Archive for August, 2007

SBI plans to raise Rs 89,600Cr capital funds in 5 Yrs:Srcs

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Domestic Funds net buyers Rs.212 crs (P)

Gross buyers Rs.1262.79 crs
Gross sellers Rs.1050.39 crs
Net buyers Rs.212.40 crs

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HDFC raises $800 m thru real estate fund

Housing Development Finance Corporation said it has closed its first sponsored real estate fund, raising $800 million (Rs 3,280 crore).
The ‘HIREF International LLC’ fund was initially intended to raise $50 million, but HDFC eventually raised $800 million despite the current tight market situation, said an official with the company. HIREF International is now one of […]

Japan Consumer Prices Fall

Japan’s consumer prices declined for a sixth straight month in July, signaling the world’s second- largest economy has yet to overcome a decade of deflation. Industrial production and household spending dropped.

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Wadias may buy out Danone at discount

Danone chairman expected to meet Wadias on Sept 3. The Wadias of Bombay Dyeing are poised to buy the entire stake of partner Groupe Danone in biscuit maker Britannia at a discount. The contours of the deal are likely to be drawn up at a […]

Asian Stocks Rise on Metals Prices

Asian stocks rose, with a key regional index set to post its second straight weekly advance.

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Tatas to open 8 Croma stores in Pune

Infinity Retail Ltd, a wholly-owned subsidiary of Tata Sons Ltd, plans to open eight Croma large format consumer electronics retail stores in Pune as part of its plan to open over 100 such stores by 2010. Ajit Joshi, managing director and chief executive officer of Infinity Retail Ltd, said the […]

Irda clearance for IDBI-Fortis JV

The Insurance Regulatory and Development Authority (Irda) has accorded the first stage of clearance to IDBI-Fortis Life Insurance, a joint venture of Industrial Development Bank of India, Fortis Insurance International of the Netherlands and the Kerala-based Federal Bank. “The final clearance is in an advanced stage of consideration,” Irda chairman […]

Steel firms to hike rates

The domestic steel prices are set to rise in September, with a hike of Rs 500-1,000 a tonne in hot rolled coil (HRC) rates from the beginning of the month. This will be the first rise in prices in the financial year and after the drop in July by the […]

Asian Oilfield - Allotment of Warrants

Asian Oilfield Services Ltd has informed that a meeting of the Board of Directors of the Company will be held on September 10, 2007, inter alia, to consider the Issue and Allotment of Warrants on Preferential basis to the Strategic Investors and promoters.

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