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Govt promises to bring Dubai World out of crisis
The Dubai government today said it fully expected the fallout from its massive debt problem and promised to pump in all necessary resources to ensure long-term success of Dubai World.

There is certain amount of assertiveness by China: PM
Against the backdrop of some provocative steps by China, Prime Minister Manmohan Singh has said there was "certain amount of assertiveness" by China lately, which had to be taken note of.

News of the day

Cost of funds, fee income to drive bank profits in Q2
With bond yields hardening, bankers say they will not be able to look to their trading rooms for high profits.
Corporate

Ispat Ind boad okays share sale worth Rs 500 cr

Ispat Industries today said its board has approved its plans to raise Rs 500 crore by selling shares to investors. - Ispat Ind"s net loss widens to Rs 79 cr - Jai Balaji raises Rs 198.5cr via QIP - Inflation, interest rate hike main concerns of Indian investors - Mutual funds see outflow of Rs 1.44 lakh cr - Samvat 2065: Investors get richer by Rs 30 lakh cr - Move your money, manage it better The company is mulling different options such as depository receipts, convertible bonds and warrants carring right to subscribe to equity shares and convertible into equity shares in the company , including share sale sale to qualified institutional buyers on a preferential basis. The company"s board has decided to convene an extra-ordinary general meeting of the shareholders on November 21 to consider the proposed issue of shares, it said.


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