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NFC dispatches fuel bundles to newly-built RAPS unit 6
Nuclear Fuel Complex (NFC) has made history by supplying 11,016 fuel rods from the imported natural Uranium to the Nuclear Power Corporation of India (NPCIL) in a record time of six months for three reactors.

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Credit growth at 10.41 per cent
Credit growth of banks remained quite low at just over 10 per cent for the fortnight ended December 4 on an yearly basis compared to over 20 per cent in the corresponding period last year.

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India asks developed nations to change their lifestyle
In a strong message, India today asked the developed countries to modify their ‘unsustainable lifestyles’ to significantly cut down carbon emissions by 2020 and to ensure that developing nations had enough resources to cope with climate change while pursuing accelerated development.
Small Business

Cipla to raise Rs 676 cr via QIP issue

Drug Firm Cipla today said it will raise Rs 676 crore through the issue of equity shares on institutional placement basis. - Rally prompts promoters to sell treasury stock - Venus Remedies, Korean firm sign out-licensing deal - Cipla to offload 4% stake for Rs 840 crore - Nektar, Astrazenca sign licensing agreement - Zandu Pharma gets shareholder nod for merger with Emami - Cipla denies reports of unrest at Sikkim facility The board of directors of the company have approved the issuance of up to 2.56 crore equity shares at Rs 263.75 per equity share, thus garnering Rs 676 crore, Cipla said in a filing to the Bombay Stock Exchange (BSE). The QIP issue closed on Thursday. Shares of the company were trading at Rs 261.50, up 0.97 per cent on the BSE. The filing further said the price of the QIP issue was fixed at Rs 263.75 per share.


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