Tata Motors plans to raise $1 Bn to finance J-LR deal
Mumbai: In order to finance its imminent acquisition of Jaguar and Land Rover from Ford Motor, auto major Tata Motors plans to raise nearly one bil...
Monday, 30 November -1, 05:30 IST
Soc-Gen raises $8.44 Bn to plug loss
Paris: Seeking to restore its status as a top-tier bank after a massive trading scandal, Societe Generale SA (Soc-Gen) bank has raised $8.44 billio...
Monday, 30 November -1, 05:30 IST
REC enters market with 19.05 percent IPO premium
Mumbai: Equity shares of public sector enterprise Rural Electrification (REC) were listed at the Bombay Stock Exchange at a premium of 19.05 percen...
Monday, 30 November -1, 05:30 IST
NoblePeak Vision raises $12 Mn in series B Financing
Wakefield: Dr. Clifford A. King cofounded NoblePeak Vision, whose technology is transforming the night vision market, announced that it has raised...
Monday, 30 November -1, 05:30 IST
India fund assets to reach $440 Bn by 2012: McKinsey
Mumbai: McKinsey in its recent survey noted, with mutual funds and portfolio management services as key drivers, the total assets under management (AUM) in India is projected to ramp up by 33 percent every year to reach as much as $440 billion by 2012. Besides, the overall economic growth will attract participation from the international inve...
JSW Steel, Siscol fix merger ratio at 1:22
Mumbai: Steel major JSW Steel Monday said it would issue one share for every 22 held in Southern Iron and Steel Company (Siscol) for merger of the two companies. The company said in a communiqu?o the Bombay Stock Exchange that as per the scheme of amalgamation, the equity shareholders of Siscol would be issued one share in the merged entity f...
Shriram City Finance targets $250 Mn car loan portfolio
Chennai: Non-banking finance company Shriram City Union Finance is targeting to increase its car loan portfolio to $250 million (Rs.10 billion) in ...
China Railway IPO set to buck trend
Hong Kong: According to some sources, the Hong Kong retail portion of China Railway Construction's initial public offering was at least 250 times o...
Britain's Thomas Cook to buy controlling stake in Indian arm
Mumbai: In a significant development in the travel industry, the Thomas Cook Group Plc of Britain is set to acquire controlling stake in Thomas Coo...
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