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Popular Articles

Steady start for Smart Portfolios II
There were marginal changes in networth for the four fund managers in the first week of Smart Portfolios II. The managers have invested around 28-35 per cent of their individual starting corpus.

Re at 1-year high as RBI signals rate increase
The Reserve Bank of India’s (RBI’s) signal on raising interest rate to manage inflation pushed the rupee to a one-year high against the US dollar.

News of the day

Pak launched nuke programme after 1971 defeat: Congress report
Pakistan launched its nuclear weapons programme after its 1971 military defeat to India in order to "augment its inferior conventional forces," a Congressional report has said.
Corporate

JSW Energy gets SEBI nod for public issue

JSW Energy, a part of Jindal South West (JSW) group headed by Sajjan Jindal, has received SEBI (Securities & Exchange Board of India) nod for IPO (initial public offering). The company is looking to raise a minimum of Rs 2,600 crore by issuing 63.22 million equity shares. IPO proceeds will be used for repayment of debt and equity financing of power projects. It is planning six power projects aggregating to 2790 MW in Rajasthan, Maharashtra and Himachal Pradesh.


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