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RCom to raise Rs 6,300 cr for expansion
Will use funds to finance operations of group firms; to have a total war chest of Rs 10,500 crore.

Sensex breaks four-day winning streak
The Sensex today opened at 17,702 mirroring subdued global cues and slipped into the negative terrain within few minutes of trading. Selling in IT and auto shares dragged the markets further into red. The index touched a low of 17,566, down 177 points from the day"s high. The Sensex languished in the red for the rest of the trading session and finally ended at 17,616, down 85 points. The NSE Nifty ended at 5,263, down 19 points.

News of the day

NIC raises concern over privacy of UIDAI database
The National Informatics Centre has raised concerns over privacy and security of proposed database of Unique Identification Authority of India(UIDAI), headed by Infosys founder Nandan Nilekani.
Online Business

DLF Brands to launch DKNY brand in India

Fashion and lifestyle brand retailer DLF Brands will launch the DKNY brand in the Indian market this month. - Alok Retail in talks with PE firms to raise Rs 100 cr - FMCG cos new mantra for modern retail growth - UAE retail group eyes Indian expansion plan - Ebony Gautier to invest Rs 100 cr for expansion - Sales not impacted by swine flu so far: Aditya Birla Retail - IDBI Bank aims to enhance base in SME, retail sectors The company today signed an agreement with Christina Ong’s Club 21 Group, the international licensee for DKNY Jeans, to launch the product in India. The first two DKNY Jeans stores will be launched in New Delhi this month at DLF Place, Saket and the DLF Promenade, Vasant Kunj. Both the DKNY and DKNY Jeans brands are owned by Donna Karan International and are sold in India under license.


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