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Asian shares were on the back foot early on Wednesday, taking their cue from Wall Street as the deepening crisis in Iraq and a report that the U.S. could be loosening restrictions on crude exports triggered a rally in oil prices.
Anil Ambani owned owned Reliance Communication (RCom) plans to raise Rs 4,300 crore by way of a qualified institutional placement (QIP) of shares and a preferential offer to promoters. The telco will use the proceeds to repay debt.
Property giant DLF, which missed its debt reduction target in 2013-14, decides to sell more properties and land parcels it considers non-core. As a result, the company is selling its upcoming information technology park in Hinjewadi located in Pune and is aiming to obtain Rs 300 crore from the sale, reports suggest
Engineers India Ltd (EIL) was on Tuesday conferred the coveted ‘Navratna’ status, which would give the state-owned firm more financial and operational autonomy.
HDFC Bank seeks shareholder approval in order to raise Rs 10,000 crore in the AGM meet to be held later during the day.
NBFC are likely to remain in focus after the Reserve Bank of India on Tuesday permitted banks to engage non-deposit taking non-banking finance companies (NBFC-ND) as Business Correspondents (BCs). This measure will the flow of credit to those at the bottom of the pyramid
