Between April 1 and December 10, 2015, 3,141 villages have been electrified, while work is on in 1,691 others. \"We are trying to make the entire process both transparent and dynamic,\" says Rajeev Sharma, Chairman and Managing Director, Rural Electrification Corporation. 

REC plans to raise funds through Public Issue of Tax Free Secured Redeemable Non Convertible Bonds with Face Value of Rs 1,000 each for an amount of Rs 300 crore with an option to retain oversubscription of up to Rs 400 crore aggregating up to 700 crore in this tranche, the company said in a press release.

The sheer size of the Chinese economy, which has shot well past the $10 trillion mark, dwarfs the Indian economy which is still hovering around the $2 trillion level.

\"We have already raised Rs 3,000 crore through a bond issue in May. We will again hit the domestic bond market for raising another Rs 3,000 crore soon,\" Power Grid Director (Finance) R T Agarwal said after the announcement of the company's financial results in Mumbai on Tuesday.

Board of OVL, the overseas arm of state explorer Oil and Natural Gas Corp, currently has powers to decide on investment of up to Rs 300 crore.

Shares of Emami were trading at Rs 1,068 at 3 pm - down 5.64 per cent against the previous close of Rs 1,131.80.

Cheering the news, shares of the Neyveli Lignite were at 2:30 pm trading 13.92 per cent higher at Rs 83.50 against its previous close.

The share price of Sun Pharma tanked 9 per cent to Rs 878.95 after the announcement of lower-than-expected fourth quarter result.

The government has 80 per cent stake in the company and post stake dilution, which is likely next month through offer for sale (OFS) route, it would come down to 70 per cent.

There are 70 sick PSUs and 43 out of these can be revived, the Heavy Industries and Public Enterprises Minister Anant Geete said in SIAM conference in New Delhi.

ICVL, a joint venture of Steel Authority of India, Coal India, Rashtriya Ispat Nigam, NTPC and NMDC, was created to ensure long-term security of supply of the critical raw material for the steel industry.

The oil and gas sector is in the news again. The reason is the turmoil in Iraq, which is facing attack by a rebel group, the Islamic State in Iraq and the Levant.

Money Today brings you investing lessons from the world's greatest value investors such as Warren Buffett, Benjamin Graham and David Dreman and 10 stocks that pass the tough quality tests prescribed by investing legend John Neff.

\"The Navratna status has been granted to the company subsequent to the fulfilment of the criteria prescribed by Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government of India,\" EIL said in a statement in New Delhi.

Having been given the 'Miniratna' status by government of India, Rashtriya Chemicals and Fertilizers is now working to get the Navaratna tag. During 2012-13, the company had a turnover of Rs 6,987 crore with a profit of Rs 281 crore.

Birla Sun Life Mutual Fund has launched a new fund 'Birla Sun Life Focused Equity Fund- series 2', which is a closed ended equity scheme investing in eligible securities as per Rajiv Gandhi Equity Savings Scheme, a company release said.

The government will sell a 5 per cent stake in power equipment manufacturer Bharat Heavy Electricals Ltd (Bhel) to state-owned Life Insurance Corporation of India (LIC), fetching the exchequer about Rs 2,046 crore.

According to the company, the government could get about Rs 1,900 crore from the process while the company will garner about Rs 6,000 crore from the sale of fresh equities.

The company has paid the record highest dividend of 300 per cent and the earnings per share has increased to Rs 59.71 in 2012-13 compared to Rs 57.34 in 2011-12.

The RBI is expected to vet all proposals, including the $2.5-billion Apollo Tyres deal with Cooper Tire & Rubber Company of the US, to see whether they are in tune with the new norms that have kicked in to curtail the outflow of foreign exchange and strengthen the rupee.