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Popular Articles

Attrition rate Indian BPO industry's biggest challenge: Book
The BPO industry in India has undoubtedly been a very popular field of employment in recent years but one of the biggest challenges it is facing is a phenomenal rise in attrition rate, says a new book.

Shree Cements Q3 net rises 35% to Rs 167 cr
Shree Cements has reported 35 per cent increase in net profit to Rs 167.4 crore in the third quarter ended December 31, 2009 as against Rs 124 crore in the same qaurter last year.

News of the day

F&O OUTLOOK: Indecisiveness spreads to stocks futures
The Nifty traded in the positive territory for most part of the day. The index made an intra-day high of 5,167 but closed at 5,103, indicating caution at higher levels. This means the 5,182 level has acted as a strong resistance for the last four days with crucial support remaining at 5,080. It is difficult to predict when the market will move out of the current trading band as indecisiveness has now spread to stocks futures — most traded Nifty components, such as Tata Steel, Reliance Industries, Unitech, DLF, Tata Motors and Suzlon Energy, closed in a Doji pattern today.
Public Relations

DCB raises Rs 81 cr through QIP issue

Development Credit Bank (DCB) today said it raised Rs 81 crore by private placement of shares with qualified buyers. After the qualified institutional placement (QIP), the promoter group’s — Aga Khan Fund of Economic Development (AKFED) — holding in DCB came down to 23.11 per cent from 26.22 per cent earlier, Development Credit Bank said in a filing with the Bombay Stock Exchange. - Pantaloon QIP to start today - DCB raises Rs 81 cr via QIP, promoter stake reduces to 23% - Web exclusive: Paradigm shift in realty - Govt refers Jet"s proposal to raise $400 mn to CCEA - Aban Offshore surges 4% on QIP success - Aban Offshore opens bids for Rs 1,000-cr QIP issue Over a period of time, the bank intended to have a select few long-term investors who along with AKFED would support the DCB’s growth strategy and mission, the bank said. “We are now concentrating on growing secured assets in retail, micro SME, SME and mid-corporate business segments. The capital raised will strengthen our balance sheet and facility growth,” DCB Managing Director and Chief Executive Officer Murali M Natrajan said. This issue further enhances the capital adequacy position of the bank which was already at 15.9 per cent as on September 30, 2009. The qualified institutional placement had opened on November 11 and closed on November 18, the filing added.


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