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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

China imports, exports dip as global crisis runs course

China’s imports in January fell the most since the depths of the global financial crisis, raising concerns that demand may be weaker than previously thought even allowing for Lunar New Year

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Fewer power projects may get more coal in 12th Plan

The government seems to be preparing the power sector for low fuel availability. In the next Five-Year Plan, it is looking to reduce power capacity from Coal India Limited (CIL)’s linkages.

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Chennai gives India its Photographer of the Year 2011
Chennai: After a record breaking 66,782 entries from remote towns, cities all over India, a Photojournalist based in the city of Chennai won accolades as the Photographer of the Year 2011. Better

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No data collection yet in Bihar, UP, West Bengal, Assam

Polls in some states and the inadequate supply of tablet PCs have delayed completion of Socio-Economic Caste Census (SECC) 2011 by almost seven months. Work on collecting the data has not even

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Pitroda panel wants Railways to invest Rs 56k cr

To help the railways overcome capacity constraints, an expert committee headed by Sam Pitroda is likely to propose investment of Rs 56,000 crore by the ministry of railways, to be implemented over

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