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Adani gets shareholders nod to raise Rs 4K cr via QIP
Adani Enterprises today said it has received approval from its shareholders for upsizing the amount to be raised through share sale to qualified institutional buyers (QIBs) to Rs 4,000 crore from Rs 1,500 crore which was planned earlier.

Water resources department plan ceiling at Rs 2,222 crore
The annual plan ceiling of the water resources department (WRD) for 2010-11 has been fixed at Rs 2222.64 crore. It is the highest among all the departments.

News of the day

State's cotton crop likely to rise 15%
Despite recent floods in northern districts and subsequent damage to the standing crops, Karnataka, the sixth largest producer of cotton in the country, is likely to increase its cotton output this year by around 15 per cent to a little over one million bales (1 bale = 170 kgs). The state, which produced 900,000 bales of cotton from 390,000 hectares in 2008-09, had earlier set a target of 25 per cent growth in cotton output and 21 per cent increase in area under cultivation at 490,000 hectares.
Corporate

Inflation rises on higher food prices: FM

Finance Minister Pranab Mukherjee attributed the 4.78 per cent spurt in inflation in November to rising prices of food articles. - November inflation at 4.78% not a surprise: Fin Secy - Inflation trebles to 4.78%; RBI may squeeze money supply - Inflation jumps to 4.78% in November - Rajeev Malik : Go easy on that exit">Rajeev Malik : Go easy on that exit - Food inflation rises to 19% - Prompt action from RBI if inflation demand driven: Dy Gov "Inflation has risen high mainly because of the food article prices have gone up," Mukherjee told reporters here. The inflation, according to the monthly data released today, has shot up from 1.34 per cent in the previous month to 4.78 per cent in November, registering a more than three-fold increase. Mukherjee further said that rise was more evident in the Consumer Price Index (CPI) than in the Wholesale Price Index (WPI) as "food items have higher weightage" in the CPI. Food articles has a wightage of about 43 to 48 per cent in the CPI, the minister added, pointing out the difference in two indexes. The CPI-based inflation for industrial workers rose by 11.49 per cent in October, up from 11.64 per cent a month ago.


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