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DIPP proposes further relaxation of FDI for realty
The Department of Industrial Promotion and Policy (DIPP) under the Ministry of Commerce and Industry has proposed further relaxation of the foreign direct investment (FDI) norms for the real estate sector.

CIL price hike likely to push power rates up
May squeeze cement companies’ margins, but the steel sector is unlikely to be affected much.

News of the day

Bajaj Auto records 52% sales growth
Pune-based Bajaj Auto, India"s second biggest two wheeler manufacturer today stated that the company has recorded a growth of 52 per cent in sales of motorcycles at 249,681 units in October as against 163,850 units recorded in the same month a year ago.
Corporate

Bajaj Hindusthan raises Rs 723 cr via share sale

The country"s largest private sugar producer, Bajaj Hindusthan, today said it has raised Rs 723.18 crore through the issue of shares. - Max India raises Rs 150 cr via allotment of shares - Mills resume raw sugar purchase - Bajaj Hind up on FCCB move - Bajaj Hindusthan to raise Rs 75.6 cr via warrants issue - FCCB issuers outshine market - Centre issues show-cause notices to 291 sugar mills The company has allotted 3.54 crore shares at a price of Rs 204, aggregating to Rs 723.18 crore, Bajaj Hindustan said in a filing to the Bombay Stock Exchange. Consequent to the allotment of the stocks, the paid-up equity share capital of the company increased to Rs 17.68 crore from Rs 14.14 crore, it added. Earlier, Bajaj Hindusthan had said that its shareholders have approved the proposal to raise up to Rs 1,500 crore by securities, including the Qualified Institutional Placement route. Shares of Bajaj Hindusthan closed at Rs 203.05, down 0.59 per cent on the BSE.


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