Business

ICICI plans to raise a record USD 5 billion by its follow-on public offer.

The markets closed on an impressive note after spending most of the day near the flat line.

Coimbatore-based Paramount Airlines has offered to buy a 26 per cent stake in low-cost airline SpiceJet.

GR Gopinath, MD, Deccan Aviation said the airline will not dilute the low-cost model and will continue to compete in that space.

Finance Minister P Chidambaram says reduction of demand in real estate, housing is needed.

UB Group chief, who has 26 percent stake in airline, says it has to make money.

Central Information Commission has brought the stock exchanges under the purview of Right to Information Act.

People from areas such as telecom, finance and IT are likely to migrate to the retail sector.

There could be selling pressure at higher levels and therefore any global reaction can lead to a fall in markets.

The markets opened on a very strong note taking cues from the Asian peers.

The wide-based National Stock Exchange index, Nifty, scaled a new peak of 4,295.60 points on sustained buying.

Tamil Nadu Chief Minister Karunanidhi gave a final “go ahead” to the Rs 2000 crore plan of setting up 2 new world-class airports.

Sensex closed up 35.12 points or 0.24 per cent at 14453.72, and the Nifty up 17.20 points or 0.40 per cent at 4278.1.

Kumar Mangalam Birla announces that the retail stores will be rolled out in hyper market and super market formats.

Around 45 per cent of the total unlisted companies have reported stronger profits in FY07 over FY06.

State Bank of India also plans to enter into the areas of private equity, infrastructure fund and venture capital.