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Popular Articles

Temporarily disconnected?
The next time you call up Finance Minister Pranab Mukherjee’s Delhi mobile, you could well get to hear “services to this number have been temporarily disconnected”. A few days ago, while Mukherjee was holding a meeting with his top bureaucrats, he got a call from a Vodafone customer service executive who said that since the bill, of a fairly large amount, had not been paid, the company would have no option but to disconnect the phone in another day or so.

Future Group pulls the plug on 'Bijli Ghar'
Raghavendra Kamath / Mumbai January 8, 2010, 1:07 IST

News of the day

Inflation dips marginally but vegetable prices high
After a gap of almost two months, inflation dipped marginally to 0.7 per cent, but there was no respite for people as prices of items of common consumption, like potato and vegetables, continued to rule high.
Home Business

HCL Infosystems to raise Rs 847 cr via warrants issue, QIP

IT company HCL Infosystems today said it will raise funds to the tune of Rs 847 crore by private placement of shares with qualified buyers and issuing warrants. - On the way: Bundled netbooks - HCL appoints Rothin Bhattacharyya as CEO of security arm - HCL Infosystems up 2% despite slip in Q4 net - "We have a reasonably-sized acquisition team for the first time" - HCL Infosystems Q4 net dips 7%; declares 75% dividend - HCL Infosystems gains 6% on fund raising plans The shareholders of the company have decided to raise Rs 500 crore, with an option to garner an additional Rs 25 crore, if the issue is oversubscribed by private placement of shares with potential buyers, HCL Infosystems said in a filing to the Bombay Stock Exchange. Further, it will raise an amount of Rs 322 crore by issuing convertible warrants to certain promoters, the filing added. Shares of HCL Infosystems today closed at Rs 150.55 on the BSE, down 3.40 per cent from previous close.


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