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T N Ninan: An I for an I
- T N Ninan: Failing capitalism">T N Ninan: Failing capitalism - T N Ninan: Pointing fingers">T N Ninan: Pointing fingers - T N Ninan: VIPs & development">T N Ninan: VIPs & development - T N Ninan: Auction mining rights">T N Ninan: Auction mining rights - A roof over one"s head - Government drafts green SEZ policy

D-Street stares at high volatility
With no new trigger expected on the domestic front, Dalal Street is likely to remain choppy, as investors will continue to offload stocks at higher levels, say analysts.

News of the day

DoT relents; to seek Trai views on uniform licence fee
After initial resistance, the Department of Telecom (DoT) has relented and would now seek telecom regulator Telecom Regulatory Authority of India"s (Trai) recommendations on a proposal to bring in a uniform licence fee.
Home Business

HCL Infosystems to raise Rs 847 cr via warrants issue, QIP

IT company HCL Infosystems today said it will raise funds to the tune of Rs 847 crore by private placement of shares with qualified buyers and issuing warrants. - On the way: Bundled netbooks - HCL appoints Rothin Bhattacharyya as CEO of security arm - HCL Infosystems up 2% despite slip in Q4 net - "We have a reasonably-sized acquisition team for the first time" - HCL Infosystems Q4 net dips 7%; declares 75% dividend - HCL Infosystems gains 6% on fund raising plans The shareholders of the company have decided to raise Rs 500 crore, with an option to garner an additional Rs 25 crore, if the issue is oversubscribed by private placement of shares with potential buyers, HCL Infosystems said in a filing to the Bombay Stock Exchange. Further, it will raise an amount of Rs 322 crore by issuing convertible warrants to certain promoters, the filing added. Shares of HCL Infosystems today closed at Rs 150.55 on the BSE, down 3.40 per cent from previous close.


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