ITC increases stake in Hotel Leelaventure

Diversified business group ITC has scaled up its holding in Hotel Leelaventure Limited, yet again, by acquiring more than one per cent through its wholly owned subsidiary, Russell Credit.During the......

Cos raised Rs 2,375 crore in FY'12; lowest in 8 years

Indian companies raised Rs 2,375 crore(Rs 23.75 billion) through rights issue in 2011-12 -- lowest in eight years -- because of dismal market conditions, says Prime Database.The report said it was......

Oberoi-led EIH board appoints Nita Ambani director

After bringing in Mukesh Ambani's Reliance Industries Ltd as a white knight last year to thwart any possibility of takeover by ITC, the P R S Oberoi-led EIH Ltd appointed his wife, Nita Ambani, as......

ITC digs in its heels, will subscribe to EIH issue

ITC, which has a 14.98 per cent stake in EIH Ltd -- the company that runs the Oberoi chain of hotels -- is planning to subscribe to the upcoming EIH rights issue. This ends speculation that it......