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The operator of the Oberoi and Trident hotels is looking to raise Rs 1,300 crore from the issue of shares on rights basis, the utilisation of which is still uncertain.

ONGC chief R. S. Sharma says the firm had 'consciously decided' not to put a bid against Vendanta Resources for the Cairn India- operated Rajasthan oilfields.
Elder Pharma in an earlier filing to BSE had said its QIP issue was to open with the floor price at Rs 414 per share, setting the price band between Rs 415 and Rs 419.
The UK-based company is seeking its shareholders' nod for the sale of an up to 51 per cent stake in Cairn India to Vedanta Resources.
In line with the broader market, shares of the company surged nearly one per cent to touch an intra-day high of Rs 1,415, fuelling its market capitalisation.
ADAG firms Reliance Power and Reliance Natural Resources have their shareholders' approval for a merger between the two entities

Market regulator SEBI is likely to question Satyam founder B Ramalinga Raju, who is out on bail in the multi-crore rupee accounting fraud case, for a second time.

With the shadow of Citi's global woes looming large, the uncertainty was taking its toll at the top. Is the best over with the worst for Citi in India?
The shareholders of the drug major have given their approval for re-appointment of Habil Khorakiwala as the chairman of the company for another five years.
The software services firm said it has raised its revenue guidance for the quarter ended December 31, on the back of improving order pipeline.
The agency has challenged the high court's decision, contending that Raju may influence the witnesses, a majority of whom are his former employees.
The Mukesh Ambani-led company is looking at a 25 per cent increase in the price of natural gas produced from its Krishna-Godavari fields.
Parliamentary Standing Committee on Finance talks of an overall outer ceiling on managerial remuneration.
Ratan Tata says that he opted out of the selection committee to avoid giving the impression that he is influencing the succession plan.