Public Relations
BS Reporter / Mumbai November 16, 2009, 15:31 IST
Move comes within months of acquiring Wockhardt hospitals.
2009 was a bumper year for bullion investors as both gold and silver reached record highs in domestic and international markets.
The stock erased all its gains and slipped into the negative terrain to touch a low of Rs 1,005. The stock finally ended at at Rs 1010, down 1% from its previous close. The counter clocked volumes of 136,077 shares as compared to the two-week daily average traded volumes of 147,279 shares on the BSE.
Swaraj Baggonkar / Mumbai January 5, 2010, 0:20 IST
The Tamil Nadu government attracted investments worth Rs 15,000 crore during 2009, majority of which was driven by the automobile industry.
Hinduja group firm, Ashok Leyland today said it will roll out 25 products in the next eighteen months from its newly launched truck platform and will shift all existing products to it by 2013.
Manufacturers upbeat on account of economic revival, year-end sales
State-run Indian Oil Corp (IOC) has appointed three merchant bankers for its maiden overseas bond issue of $500 million (Rs 2,325 crore).
Tension gripped the Telangana region of Andhra Pradesh on Saturday, with the joint action committee ( JAC) of people’s representatives of Telangana planning to observe an indefinite bandh from Tuesday, if the Centre did not announce in the next two days a timeframe for the formation of the Telangana state .
Production to begin in 12-15 months; second such venture.
Expects to earn Rs 3,000 crore each year from new venture.
The government today deferred the implementation of the ground handling policy at airports by a year, allowing private airlines to continue their ground handling services, along with airport operators, Air India and other air carriers, inside the airport terminal during that period.
National carrier Air India today said it aimed to save Rs 800-900 crore from its fuel efficiency programme, started in 2008.
Expects to earn Rs 3,000 crore each year from new venture.
Oil marketing companies (OMCs) want a price cut of as much as Rs 8 in the procurement price of biodiesel from the producers, who, however, do not agree to this idea.
A solution to the Telangana issue could be found only after wider consultations among all political parties in Andhra Pradesh and also at the national level, Union Law Minister M Veerappa Moily said today.
The private carriers would continue to provide ground handling services inside the airport terminal, along with airport operators, Air India (AI) and other selected specialised service providers, under the policy approved by the government today.
Air India CMD Arvind Jadhav is likely to hold a meeting on Friday with the committees reviewing the Productivity-Linked Incentives (PLI) of employees to chalk out a road map on the issue.
Central government-owned ports such as Kandla and Visakhapatnam might be the top two in the pecking order in terms of bulk cargo that they handle. But they might soon be overtaken by the new private upstarts, which have set up ports in Mundra and Pipavav (in Gujarat) and Gangavaram (Andhra Pradesh) and are growing at a rapid pace.
Eyes 90-year, revenue-sharing contract for eight fertiliser units.
Hindustan Unilever Ltd (HUL) has been restrained by a Kolkata civil court from running its current Vaseline advertisement in any medium or language till further orders.
The government would infuse additional equity into ailing Air India provided it saves at least Rs 2,000 crore this financial year by implementing cost-cutting measures, Civil Aviation Minister Praful Patel said today.
The country’s first Special Economic Zone dedicated to the Aerospace industry has been inaugurated in Belgaum district. The SEZ situated at Hattaragi, 37 km from Belgaum is promoted by Quest Global, an aerospace engineering and manufacturing company. The SEZ houses an engineering services facility, a precision machining unit and Aerospace Processing India, a joint venture between Quest and Magellan, a processing facility, which is critical for the industry.
The Delhi High Court today directed the government and the National Aviation Company of India (NACIL) to file their reply on a petition challenging the merger of two state carriers Air India and Indian Airlines.
The Indian cinema has witnessed some key changes over the decade. The surge of multiplexes and digital screens, changing methods of distribution & promotion of films and rising actor remuneration — all have redefined the business of Bollywood in India.
The proceeds from selling treasury stock will add to RIL’s cash and help its big acquisition plans.
Hyderabad-headquartered infrastructure developer, GVK Power and Infrastructure (GVKPIL), today acquired the entire stake of 17 per cent held by L&T Infrastructure Development Projects in Bengaluru International Airport (BIAL) for a total consideration of Rs 686 crore.
Sensex ends up 35pts
The Travel Agents Association of India (TAAI) says its 2,400 active, allied and associate members may agree to waive the commission charged on Air India tickets booked by agents if the loss-making airline asks for this. The move could save A-I around Rs 300 crore annually.
The Airports Authority of India is seeking financial assistance from the government for its loss-making operations in the North Eastern region.
India Infoline Investment Services today said that its Board of Directors has approved the appointment of M N Singh and A K Purwar as independent Directors on the Board of the company.
Emerging-market equity funds inflows tripled last week as the outlook improved for developing-nation exporters, EPFR Global said.
Global auto component maker Delphi today said it will showcase a number of its automotive technologies during next month"s Delhi Auto Expo including SD card-based navigation and generic body control module designs.
Domestic institutional investors (DIIs) were net buyers of Rs 86.72 crore (provisional) today, according to data released by BSE.
Reliance Communications on Friday tied up with Chennai-based UniverCell, a telecom services retail company.
Valuations can look stretched if the momentum in recovery doesn’t pick up as expected.
Markets have erased all its gains and slipped into the red.
The Anil Ambani-led Reliance Natural Resources (RNRL) today strongly objected in the Supreme Court to the grounds raised by the Mukesh Ambani Group to counter its contention on the supply and pricing of gas from the KG Basin.
Mutual fund houses are aiming to raise money at a time when the existing equity funds are finding it tough to cope with low inflows and redemption pressure. Should you subscribe?
Markets have extended gains. The Sensex has touched a high of 17,531 and is now up 181 points at 17,524.
The stock market could see 17-18 such issues next year
The political crisis in Andhra Pradesh worsened on Saturday when 20 ministers of the state cabinet from non-Telangana regions decided to resign to protest the formation of the separate state of Telangana.
With more competition lined up, comexes are focusing on delivery-based contracts.
The shortage of information and communications technology (ICT) skills in developed countries could become a serious issue once the worldwide economic crisis starts easing. This will be exacerbated by the falling number of masters and PhD holders in science and engineering, restrictions on cross-border movement of IT professionals and the US H-1B visa programme. However, this vicious circle could be mitigated by the Indian service firms increasingly recruiting internationally, according to a new OECD report on employment trends in the ICT sector.
The government has now decided to go for electronic trading of wheat for bulk consumers like flour millers to boost sales of the grain in the open market.
With a sharp rise in bond yields in the third quarter, most banks have been saved mark-to-market (revaluing securities to reflect their current value) losses by a whisker.
A significant change is happening in the country’s Industrial Training Institutes (ITIs). Two years after the government proposed upgrading 1,397 ITIs into Centres of Excellence in specific trades and skills under private-public partnership, Corporate India is warming to the idea.
The Indian cinema has witnessed some key changes over the decade. The surge of multiplexes and digital screens, changing methods of distribution & promotion of films and rising actor remuneration — all have redefined the business of Bollywood in India.
With sanctioned credit lines going abegging, banks take corrective action.
Despite a lukewarm year on the box office, UTV Motion Pictures (UMP) has managed to hold ground by reducing content acquisition costs, widening distribution in international markets and milking satellite & DTH rights to the fullest.
After a year long slump due to global meltdown, first year students of elite B-schools are back in the radar of companies in finance and banking sectors which are now hiring them for summer internship programmes.
Owing to the weak global economy, Royal Dutch Shell reported a sharp drop in third-quarter earnings and production on Thursday and said it would downsize by 5,000 jobs.
Hershey Co’s controlling trust wants the candy company to make a $17 billion bid for British confectioner Cadbury Plc, the Wall Street Journal reported, citing unidentified people familiar with the matter.
Two global lenders--JP Morgan and Bank of America (BofA) are preparing to lend US chocolate maker Hershey about $7 billion to bid for British confectionery major Cadbury, says a media report.
The Department of Telecommunications (DoT) is hopeful that the defence ministry would release more spectrum for the 3G auction scheduled for next month.
Nestlé has decided to take on Cadbury’s Dairy Milk head on
Kraft Foods Inc, the world’s second-largest food maker, may increase its 9.8 billion-pound ($16 billion) bid for confectioner Cadbury Plc by Monday’s deadline to keep its takeover attempt alive.
UK’s Takeover Panel today asked US confectioner Kraft Foods Inc to make its final offer (popularly known as “put-up or shut-up”) to take over Cadbury Plc by November 9, or announce that it does not intend to make any fresh offer at all.
Hershey: Hershey is smaller and brings less to the table than Kraft Foods in a potential takeover battle for Cadbury. But the U.S. chocolate and gum maker may have one distinct advantage in the battle for the UK confectioner: a potentially irrational owner.
US-based mobile electronics and transportation systems supplier Delphi today said it would hire 150 more engineers at its Bangalore Technical Centre to cater to the automobile sector.
ITC flared up to a fresh 52-week high of Rs 270, and finally settled with a gain of 3.5% at Rs 269. The counter clocked heavy volumes of around 1.43 million shares on the BSE.
With an aim to diversify into other minerals and metals, the country"s leading aluminium maker Nalco is considering buying coal, copper and uranium mines in Namibia.
Mercedes-Benz is planning to launch over-dimensional-cargo (ODC) vehicles and long-haulage trucks that can carry up to 240 tonnes in India soon.
Mercedes-Benz Japan Co, an arm of Daimler AG of Germany, released the S-Class hybrid sedan today, becoming the first foreign automaker to roll out an electric-gasoline model in the Japanese market.
The Hang Seng has dropped 348 points to 22,423 and the Nikkei has declined 96 points to 9,401.
The robust growth in net profit in the second quarter seems unlikely to be repeated soon for cement companies, as prices in the south and west have been falling since October, with the increase in supply outstripping demand.
Manufacturing and marketing of portable gensets firm, Honda Siel Power Products today said it has appointed BSR & Company an Indian associate of KPMG, as statutory auditors of the company.
The country"s largest two-wheeler maker Hero Honda today said it will upgrade all its existing models to meet Bharat Stage-III emission compliant norms by the end of this financial year.
As the government wants to make accreditation mandatory for all institutions, the IITs have said they would like to be accredited by a statutory body and not by the National Board of Accreditation (NBA).
To shore up its capital adequacy and also to fuel its growth, private sector Yes Bank plans to raise $150-200 million before the end of the current fiscal, a senior official said today.
Four Seasons Wines Limited (FSWL), a subsidiary of UB Group’s spirits arm United Spirits Limited (USL), has cornered a 26 per cent share in Andhra Pradesh’s wine market within six months of the launch of its products, according to company director Abhay Kewadkar.
The apex body of state-run firms SCOPE welcomed the Cabinet decision to grant Maharatna status to four CPSUs, saying it will enable them to take major financial decisions quickly and compete globally.
Consequent to the sharp run up in markets in 2009, investors will have to be careful in picking stocks while lowering their return expectations
Stock exchanges in an effort to seek wider participation are trying to increase the number of liquid stocks. They may introduce some innovative products for this purpose. If rating agency Crisil’s efforts succeed, stock exchanges may sponsor research in some of the fundamentally strong, but less liquid counters to attract investors.
State-run Bank of India was set to launch an 8 per cent home loan scheme from January 1, M Narendra, executive director of the bank said today. “We are in the process of launching such a scheme. The scheme will be open to applicants from January 1 to February 28,” he said.
Mobile phone users would have to wait anywhere from three to six months for the freedom to switch operators without losing their existing number, as companies are yet upgrade their networks.
It is not just landlines, BSNL is losing mobile subscribers too, according to a Parliamentary panel which has pulled up the PSU for not taking effective steps to check its falling market share.
The Cabinet is likely to consider tomorrow granting the coveted "Maharatna" status to select profit-making Central Public Sector Enterprises (CPSEs), including ONGC, SAIL, BSNL, NTPC and CIL, that will offer them greater functional autonomy.
The stock soared to a high of Rs 738 and finally ended at Rs 733, up 3% from its previous close. The counter clocked volumes of 1.17 million shares as compared to the two-week daily average traded volumes of 686,880 shares on the BSE.
Infosys ended at Rs 2,454, higher by Rs 10 or 0.4%, on the BSE.
The central trade unions would press for shelving a proposal that wants to tax withdrawals from savings schemes, including provident funds, at the pre-Budget meeting with Finance Minister Pranab Mukherjee on January 14.
The mystery surrounding Black Rose, the Mongolian ship which sank near Paradip port a couple of months back, appear to be unfolding gradually with the officials of the Criminal Investigation Department (CID) unearthing some vital facts in their probe.
The stalemate over the Railways’ proposed coach factory at Singur is likely to continue with the West Bengal government on Tuesday indicating that it will wait for a firm proposal from the Rail Board before approaching its tenants for terminating the contract covering 997 acres at the former production site of the Tata Nano.
Kanika Datta / New Delhi December 10, 2009, 0:53 IST
J K Paper Mills, a leading paper manufacturing company has initiated the process of registration with the United Nations Framework Convention of Climate Change (UNFCCC) on carbon credits in the forestry sector.
World Gold Council (WGC) has announced the appointment of Ian Telfer as its new Chairman.
Hindalco Industries, India’s largest aluminium maker, plans to sell shares to institutional investors at Rs 130.90 each to raise Rs 2,900 crore this week. The board of directors met here today to fulfill the formalities before the issue is opened.
The government today said it has received a complaint from an ex-employee of Subhiksha alleging that the company had not paid salary for three months and closed all units without any communication.
Chinese banks: Economic crisis or not, China’s lenders are in good shape. The country’s big listed banks – Industrial Commercial Bank of China (ICBC), Bank of China and China Construction Bank (CCB), all unveiled mid-year balance sheets enviously light on bad debts. Thank China’s rapid growth – and an astonishing $300 billion vanishing act.
Technical Textiles sector is poised for growth with rise in salary levels in developing nations, particularly India, where the middle class population is expected to reach half a billion by 2030, an expert has said.
Cigarette to hotel major ITC today said it is open to demerger of its business verticals into separate entities if needed as they grow in size.
Insurance Australia Group (IAG) will pay Rs 542 crore for a 26 per cent stake in its general insurance venture, SBI General Insurance Co.
The Life Insurance Corporation of India (LIC) today launched it"s second micro insurance product - "Jeevan Mangal" aimed at lower income groups, as well as those living in remote rural areas.
With the number of hit-and-run road accidents seeing a sharp rise last year, non-life insurance companies have seen a three-fold rise in claims settled under the Solatium Fund.
Trades between FIIs generated a volume of Rs 38 crore on the BSE Tuesday-an decrease of 38.84% from Rs 62 crore clocked on Monday. As many as six stocks witnessed trades of 7.71 lakh shares on Tuesday.
State-run lender Andhra Bank today said its net profit rose by 69.58 per cent to Rs 273.97 crore for the second quarter ended September 30, 2009, over the same period last year.
Private sector lender Kotak Mahindra Bank today reported 86.22 per cent rise in its net profit at 299.76 crore for the second quarter ended September 30, 2009, over the same period last year.
BS Reporter / Mumbai October 28, 2009, 0:17 IST
In spite of extensive support from the state government, Gujarat’s small and medium spinning mills are on the verge of closure. While other segments in the textile industry value chain may be experiencing a turnaround, spinning is still reeling under global recessionary trends.
Virudhunagar, near Madurai in Tamil Nadu is to house one of the handloom clusters which was announced in the Union Budget 2009, said Union Minister for Textiles Dayanidhi Maran.
The Ministry of Textiles, Government of India is planning to infused additional capital of over Rs 1,600 crore to Cotton Corporation of India (CCI). The Ministry also set a target to inaugurate seven mills which are moderinised at the outlay of Rs 130 crore in the next 100 days.
A peek into the website of the Ministry of Company Affairs shows there are 60 companies registered by the name Niki, 217 companies registered in name of Intel, 136 companies registered as Tata and 412 companies in name of Reliance. The worst aspect is that there are not just umpteen number of illegal companies who are available in the market now-a-days, but they are flooding the market with all kinds of counterfeited and pirated products.
India’s 10-year bonds gained the most this week, as yields near the highest levels since October 2008 attracted investors.
The rupee today appreciated by 2 paise to 45.69 a dollar in early trade in line with other firming Asian currencies.
The recent surge in domestic sugar prices along with a strengthening rupee has made imports viable once again. About 400,000 tonnes of raw and refined sugar is estimated to have been contracted over the last two weeks. For last couple of months, millers had stopped contracting imports due to lack of price parity.
The Indian bourses opened in the positive at 17,604 but soon slipped into the red owing to lack of buying activity and no major trigger to boost the sentiment. The index exhibited lacklustre movement for major part of the trading day. The benchmark index towards the end slipped deeper into the red to touch a low of 17,509, down 149 points from the day"s high.
New Delhi, Dec 18 (PTI) A person seeking global trade mark now need not apply for it in several countries incurring a big cost, as Lok Sabha today amended the trade mark law to simplify the procedures.
In the turf war between the battered CPI(M) and its arch rival, Trinamool Congress, veteran Congressman and Union Finance Minister Pranab Mukherjee has found a new place of prominence.
Railway Minister Mamata Banerjee on Monday said she had already altered the land acquisition template of the Indian Railways in a bid to ensure no land was forcefully acquired for projects undertaken by her ministry.
The retail sector in Kolkata has adopted a wait and watch situation with retailers still wary of what lies ahead. What started as a big set-back for the retail industry in end-2008 with several malls and retailers shutting shop, the year 2009 was particularly bad for the industry with several cancellations of booked spaces and deferment of sanctioned projects.
Business Standard / New Delhi January 06, 2010, 0:08 IST
Sunil Jain / New Delhi January 04, 2010, 0:20 IST
The bailed out fat cats on the Wall Street woke up to stringent compensation norms this year sans hefty bonuses, as the Obama regime cracked down on excessive risk-taking ways of financial chieftains.
The simplest solutions continue to escape those trying to fix our broken financial system. Consider banks’ need to have enough capital on hand to weather market storms. Instead of requiring banks to simply raise and hold more common equity—the most important kind of capital—regulators are kicking around more convoluted ideas.
Credit Suisse Group AG, Switzerland’s biggest bank by market value, reported the highest quarterly profit in more than two years on gains from trading.
JPMorgan Chase & Co, the second- largest US bank by assets, said profit in the third quarter soared almost sevenfold, beating analysts" estimates, as fixed- income revenue surged.
Rupee fell, reversing earlier gains, on speculation importers were buying foreign exchange to save on costs. It retreated from the highest in more than a year as importers such as Indian Oil Corp, the nation’s largest refiner, may have bought foreign exchange to pay for crude oil, the price of which has increased more than 68 per cent this year.
The Reserve Bank of India (RBI) has found and took action against 17 cases of irregularities by companies that raised foreign currency convertible bonds (FCCBs) since April 2005, Minister of State for Finance Namo Narain Meena said today.
As investors get ready for Christmas celebrations, domestic bourses will not have much to cheer about and is likely to see subdued trading this week, feel analysts.
Domestic companies are expected to embark on a mega fund raising spree this year with plans to raise over Rs 50,000 crore by way of public offers, driven by the sharp recovery in the stock market.
The country"s most valued firm Reliance Industries (RIL) today said the public sector insurer Life Insurance Corporation of India (LIC) has hiked its stake in the company to 6.94 per cent over the past two years through open market transactions.
The initial public offer of DB Corp, publishers of Hindi daily Dainik Bhaskar, has received an overwhelming response from investors and got subscribed 14.60 times on the final day of the issue today.
Societe Generale SA, France’s second-largest bank by market value, said third-quarter earnings doubled as its investment-banking unit returned to profit.
For just about Rs 120 a month, you can now access the online version of Microsoft’s Office ’07. Thanks to ‘cloud computing’ company Nivio, it is now possible to rent MS Office for a fraction of its shelf cost and use it at the click of an icon without having the memory-guzzling software residing in your computer. And, it’s completely legal.
Markets have erased all its gains and slipped into the red.
Tata Sons, the holding company of the Tata Group, sold close to 25 million shares in Tata Consultancy Services (TCS) in the 2008 financial year, raising Rs 2,500 crore to increase stakes in other group companies like Tata Steel, Indian Hotels, Tata Power, Tata Tea and Trent.
The recent controversy over faculty pay at the IITs and IIMs suggests that they need to radically reorient themselves as academic institutions.
Godrej Industries, leading chemicals manufacturer and exporter of chemicals products, has entered into a memorandum of understanding (MoU) with Godrej & Boyce Mfg Co and Godrej Properties for development of the property at Vikhroli.
Godrej Properties ended the debut day at Rs 534, which is a premium of 9% to its issue price of Rs 490.
The listing of three big initial public offers (IPOs) — JSW Energy, D B Corp and Godrej Property — this week would be yet another test for the lackluster primary markets.
Godrej Properties has fixed a price band of Rs 490-530 per equity share for its initial public offer, which is scheduled to open for subscription on December 9.
In a gesture towards pensioners over the age of 80, the government has decided to accept voters" ID cards as age proof for getting the post-retirement benefit.
Kolkata-based United Bank of India (UBI) has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for an initial public offer (IPO). The issue size will be Rs 50 crore. The bank had appointed SBI Capital Markets (lead merchant banker), Enam Securities and Edelweiss Capital as merchant bankers for the issue, T M Bhasin, executive director, UBI, said.
Finance Minister Pranab Mukherjee today exuded confidence of managing differences among some allies over disinvestment policy of the UPA government.
Bhupesh Bhandari / New Delhi November 05, 2009, 0:27 IST
Business Standard / New Delhi October 27, 2009, 0:46 IST
Wadhwa Committee wants recovery of Rs 95 crore from those behind the fraud.
Consequent to the sharp run up in markets in 2009, investors will have to be careful in picking stocks while lowering their return expectations
Advance tax collection shored up in the second quarter of the financial year indicating expectations of profit for the September quarter.
In what would be the second biggest initial public offer (IPO), Naveen Jindal-promoted Jindal Power Ltd (JPL) plans to raise up to Rs 10,000 crore in this financial year.
JSW Energy’s track record and high revenue visibility are some clear positives, but the IPO leaves little to gain from in the short-term.
System integration firm Teracom today said it has bagged a Rs 12.6 crore broadband services deal from the Indian Railways.
Market watchdog Securities and Exchange Board of India (Sebi) today banned the leading English bank Barclays from issuing offshore derivative instruments following its failure to provide "true and accurate picture of transactions" as required by the regulations.
Quarterfinals at the World Cup. Just five of the top ten seeds are still in contention. Gelfand (No:1) is tied with Jakovenko (9) while Ponomariov (7) is tied with Gashimov (2) after the first game. Svidler (3) appears to be on his way out against Malakhov (22) and Karjakin (12) looks set to eliminate Mamedaryov (13) after Malakov and Pono won their first games.
Around four months ago, the new Boeing airplane for Prime Minister Manmohan Singh arrived in India. But the prime minister didn’t get an opportunity to fly in it because of the elections. Now, Singh has used the plane to fly to Thailand for the 7th India-Asean summit. The ultra-modern aircraft has a bedroom and a conference room for the prime minister apart from special chambers for his aides. It is equipped with security gadgets of the likes used in Airforce One to protect the US president.
Comprehensive civil nuclear pact to be signed during PM’s visit.
A third of Russia’s 42,000 clothing retailers will close by the end of this year after the economic crisis hurt local spending, according to the head of the European Fashion and Textile Export Council.
The market watchdog Sebi today extended the ASBA (application supported blocked amount) facility to corporate investors and high networth individuals (HNIs) to enable them to apply for IPOs or rights issue by keeping the application money in their bank accounts till allotment.
The market watchdog Sebi today extended the ASBA (application supported blocked amount) facility to corporate investors and high networth individuals (HNIs) to enable them to apply for IPOs or rights issue by keeping the application money in their bank accounts till allotment.
Ratnagiri Gas and Power Private (RGPPL) or the erstwhile Dabhol power project in Maharastra would start generating 1,900 Mw of electricity by March, 2010.
Chief minister B S Yeddyurappa has said that H D Deve Gowda has no locus standi to criticise the Bangalore-Mysore Infrastructure Corridor (BMIC) project as it was he as chief minister who had cleared allotment of land at a lower price and had even signed an agreement accepting the clause that courts in London would have jurisdiction on dispute redressal.
A strong brand, robust performance and healthy growth prospects provide comfort, but the IPO pricing caps any near-term gains.
Most of these families are looking at private equity funds as a way to earn fee-based income.
Investing in this capital-intensive sector calls for a close look at existing power purchase agreements and fuel supplies
A couple of real estate initial public offers (IPOs) may falter from around 15 lined up over the next few months if the issues are not reasonably priced, a realty consultant said.
Reliance Mutual Fund, the country"s largest fund house, today said it is open to acquisitions if some good opportunities come its way.
Development Credit Bank (DCB) today said it has raised Rs 81 crore by private placement of shares with qualified buyers.
Indian Air Force today deployed two MI-17 helicopters to carry out flood relief operation in and around Pursura and Khanakul areas of Hooghly district, nearly 100 km northwest of here.
Offshore oil drilling and production services company Aban Offshore today opened bids for its Rs 1,000-crore qualified institutional placement (QIP) issue.
After its Rs 462-crore initial share sale, the real estate developer Godrej Properties today said it plans to raise around Rs 3,000-crore through debt or equity to fund its expansion plans over the next two-three years.