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Popular Articles

Open offers for Great Offshore conclude
Bharati Shipyard has received 10.2 million shares in the open offer made for acquiring an additional stake of 20 per cent in Great Offshore at Rs 590 a piece. The shares are equivalent to a stake of 27.5 per cent. Bharati had made the offer against ABG Shipyard’s counter offer to buy a stake of 33.8 per cent at Rs 520 a share.

Work on rail complexes at 66 stations to start soon: Mamata
Construction work on complexes to provide rail users with facilities like shopping and food courts at 66 railway stations will begin in a month, Railway Minister Mamata Banerjee said today.

News of the day

New GST date likely tomorrow
The government is likely to miss the April 1 deadline to introduce the Goods and Services Tax (GST), and a decision on a fresh date is expected tomorrow.
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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