Financial Express - India's leading business newspaper from the Indian Express Group

SBI millennium bonds get $4bn feedback despite S&P rating

S&P may have revised its outlook for the country's long-term foreign currency issuer credit to "stable" from "positive", but the State Bank of India has received market feedback to the extent of $4 billion for its upcoming India Millennium Bond issue, which will open on October 21.

Dollar-buying spree pushes rupee down

The rupee slid by 14 paise against the dollar on Wednesday to an intra-day low of 43.35/36 after Standard & Poor's revised its country outlook to "stable" from "positive".

HLL plans to make offer for 24 per cent stake in IBL

The HLL scrip closed at Rs 189.40, which is a marginal drop over its previous close. The Rs 108-crore IBL was earlier the Indian subsidiary of Bestfoods which held a 76% stake in the company.

BPCL, IBP product pact hangs fire

The government's plans to divest its equity in IBP could throw a big question mark on the future of a product assistance agreement between the marketing PSU and the Bharat Petroleum Corporation.

No Bombay Dyeing counter-offer for now

Bombay Dyeing, currently the object of much interest from Calcutta-based jute baron Arun Bajoria, has decided not to make any counter offer at this juncture.

Ballarpur Ind wants chambers to intervene

Ballarpur Industries wants the industry chambers to intervene in the issue of jute baron Arun Bajoria picking up reportedly nearly 10% stake in the company.