Stock markets yesterday across the globe closed in positive territory. Tata Motor's superlative Q1 numbers will give big boost to markets in the early trade. Delivery percentage in select NIFTY stocks also indicate strong upward movement. Domestic funds are net buyers in cash market in the last 2-3 trading sessions. All these factors may help the benchmark indices open higher. NIFTY is likely to test 7700 level in today's trade.
Tuesday, August 12, 2014
Tuesday, August 5, 2014
RELIANCE JIO FUND RAISING PROGRAMME
Reliance Jio Infocomm is planning to raise Rs 9000 crores in the overseas market to take advantage of lower interest rates. Recently Tata Steel raised Rs 6000 crores overseas.
The funds so raised will be used to retire its costly debt and to roll out telecom and data services. Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high
The funds so raised will be used to retire its costly debt and to roll out telecom and data services. Reliance joins a number of large companies, including the Essar and Adani groups, which are raising loans abroad as interest rates in India remain high
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