Business

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.

The Narendra Modi-government seems to have got some reprieve from oil cartel Opec's agreement to marginally increase crude oil output, which is expected to push down prices in the coming weeks.

Government intervention through reforms in financing, better coal availability and streamlining power distribution could help in the resolution of stressed assets in the power sector.

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 domestic pharmaceutical industry is hopeful of a turnaround in the US market in the current financial year after coping with regulatory action and pricing pressures for over two years.

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.

• Please let me know the maximum amount one can deposit in a PPF account in a financial year?

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.