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Popular Articles

Govt to push Bill for setting up green body in current session
The government will try to pass the National Green Tribunal Bill, 2009, in the current Parliament session. The Bill aims at establishing an autonomous tribunal, independent of the Ministry of Environment and Forests (MoEF), for environmental clearance of development projects and providing relief and compensation to people affected by natural calamities.

UltraTech board okays Samruddhi Cement merger
Samruddhi Cement, a wholly-owned subsidiary of Grasim Industries, is all set to merge with UltraTech Cement – Grasim’s another subsidiary, on July 1, 2010. The merger, to be completed by September 2010, will result into world’s tenth-largest cement maker.

News of the day

Elite B-school students back in radar of finance cos
After a year long slump due to global meltdown, first year students of elite B-schools are back in the radar of companies in finance and banking sectors which are now hiring them for summer internship programmes.
International Business

Kiri Dyes to raise Rs 150 cr via securities issue

Kiri Dyes and Chemicals today said it will raise up to Rs 150 crore through issue of securities in the domestic and international markets for expanding its business operations. - Curb on debt securities norms - Right time to scrap tax on share trading: ICICI Sec - Sebi brings in new delisting norms">Sebi brings in new delisting norms - FIIs favouring India; will keep investing: ICICI Sec - SEC charges Countrywide founder Mozilo with securities fraud - Ketan Parekh still active in stock market In a filing to the Bombay Stock Exchange, the company said its board will consider and approve to raise up to Rs 150 crore via qualified institutional placement, preferential allotment and foreign currency convertible bonds . The amount would be utilised to part finance the expansion and diversification projects of the company. Shares of the company surged 11.30 per cent at Rs 227.10 in the afternoon trade on the BSE.


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