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Godrej Industries signs MoU with group companies
Godrej Industries, leading chemicals manufacturer and exporter of chemicals products, has entered into a memorandum of understanding (MoU) with Godrej & Boyce Mfg Co and Godrej Properties for development of the property at Vikhroli.

Usage of IPO proceeds not monitored by Sebi: Govt
The government today said market regulator Sebi does not monitor usage of proceeds of any initial public offers (IPOs) and it is not contemplating any change in the current regulatory framework.

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4,000 farmers protest against land acquisition in Sanand
Around 4000 people, mostly farmers, today took out a rally against land acquisition by Gujarat Industrial Development Corporation (GIDC) in villages near Sanand.
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Piramal Healthcare okays Rs 1K cr fund raising

Drug maker Piramal Healthcare today said its board has approved the raising of funds up to Rs 1,000 crore through the issue of securities. - Sunny re-rating of pharma companies - Pharma world discovers Bharat - GlobalLogic to get listed in 18 months - Citi overtakes Morgan Stanley to top in domestic fund raising - Pantalooon Retail raises Rs 500 cr via QIBs - Adhunik Metaliks raises Rs 137 cr via QIB issue The board, at its meeting held today, has given approval "for raising funds up to an amount of Rs 1,000 crore through an issue of equity or equity-linked securities," Piramal Healthcare said in a filing to the Bombay Stock Exchange. The committee of directors (of board) has been empowered to take a final decision on the pricing, mode and manner of raising such funds, it said. Shares of Piramal Healthcare were trading at Rs 400.10 on the BSE, down 3.47 per cent from its previous close.


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