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Popular Articles

Twitter nears deal to raise $100 mn: report
Micro-blogging site Twitter is close to securing $100 million funding from about seven investors, a move which will make it a billion-dollar entity, says a media report.

PPT gets customs nod to transport furnace oil
The authorities of Paradeep Port Trust (PPT) have finally transported 175 tonnes of furnace oil evacuated from Black Rose, the sunken vessel to Kolkata and Ranchi through lorries after getting the clearance from the Customs officials.

News of the day

L&T sells 2.32% in Satyam for Rs 306 cr
Larsen & Toubro (L&T), one of the failed suitors for scam-hit Satyam Computer, today sold 2.32 per cent stake in the IT company (now Mahindra Satyam) for over Rs 306 crore, exactly a month after the lock-in perid on sale of its holding ended.
Small Business

Yes Bank raises Rs 1,140 cr via share sale to boost biz

Private sector lender Yes Bank today said it raised $250 million (about Rs 1,140 crore) by private placement of shares to fund its expansion plans, which include opening up to 250 branches next year. - Yes Bank slips despite jump in Q3 net - Yes Bank net up 19% - Yes Bank plans to raise $150-200 mn via QIP - UPDATE: Yes Bank net up 19% at Rs 126 cr - Results today, tomorrow: Wipro, Tata Power - ICICI invests Rs 250cr in Lavasa Corporation The bank has raised Rs 1,140 crore with a floor price of Rs 269.46 per share, Yes Bank said in a filing to the Bombay Stock Exchange. The funds raised would be used for opening 135 to 250 new branches by next 12-15 months, Yes Bank MD and CEO Rana Kapoor said. The bank would also use the raised funds in hiring human resource, Kapoor added. Yesterday, the bank had reported a growth of 19 per cent in its net profit at Rs 125.9 crore for the third quarter ended December 31, 2009. Shares of Yes Bank were trading at Rs 263.95 on the BSE, down 3.19 per cent from its previous close.


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