Centurion bank to raise Rs 500 cr through QIP

Friday, August 3, 2007, 18:08 [IST]

Mumbai, Aug 3 (UNI) Centurion bank of Punjab will raise Rs 500 crore through Qualified Institutional Placements (QIP).

In a communique to bourses, bank said its shareholders have extended approval for the capital raising rogramme at its Annual General Meeting (AGM) held today.

The AGM also approved the Employees Stock Option Plan (ESOP) to issue upto 10 crore additional stock options to the employees of the bank.

The additional capital raised is expected to be utilised for the corporate expansion plans of the bank.

UNI

Other articles published on August 3, 2007

Tin, copper, brass prices slip on bearish global advice

Friday, August 3, 2007,18:08 [IST]

Mumbai, Aug 3 (UNI) Prices of tin slab, copper utensils, and nickel cathode today ruled easy on lack of fresh industrial demand and bearish advice from London Metal Exchange (LME), traders at the Bombay Metal Exchange said. In the ferrous metals group, copper heavy and copper utensils declined by Rs 100 and Rs 200 per quintal each on poor buying support, while brass utensils and brass cuttings also eased by Rs 50 and Rs 100 per quintal.....

Key cotton price remain flat on moderate spinners' demand

Friday, August 3, 2007,18:08 [IST]

Mumbai, Aug 3 (UNI) Select cotton prices today remained steady on moderate spinners' demand and sufficient stocks, traders at the East India Cotton Association said. Following are the spot cotton rates per candy (350 kgs) in Rupees: Bengal Desi: 16,200, V-797: 17,000, Karnataka Jayadhar: 16,500, Y-1: 17,800, Punjab J-34: 18,800, NHH-44: 19,500, LRA: 19,200, H-4: Rs 19,700, S-6-A grade: 20,100, Bunny/Brahma: 20,400, MCU-5: Rs 21,400, DCH-32: 32,500, 26-MM: 19,600. Hedge Contract 19,800. UNI.....

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Sugar prices slip again on poor bulk consumers demand

Friday, August 3, 2007,18:08 [IST]

Navi Mumbai, Aug 3 (UNI) Wholesale sugar prices drifted lower for the third consecutive day today and crashed by Rs ten per quintal to quote at a low of Rs 1305 on sustained heavy offers by stockists in the face of larger stock arrivals from mills, traders at the wholesale sugar market said. Retail prices are likely to be quoted below of Rs 20 per kg within a few days against the present level of Rs 22-25.....

Bull-run continues on the markets

Friday, August 3, 2007,18:08 [IST]

Mumbai, Aug 3: For the second consecutive session, the bulls reigned supreme on the bourses as the Sensex soared by 152.70 points on the Bombay Stock Exchange (BSE) to settle above the psychological barrier of 15,000 at 15,138.40 on positive cues from taming inflation, sliding global oil prices and buoyant US and Asian indices. ''The market saw steady buying interest throughout the day in index pivotals. All sectoral indices on BSE posted gains. Shares from real.....

ICAR to launch NAIP in Northeast

Friday, August 3, 2007,18:09 [IST]

Shillong, Aug 3 (UNI) The Indian Council of Agricultural Research (ICAR) will launch the National Agricultural Innovation Project (NAIP) to empower the rural farming community in the North Eastern (NC) states. Meghalaya Chief Minister D D Lapang will formally open the NAIP on August 6 at ICAR complex, Umiam. The main features of the project include research on production- to-consumption system (market), sustainable livelihood security in disadvantaged areas (poverty) and basic and strategic researches at the.....