TOP CORPORATE NEWS

Shriram Transport Fin to borrow up to Rs 3,000 cr via NCDs

Shriram Transport Finance Ltd plans to borrow up to Rs 3,000 crore through non-convertible debentures to support its financing activities. The company has filed a draft offer document for the public issue of 3 crore secured redeemable NCDs of face value of Rs 1,000 each.      

                                                                                                

Tata Steel to seek shareholders' nod for raising Rs 14k cr

Tata Steel will seek shareholders nod to raise up to Rs 14,000 crore through privately placed debt securities in domestic as well as global markets.

Reliance to invest Rs 1.8 lakh cr in 3 years

Reliance Industries will invest Rs 1.8 lakh crore across businesses in the next three years and launch the much-awaited 4G broadband services in 2015 as it looks to break-into top 50 companies of the world.

Voltas hits 3.5-year high

Shares of Voltas touched three-year-and-five-month high as Bank of America Merrill Lynch upgraded the stock to buy from underperform as it thinks the company is well placed to benefit from a cyclical recovery in the consumer durables and the construction sectors.