RIL raises $1 billion in loan
New Delhi, Aug. 26: Reliance Industries (RIL) has raised term loans worth $1 billion (about Rs 4,700 crore) from 31 banks, sources said. However, it could not be ascertained how the loan would be used. The banks involved in arranging the loan include Barclays Plc, Citigroup Inc, DBS Group Holdings and Standard Chartered Plc.
New York, Aug. 26: Dellís higher acquisition offer of $24.30 per share has been accepted by 3PAR, surpassing the counter bid from HP. The bid battle erupted after Dellís initial takeover bid of $18 per share was met with a higher offer of $24 apiece by HP.
Mumbai, Aug. 26: The US Export-Import Bank has sanctioned $917 million (Rs 4,300 crore) in loan guarantees towards the purchase of equipment for the Anil Ambani groupís power project in Sasan.
Mumbai, Aug. 26: Jet Airways has sought the governmentís permission to dilute up to a 20 per cent stake in the company, chairman Naresh Goyal said without specifying any time frame.
New Delhi, Aug. 26: Food inflation fell for the second straight week in mid-August to 10.05 per cent as vegetables turned cheaper but analysts said price volatility would continue till October.