Popular Articles

Future Group to bring financial service businesses under JV
Future Group, the company that promotes India’s largest publicly-traded retailer, Pantaloon, is planning a joint venture company by bringing together Future Money, its consumer finance business; Future Generali, its insurance business; and Centrum Direct, the foreign exchange service provider. The JV, under a single management, will provide its service through the stores of Pantaloon Retail.

Expressway to be built on GFCA recommendations, says UP govt
Following the directive of the Allahabad High Court, the Uttar Pradesh government today said the Ganga Expressway would be constructed according to the recommendations of the Ganga Flood Control Authority (GFCA).

News of the day

A crane in the neck
For several months, construction work for the Saket metro station has been going on just outside the block of flats we live in, and the sight of a giant crane hovering over the tops of neighbouring houses makes for a grand view, especially after dark. In every other respect our enclosed colony park is quiet as a village green, but here’s an enormous, brightly lit mechanical pulley moving back and forth in a portion of the sky. It makes us feel like characters in John Wyndham novels set in quiet British towns where nothing much was ever expected to happen.
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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