Tata Motors to mop up to Rs 500 crore via NCDs

The largest Indian automobile manufacturer, Tata Motors Limited will raise up to Rs. 500 crore via issuance of NCDs (non-convertible debentures) on a private placement basis. In a BSE filing, Tata Motors stated that a meeting of duly authorised committee was held today, 24 March 2017, approving offering for subscription on a private placement basis, up to 5000 rated, listed and unsecured, NCDs aggregating up to Rs. 500 crore. It was In February, that the company stated that it planned to raise Rs 500 crore by offering the sixth series of NCDs. The board had endorsed the proposal on March 2. ...
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Rupee maintains surge, up 9 paise against USD, Stock Trading Tips

A day after rupee surged to a Sixteen-month high on higher expectations of bold reforms, it today made a positive start by rising 9 paise to 65.73 against the U.S dollar, backed by foreign inflows. Selling of the dollar by banks and exporters and its weakness overseas along with a higher opening in the domestic stock market fuelled rupee uptrend. On Tuesday, 14 March 2017, the rupee had jumped a massive 78 paise to end at 65.82, a nearly 18 months high, amid expectations that BJP’s stunning victory in Uttar Pradesh will embolden the government to go for more reforms. The dollar was on tenter...
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FMCG Industry expected to grow by over 15% in 2-3 years

The Indian fast moving consumer goods (FMCG) industry has the potential to develop by more than 15% over the next two to three years, if players in the sector focus on improving brand penetration, a report said on 8 March 2017. As per the joint report by the Confederation of Indian Industry and Bain & Company, India is cusp of the FMCG S-curve and there is major room to grow over the next 5 to 10 years. The industry’s growth rate compared to Gross Domestic product (GDP) has fallen to 0.8 from a historical ratio of 1.2, the report added. During the slowdown, FMCG companies scaled back gro...
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8 March, Indian stock market update, Rupee/USD, Nifty future tips

The Indian rupee carried on to rose higher against the USD in early trades today, on increased selling of the American currency by banks as well exporters. Further, the dollar's weakness against other currencies overseas, continued foreign fund inflows and a higher opening in domestic equity market also aided the rupee's thrust. The domestic currency opened at Rs 66.63 against the USD but plunged to a low of 66.66 during the day. The rupee had ended 4 paise higher at 66.67 in yesterday's trade, rising for the second straight day. Back to Indian stock market update, At 1:15 pm today, the BSE S...
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