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Popular Articles

Atul Chaturvedi takes over as Steel Secretary
Atul Chaturvedi has taken over as the Secretary in the Ministry of Steel.

CBI preparing Letters Rogatory in Satyam case
The Central Bureau of Investigation (CBI), probing the Satyam Computer Services fraud case, is currently in the process of preparing Letters Rogatory, which would be vetted by the Ministry of External Affairs before being presented in the court.

News of the day

Sensex makes remarkable recovery, regains 17K
The Sensex opened in the red at 16,772, mirroring negative global cues. Follow-up selling saw the index slip to a low of 16,636 - down 150 points from the previous close.
Business Opportunities

Bombay Rayon Fashions to raise funds via GDR

Bombay Rayon Fashions is planning to raise funds through a GDR issue. In a communication to the exchanges, the company said that its board has approved issue of upto 1,90,00,000 Global Depository Receipts (GDRs) representing equivalent underlying equity shares at a par value of Rs 10 at an issue price of $ 5.11 per GDR. The GDR will be open for subscription to persons resident outside India, on November 11, 2009. Bombay Rayon Fashions rose 3.08 per cent from its previous close and was trading at Rs 194.30 at 12.36 hrs.


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