Popular Articles

'We should be able to clock 20% growth in India'
K Rajani Kanth / September 18, 2009, 0:18 IST

PM for simpler tax regime for processed food sector
Prime Minister Manmohan Singh today regretted that the food processing sector was subject to "multiple levies" and said there is an urgent need to rationalise tax structure to replicate the success of the IT industry globally.

News of the day

Hindalco to raise Rs 2,900 crore in QIP
Hindalco Industries, India’s largest aluminium maker, plans to sell shares to institutional investors at Rs 130.90 each to raise Rs 2,900 crore this week. The board of directors met here today to fulfill the formalities before the issue is opened.
International Business

ICICI Bank raises $750 m from 5-yr bonds

ICICI Bank today said it has raised $750-million (around Rs 3,465 crore) by issuing five-year bonds at its Bahrain branch. - Tata Steel completes $546-mn exchange offer for CARS - ICICI, HUL among world"s best companies for leaders - Markets have a sedate start - ICICI takes up staff retraining to brush up image - ICICI to raise funds for overseas business - Risk management minimises downside The issue, which had an order book of over $3-billion, was participated by over 250 investors, the country"s second largest lender said in a press release here. "The 5.33-year fixed rate notes carry a coupon of 5.5 per cent, which translates to 292.6 basis points spread over equivalent Libor," the bank said. Last month, the country"s largest lender State Bank of India raised $750-million through the issue of five-year bonds abroad.


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