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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.

'Banks to take cue from RBI policy to decide rates'
Lending rates might move upward in the months ahead as credit growth picks up, but banks may take a cue from the RBI policy before effecting any change in their rate-structure, a top banker today said.

News of the day

Pro-dam activists demand early resumption of suspended projects
Ahead of the first meeting of the Ganga River Basin Authority (GRBA) in New Delhi on October 5, intensive lobbying is on to build pressure on the Centre and the Uttarakhand government for the resumption of three hydel projects — 600-Mw Lohari Nagpala, 480-Mw Pala Maneri and 381-Mw Bhaironghati — which were suspended under the pressure of environmentalists and VHP leaders.
Business Opportunities

Infosys weak on senior officials' exit

The stock slipped to a low of Rs 2,509 and finally settled at Rs 2,526, down 1.5% from its previous close. The counter clcoked volumes of 182,219 shares on the BSE as compared to the two-week daily average traded volumes of 164,010 shares on the BSE. ___________________________________________ (Updated at 1135hrs)


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