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Popular Articles

OVL joins hands with Raspol, Petronas for Venezuelan fields
Oil and Natural Gas Corporation has replaced Reliance Industries with Repsol YPF SA, Spain"s biggest oil company, and Malaysia"s Petronas to bid for Venezuelan oil blocks next month.

Indirect taxes see 22% fall
The green shoots visible in the economy failed to enhance government revenue with indirect tax collections — comprising customs, excise and service tax — falling almost 22 per cent to Rs 1,26,903 crore in the April-October period this year. It stood at Rs 1,61,954 crore in the corresponding seven months of 2008-09. The overall decline was led by a 32 per cent fall in customs revenue.

News of the day

Indowind Energy uses Rs 36 cr loan
Indowind Energy Ltd on Friday said it had availed of Rs 36 crore term loan of the Rs 76 crore sanctioned by Indian Renewable Energy Development Agency Ltd in October 2008 for completing the existing 18 Mw operational projects. The balance Rs 40 crore has been earmarked for implementing new projects to be undertaken this year
International Business

Kiri Dyes to raise Rs 150 cr via securities issue

Kiri Dyes and Chemicals today said it will raise up to Rs 150 crore through issue of securities in the domestic and international markets for expanding its business operations. - Curb on debt securities norms - Right time to scrap tax on share trading: ICICI Sec - Sebi brings in new delisting norms">Sebi brings in new delisting norms - FIIs favouring India; will keep investing: ICICI Sec - SEC charges Countrywide founder Mozilo with securities fraud - Ketan Parekh still active in stock market In a filing to the Bombay Stock Exchange, the company said its board will consider and approve to raise up to Rs 150 crore via qualified institutional placement, preferential allotment and foreign currency convertible bonds . The amount would be utilised to part finance the expansion and diversification projects of the company. Shares of the company surged 11.30 per cent at Rs 227.10 in the afternoon trade on the BSE.


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