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Popular Articles

Time not ripe for mergers: Chakrabarty
A week after the government met select public sector bank chiefs to discuss consolidation, Reserve Bank of India Deputy Governor KC Chakrabarty reiterated again that the time was not ripe for such a move.

Bharti acquires 70% stake in Warid Telecom
Telecom major, Bharti Airtel, has announced that it has agreed to acquire 70% stake in Bangladesh-based, Warid Telecom. Bharti plans to make $300 million fresh investment in the company, thus taking the overall investment to $1 billion. The new funding will be for capacity expansion, coverage and innovative products.

News of the day

HCL Infosystems Q2 net down 11% to Rs 59 cr
IT firm HCL Infosystems today reported a consolidated net profit of Rs 58.97 crore for the second quarter ended September 2009, a 10.77 per cent drop over the same period a year ago.
Public Company

Lupin to borrow up to Rs 500cr; appoints Deloitte as auditor

Pharma firm Lupin today said it will borrow up to Rs 500 crore from corporate bodies and various financial institutions. In a filing to the Bombay Stock Exchange Lupin said its shareholders have approved the company to borrow up to Rs 500 crore in the form of term-loans or debentures from various financial institutions and corporate bodies.


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