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Welspun Gujarat raises $250 mn via QIP, FCCB issue
Pipe manufacturer Welspun Gujarat Stahl Rohren today said it has raised $250 million (over Rs 1,100 crore) by way of institutional placement of shares and bonds issue.

Hindalco net slips on debt
Loans taken for acquiring Novelis caused a dip in the net profit of the Aditya Birla Group’s Hindalco Industries. The profit dipped 21.65 per cent to Rs 427 crore for the third quarter ended December 31, from Rs 545 crore in the corresponding quarter of the previous year.

News of the day

Forex reserves up at $286.376 billion
India"s foreign exchange reserves rose by $0.962 million to $286.376 billion for the week ended November 13 from $285.414 billion in the previous week, the Reserve Bank of India (RBI) said today.
Public Company

BJP MLAs meet on Jharkhand govt formation

Newly elected BJP MLAs met today to decide on supporting JMM chief Shibu Soren as the new Chief Minister. JMM Vice-President Hemlal Murmu yesterday claimed that the BJP and AJSU have agreed to support Soren.


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