The company has said the funds raised will be used to invest in product development and expansion of its fast-growing mobile business.
For the fortnight ended September 5, annual credit growth in the banking system fell to 9.68 per cent, data released by the Reserve Bank of India showed.
IndiGo Airlines signs $2.6-billion leasing and financing MoU with Industrial and Commercial Bank of China.
Second authentication for small value payments through credit cards can be reduced subject to conditions.
Aim of the project is to boost manufacturing on a sustainable basis and through it, overall economic growth.
During the mission, Brand USA announced the launch of the 'USA Discovery Program' for the Indian travel trade.
Virtual incubation platform StartupWave has been adopted by close to 190 entrepreneurs.
The proposal is divided into multiple phases and for the first phase the Union Ministry of Tourism sanctioned Rs 5 cr.
Manufacture will soon be stopped at Bangalore and Tumkur in Karnataka and Ranibagh in Uttarakhand.
Sun Pharma stated the company wanted shareholders' approval to "issue, offer and allot equity shares or non-convertible securities, other than warrants, up to an amount of Rs 12,000 crore ($2 billion), to qualified institutional buyers pursuant to a QIP."
Offloading shares in ONGC, CIL, NHPC may fetch govt more than the year's target.
This is the first time ICICI Bank has gone for a share split.
RBI rule, applicable prospectively, also for non-group guarantors.
Media tycoon Kalanithi Maran and his wife Kavery Kalanithi have retained the top two slots among the highly paid executives in the country.
The ministry sought to allay the rating agency's concerns and said economic growth was on an upward swing.
But reiterates that licences of 46 blocks in operation should be retained.
On Friday, the euro weakened to a near 14-month-low against the dollar, after the European Central Bank announced a fresh round of stimulus and promised more if required.
Gowda has also failed to offer clarity on reforming the Railway Board.
The Confederation of Indian Industry has pegged the requirement for investment at Rs 280 lakh crore ($4.7 trillion) for five years beginning 2014-15 to make the economy grow by seven per cent a year on an average.
The Supreme Court order on what to do with the coal blocks allotted to power companies between 1993 and 2013, which it has already termed illegal, is likely on Tuesday.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances