Bharti Retail Plans to borrow up to 2k cr
MUMBAI: A year after parting ways with Walmart, billionaire Sunil Mittal’s Bharti Retail plans to borrow up to 2,000 crore to accelerate store openings and spruce up operations. The company board has already passed the fund-borrowing resolution, according to Bharti Retail’s recent... read more »
More Steps to Rationalise Subsidies on Anvil: Arun Jaitley
New Delhi: Assuring India Inc of NDA’s commitment to carry forward economic reforms, Finance Minister Arun Jaitley today said the government will come out with more steps to rationalise subsidies. “I had a series of meeting with the Expenditure Management Commission. They are... read more »
Aurobindo Pharma completes $132.5-million Natrol acquisition
NEW DELHI: Drug firm Aurobindo PharmaBSE -0.68 % has completed the acquisition of assets of nutritional supplement maker Natrol Inc and its other affiliate entities for $ 132.5 million (over Rs 810 crore). Aurobindo Pharma acquired “manufacturing assets, personnel, commercial infrastructure... read more »
RBI injects Rs 38.46 bn in banking system via repos
The Reserve Bank of India (RBI) has injected Rs 38.46 billion in the banking system via 1-day repo on Dec. 3, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 13 bids for 1-day repo, were accepted. These repos are traded at a fixed rate of 8%. RBI... read more »
