JSW Steel funds
New Delhi, Dec. 2: Private steel maker JSW Steel plans to raise $600 million through overseas borrowings by March next year to prepay part of its rupee loan. “We are planning to prepay Rs 3,500-crore rupee loans by raising $600 million subject to the approval of the RBI. Hopefully, by the end of the fiscal, we will be going for raising funds,” JSW Steel’s joint managing director and CFO Seshagiri Rao said.
Mumbai, Dec. 2: Investments by foreign institutional investors (FIIs) in the Indian stock market have crossed Rs 1 lakh crore so far in 2012, marking a huge turnaround from net outflows reported in 2011.
New Delhi, Dec. 2: India is likely to emerge as the second most competitive economy in the world after China in terms of manufacturing competitiveness in the next five years, according to a report by Deloitte Touche Tohmatsu and the US Council on Competitiveness.
New Delhi, Dec. 2: Capital market regulator Sebi is looking at overseas regulations to tighten disclosure norms for listed firms and other market entities in India to prevent insider trading.
Mumbai, Dec. 2: The pharma sector continued its strong performance on the back of a jump in revenue from the domestic market and product launches. The domestic market’s contribution to revenues rose to 32 per cent in the second quarter of 2012-13 from 30 per cent in the previous quarter.