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Markets extend gains
The markets have recovered from the low and touched a high of 16,495 - up 178 points from the day"s low of 16,317. The Sensex is now up 190 points (1.16%) at 16,479.

Tharoor maintains silence on visa remark controversy
After triggering a controversy by publicly questioning tightening of visa rules, Minister of State for External Affairs Shashi Tharoor today maintained a studied silence on the issue and evaded media persons who wanted him to comment on the uproar.

News of the day

Bhupesh Bhandari: Headhunters feel hunted
That the market for jobs has improved is fairly well known by now. What is perhaps not so well known is that the improvement has been good enough for headhunters (they like to call themselves executive search firms) to get back in business. Some of them say business has rebounded to the pre-crash levels of 2008. Most of them are hiring at senior levels — people who can get business. Korn/Ferry has restored salary cuts for all partners. EMA Partners is in the process of opening an office in Hong Kong.
Home Business

PNB to raise Rs 700 cr via bonds issue

Public sector lender Punjab National Bank (PNB) today said it will raise Rs 700 crore by issues of bonds. - Govt kicks off talks on bank consolidation - Bajaj Hind EGM on Dec 16 for raising Rs 2,000 cr - Kumar Urban Dev to raise Rs 450 cr through IPO - Norwest Venture Partners raises $1.2 bn for PE fund - Hindalco gets shareholders nod for raising Rs 2,900 cr - Robust show The bank would raise Rs 500 crore by issue of upper tier II bonds, PNB said in a filing to the Bombay Stock Exchange (BSE). Further, the bank would also raise a sum of Rs 200 crore through issue of tier I perpetual bonds, the filing said. The issue would open on November 24 and close on November 25, 2009. Shares of PNB closed at Rs 917.30 on BSE, up 1.97 per cent from its previous close.


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