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Pranab hints at subsidy rollbacks to rein in fisc
Finance Minister Pranab Mukherjee today signalled that the government’s economic reform strategy would focus on fiscal consolidation, debt management and mobilising additional resources through disinvestment proceeds. The emphasis would be on curbing subsidies and promoting private sector investment by continuing stimulus measures.

MLR Motors gets time till March for financial closure
Hyderabad-based MLR Motors, which failed to achieve financial closure for its Rs 1,250-crore project, got a fresh lease of life with the Andhra Pradesh government agreeing to extend the deadline till March 31, 2010.

News of the day

Nothing sporty about it
A new sports bar in NCR is a nice hangout place but not meant for genuine fans
Corporate

Radico Khaitan seeks shareholders nod to raise Rs 375 cr

Liquor manufacturer Radico Khaitan today said it will seek shareholders approval for raising Rs 375 crore by share sale from domestic and international markets. - City Union Bank to raise Rs 300cr - Hanung Toys to raise Rs 238cr - Radico Khaitan to raise Rs 375 cr - Muthoot Capital gets shareholders nod for rights issue - Comp U Learn board to discuss stake buy in US-based IT firm - Jet gets shareholders" nod for raising $400 mn The shareholders of the company would meet on October 23, in order to approve the proposal to raise Rs 375 crore by allotting shares or by issuing Global Depository Receipts and Foreign Currency Convertible Bonds, Radico Khaitan said in a filing to the Bombay Stock Exchange. Shares of Radico Khaitan were trading at Rs 112.70 on the BSE, down 2.80 per cent from previous close.


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