Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

Air India CMD to meet panels on performance pay on Friday
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.

Service tax from stock brokers halved last fiscal: Finmin
The government today said the total service tax collected from stock broking firms reduced to almost half in the last fiscal when compared with the previous fiscal.

News of the day

Some of these won't work
China/Africa: Chinese growing investment in sub-Saharan Africa is both a huge global development and a short-term bubble. Both sides will benefit, but there may need to be some pain first. In 2008, China’s $106.8 billion bilateral trade with sub-Saharan Africa made it the region’s largest trading partner, surpassing the US’s $104.6 billion. The Africa-China trade is close to balanced, while Africa’s exports to the US, mostly raw materials, are worth five times as much as its imports.
Home Business

Cabinet may consider Jet proposal to raise Rs 2,000 cr

A proposal of Jet Airways to raise $400 million (about Rs 2,000 crore) from foreign investors may come up before the Union Cabinet when it meets here tomorrow, official sources said today. - FCI to sell wheat on bourses, may boost capacity use by mills - OMCs ready to pay Rs 26 a litre for ethanol - Govt approves policy for digitised cable content - HITS policy to enable digital delivery platform - Maharatna status for top PSUs likely in a month - Mayawati protests sugar price move, writes to PM The premier private carrier plans to seek official permission to raise $400 million or about Rs 2,000 crore via equity investment through the Qualified Institutional Placement route from Foreign Institutional Investors. The proposal was last month recommended for the consideration of the Cabinet Committee on Economic Affairs (CCEA) as the investment involved was above Rs 600 crore. Earlier, the Foreign Investment Promotion Board had deferred the proposal by the private carrier saying the issue would require the approval of the CCEA as it involved investments over Rs 600 crore. The airline intends to raise the money to meet its cash flow requirements and had got the shareholders" approval for the same on July 24. In order to raise the amount, the airline had earlier proposed to issue Rs 7.92 crore worth fresh equity shares at a price of Rs 252.50 per scrip.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009