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Popular Articles

Glenmark plans to raise Rs 300-350 cr through QIP
Drug firm Glenmark Pharmaceuticals is planning to raise around Rs 300-350 crore through issue of shares to qualified institutional buyers on a private placement basis.

Sebi allows 16 banks to accept ASBAs
The market watchdog Securities and Exchange Board of India (Sebi) today allowed the State Bank, ICICI Bank and 14 other banks to accept ASBAs (application supported blocked amount) to enable better participation by corporate investors and high networth individuals (HNIs) in initial public offers (IPOs) or rights issues.

News of the day

CCEA clears NMDC stake sale: Virbhadra Singh
Steel Minister Virbhadra Singh today said that the government has given the nod for divesting an additional 8.38 per cent stake in iron ore producer NMDC, a move which may fetch the exchequer over Rs 13,500 crore.
Corporate

Power Finance Corp up 3%

The stock gained 3.2 per cent to Rs 253.80 after the company announced that it entered a joint venture agreement with NTPC, Power Grid Corporation of India and Rural Electrification Corporation for formation of a public limited company. - Pratibha Industries bags Rs 59 cr worth NTPC order - Shinde asks power cos to start work on coal blocks in two yrs - MP drops demand of land from BHEL - Govt formally issues EGoM decision taken last month on KG-D6 allocation - TN seeks 75% power from upcoming projects - NTPC working on coal mines allotted by govt The aforesaid agreement has been signed for incorporating a joint venture company with equal equity contribution (25 per cent each) from all the four PSUs. The joint venture company will carry out the business of energy efficiency, energy conservation and climate change.


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