Tata Steel is seeking the approval of shareholders to raise Rs 12,000 crore by issuing non-convertible debentures on a private placement basis to support organic growth and acquisition and improve the capital structure of the company.
Dr Reddy's Laboratories Limited has lost a legal battle with Eli Lilly and Company in a patent litigation on Alimta (pemetrexed for injection), a drug used for the treatment of various types of cancer, in the US.
The Asian Infrastructure Investment Bank (AIIB) board on Sunday cleared a $200-million investment into the National Infrastructure Investment Fund that will help funnel up to $2.4 billion into the infrastructure sector later.
Generally, investments in equities are made with an aim to generate wealth over the long term. In the light of the bull run on the bourses over the last two years, many retail investors have started considering equities as an asset class to reckon with. However, the mode of participation in the equity markets is very important - either buying stocks directly from the exchanges or investing through mutual funds. For a novice, mutual funds are a more prudent approach to the capital market.
State-run Air India will revamp its business and first class cabins on international flights to try to boost revenues by wooing more high-paying passengers, a top company official has said, days after a plan to privatise the ailing airline was called off.
Infosys non-executive chairman Nandan Nilekani on Saturday said the company had taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous.