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Popular Articles

Idea expands in North East
Idea Cellular, the pan-India GSM mobile operator expanded its presence in the North East by launching its 2.75G EDGE enabled GSM network in Meghalaya. The launch in Meghalaya comes close on the heels of IDEA’s recent launch in Assam.

Too early to exit economic stimulus: FM
Finance Minister Pranab Mukherjee today said it is premature to "exit" the fiscal stimulus as the global economy is not showing robust recovery, but was optimistic about economic growth.

News of the day

JLR recalls 40 Land Rovers in India
Tata group-owned Jaguar Land Rover on Thursday said it is recalling 40 Land Rover vehicles from India to fix a technical fault as part of an ongoing global process that started in July. The company is globally recalling all the vehicles of two diesel models — Discovery 3 and Range Rover Sport TDV6 — which were manufactured between November 2005 and April 2007.
International Business

Dish TV to raise $200 mn via securities issue

Direct-To-Home company Dish TV today said it will raise up to $200 million (about Rs 1,000 crore) through issue of securities in the domestic and international market. - Bulls fight back, Sensex gains 250pts - HCL Infosystems gains 6% on fund raising plans - Castrol India surges over 5% - Sensex strong, up 240pts - Sensex pares gains, up 230pts - Sensex near 52-week high; autos outperform while metals lag The shareholders at the Annual General Meeting have approved the allotment of securities including issue of Foreign Currency Convertible Bonds (FCCBs), Global Depository Receipts (GDRs) and also private placement of shares to institutional investors for raising an aggregate amount of $200 million. Further the shareholders have increased the borrowing limit of the company to Rs 3,000 crore at any point of time. On May 2008, the company"s borrowing limit was at Rs 2,000 crore. Shares of Dish TV were trading at Rs 4.25, up 0.93 per cent in the late afternoon trade on the BSE.


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