About 100 Indian companies which took the FCCB route aggressively during the 2006/2008 bull run to raise funds, now find it is payback time - bonds worth Rs 31,500 crore are coming up for redemption within the next 24 months. Stock prices of many of the issuers are far below their conversion prices.

The company said that based on the indicative offers, completion of such a transaction would facilitate the company's stated objective of achieving a substantial reduction in its overall debt position.

Reliance Communications draws the third and final tranche of Rs 1,200 crorefrom the Rs 8,700 crore loan facility it secured from China Development Bank.

According to media reports, the brokerage firm said the RCom stock is currently trading below Rs 120, which makes it an attractive acquisition candidate.

Shares of RCom went up 1.81 per cent to hit an early high of Rs 101.10 on the Bombay Stock Exchange (BSE). In the previous session, the stock had gained 9.36 per cent.

Anil Ambani group firm Reliance Communications on Wednesday said it has completed the procedure for obtaining Rs 8,700 crore loan from China Development Bank to part finance the cost of 3G spectrum and equipment purchase.

Chinese Premier Wen Jiabao assures India Inc that China is ready to open its markets to bring down India's soaring trade deficit with its Asian neighbour.

Sky-high capacity targets and lollipop tariffs may spur investor frenzy in the nascent solar energy business.

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