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RIL raises $1 billion
Reliance Industries (RIL) has raised $1 billion (nearly Rs 5,000 crore) by selling foreign currency bonds to investors abroad through its arm, Reliance Holding USA. The bonds carry a coupon of 5.4 per cent, payable semi-annually and unconditionally guaranteed by RIL. The transaction was subscribed nearly eight times. Nearly 400 accounts in Asia, Europe and America participated in the issue. Citigroup

Growth estimates get a reality check: just 6.9%

The government on Tuesday estimated 6.9 per cent economic growth for the current financial year. Earlier predictions had ranged 7-7.5 per cent. The economy had grown 8.4 per cent last financial year.

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Govt scraps release of weekly inflation data

Weekly wholesale price index-based inflation numbers are now history. The government discontinued the release of such data from on Thursday, even as a Planning Commission official said it only on

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Retailers' mantra: Sell more for less

Spending on the high street has never been cheaper for such a long period. If you walk through the city's Linking Road that houses showrooms of some of the world's biggest brands, it's almost a

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Nifty to trade in the 4,900-5,200 range

The Nifty saw a correction yesterday after it hit resistance near the level of the 200 Day Moving Average (DMA), above 5,200. If this downtrend continues, it could mean a reversal in the

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Struggling in US, F-35 fighter pushes sales abroad

Detractors say the F-35 stealth fighter, the costliest military plane ever, is destined to go down as one of the biggest follies in aviation history. But it may have found a savior: deep-pocketed

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