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Shoppers Stop to raise Rs 250 cr
Retail chain major Shoppers Stop today said it plans to raise Rs 250 crore to increase stake in its hypermarket chain, Hypercity to 51 per cent, a top company official said today.

ONGC to raise $1 bn to service Imperial loan
Oil & Natural Gas Corporation (ONGC), India’s biggest energy explorer, plans to raise $1 billion (Rs 4,669 crore) in a month to refinance debt its unit incurred in the purchase of UK-based Imperial Energy Plc amid low interest rates.

News of the day

India can learn lessons from China, says Ramesh
Environment Minister Jairam Ramesh commended the commitments made by Chinese President Hu Jinato during the high-level Climate Change Summit here and said India can learn lessons from China to help save the planet.
International Business

Equally expensive

Though the Congress party had allocated Saifuddin Soz a seven-seater helicopter for campaigning in far-flung areas of Jammu & Kashmir, he chose to use road transport. It was only when someone pointed out that the idle chopper was also costing his party a lot that Soz decided to use it to go to Ladakh.


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