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Popular Articles

Inflation dips marginally but vegetable prices high
After a gap of almost two months, inflation dipped marginally to 0.7 per cent, but there was no respite for people as prices of items of common consumption, like potato and vegetables, continued to rule high.

Chiru does a u-turn, resigns as MLA for united AP
Making a u-turn, Praja Rajyam chief Chiranjeevi today announced his decision to resign as MLA and support a united Andhra Pradesh, changing the party"s earlier line of support to separate Telangana state.

News of the day

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.
Corporate

Ispat Ind boad okays share sale worth Rs 500 cr

Ispat Industries today said its board has approved its plans to raise Rs 500 crore by selling shares to investors. - Ispat Ind"s net loss widens to Rs 79 cr - Jai Balaji raises Rs 198.5cr via QIP - Inflation, interest rate hike main concerns of Indian investors - Mutual funds see outflow of Rs 1.44 lakh cr - Samvat 2065: Investors get richer by Rs 30 lakh cr - Move your money, manage it better The company is mulling different options such as depository receipts, convertible bonds and warrants carring right to subscribe to equity shares and convertible into equity shares in the company , including share sale sale to qualified institutional buyers on a preferential basis. The company"s board has decided to convene an extra-ordinary general meeting of the shareholders on November 21 to consider the proposed issue of shares, it said.


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