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Popular Articles

Surinder Sud: Flower power
A new body seeks to integrate scattered R&D to meet the needs of a growing export and domestic market.

Three financial giants interested to buy UTI AMC's 26% stake
Three overseas financial giants have evinced interests to pick up 26 per cent stake in UTI AMC, where four stakeholders, including LIC and SBI have 25 per cent stake each.

News of the day

Small car maker, but big energy saver
Vinay Varshney, as he predicts the end of CFL lamps in a few years, points to the ceiling of the conference room at Maruti Suzuki’s factory in Gurgaon. It is then that we notice that the two holders, right above the two ends of the long table, have slots for three lamps, but only two are glowing.
Home Business

Gati to raise Rs 78.91cr via warrants issue

Courier service provider Gati today said it will raise Rs 78.91 crore by issue of warrants to different promoters and the Infrastructure Fund of India LLC. The company board has approved to allot a total of 1,16,73,818 warrants aggregating to Rs 78.91 crore, Gati said in a filing to the Bombay Stock Exchange. The proposals are subjected to shareholders approval, it added. Shares of Gati today closed at Rs 60.50 on the BSE, up 2.72 per cent from previous close.


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