Markets end lower on growth concerns

Markets ended 1% down on Thursday as disappointing third quarter GDP growth, the slowest pace in nearly three years, weighed on investor sentiment. The losses were led by financial and index......

Vodafone to raise Rs 2,000 cr overseas

Vodafone-Essar, the leading GSM operator is raising around $500 million (Rs 2,000 crore) through overseas borrowing. This is the first fund raising by the telecom major after British telecom major......

Essar to monetise 33% stake in telecom JV

The Essar Group is raising $3.59 billion (Rs 14,360 crore) against its 33 per cent stake in Vodafone-Essar, the country's fourth-largest mobile operator. The loan, which will be the largest......

Essar plans to raise $3.59 bn to fund expansion

Essar Communications said it has mandated four international banks to raise a syndicated loan of $3.59 billion to refinance existing debt and fund further investment and expansion plans of the......

German soccer bomb suspect wanted to profit on stocks: prosecutor

'If the shares of Borussia Dortmund had fallen massively, the profit would have been several times the initial investment' IMAGE: Players of Borussia Dortmund applaud fans after their Champions......

Man Utd gets new approach from Glazer

Manchester United has received a new bid approach from Malcolm Glazer, boosting its shares, but the world's richest soccer club said on Monday it would only talk to the US financier if he made a......