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Popular Articles

Record FII fund inflows not alarming: FM
The government today said record invesments in the equities market by foreign investors was not a matter of concern, but it would act if it finds any distortions.

The Best Beatle
The original drummer of the iconic ‘60s band, Pete Best performed in Delhi and spoke about his past, present and the future.

News of the day

Weak pillars
Last week’s tragic accident at the construction site of Delhi Metro Rail Corporation (DMRC) has raised questions about the role of its contractor, Gammon India, in the mishap. The movement in Gammon’s share price reflects the market’s concern, given that it has underperformed the broader markets since the accident. While the share price took a severe beating as it plunged nearly 20 per cent intra-day on last Monday (July 13) after the accident (which occured on July 12), it later recovered during the day. However, through the week, the stock was down 7.5 per cent as against the 9.2 per cent rise in the BSE Sensex and 5-8 per cent rise in the share price of other construction companies.
Corporate

Indian Overseas Bank to raise Rs 800 cr by issuing bonds

Public sector Indian Overseas Bank today said it will raise an amount totalling to Rs 800 crore by issue of bonds on private placement basis. - Indian Bank to increase branches in Kerala to 100 in 2009-10 - IDBI Bank may shelve variable pay plan - Jharkhand asks Centre to rein in PSUs from "reckless" mining - BoB to hire 3,500 people by March 2010 - SAIL chief wins SCOPE award - Kerala HC ratifies HMT land sale The bank will garner Rs 510 crore by issue of unsecured redeemable non-convertible subordinate (Upper Tier II) bonds (Series III), Indian Overseas Bank said in a filing to the Bombay Stock Exchange (BSE). The bank would further raise Rs 290 crore by issuing unsecured redeemable non-convertible subordinate bonds (Series XII), it added. Shares of Indian Overseas Bank today closed at Rs 82.45 on the BSE, up 0.43 per cent from the previous close.


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