interest rates, how to apply

When looking for a business loan, consider availing Bank of Baroda business loan for your MSME. BoB business loans are designed to cater to diverse business needs, from working capital to business expansion and purchase of raw material. They come with attractive interest rates and can be applied for online and offline. Let’s take a look at business loans from Bank of Baroda and understand its types and features better.

Sep 5, 2023
Sohini Banerjee
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