The Telegraph
Friday , January 25 , 2013
Since 1st March, 1999
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Business Briefs

HDIL assures investors

Mumbai, Jan. 24: Realty player HDIL, whose stock has plummeted nearly 38 per cent in the past four days wiping out nearly Rs 2,000 crore in marker value, today said it was not facing any financial trouble and it could comfortably service its debt. “We have earlier also told the investors that we are very comfortable in our debt repayment schedule and it is according to our schedule,” HDIL vice-president for finance Hari Prakash Pandey said.

Sesa Goa

New Delhi, Jan. 24: Sesa Goa has reported a 28 per cent decline in consolidated net profit at Rs 496.73 crore for the third quarter as several issues, including a mining ban in Goa, affected the firm’s performance. Sesa Goa managed to remain profitable largely because of a Rs 668.98-crore profit from its associate firm Cairn India.


New Delhi, Jan. 24: Salaried employees in the organised sector will have to provide their Aadhaar numbers for seeking benefits under the EPF scheme being operated by retirement fund body Employees’ Provident Fund Organisation (EPFO).

RBI-FM meet

New Delhi, Jan. 24: RBI governor D. Subbarao, who will announce the quarterly monetary policy on January 29, today discussed the prevailing macro-economic situation with finance minister P. Chidambaram.

Tata bonds

Mumbai, Jan. 24: Tata Communications today became the first domestic un-rated company to tap overseas financial markets by selling bonds of Singapore $250 million at a coupon of 4.25 per cent, getting an over-subscription of 14 times the offer.