TOP CORPORATE NEWS

·        IDBI Bank to raise Rs. 4,000 crore in FY15

IDBI Bank at its meeting held today, approved the proposal for mobilization in one or more tranches of Rs. 4000 crore.

·        Hindalco slips as a foreign brokerage retains underweight rating

Hindalco Industries fell 1.24% on reports that a foreign brokerage maintained its underweight rating on the stock.

                                                                                                        

·        Jain Irrigation up 5%

Jain Irrigation has been issued a letter of intent of project by Himachal Pradesh government involving an outlay of Rs 97.52 crore.

·        Bharti Airtel rises over 2%; FIIs can invest upto 74% in co

Shares of Bharti Airtel gained more than 2 percent after the Reserve Bank of India allowed foreign institutional investors (FIIs)/registered foreign portfolios investors (RFPIs) to invest up to 74 percent of the paid up capital of company under the portfolio investment scheme.