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Omaxe raises Rs 200 cr through debenture issue

New Delhi, Sept 30: Omaxe Ltd, a real estate company, has raised Rs 200 crore with the allottment of 200 non-convertible debentures worth Rs one core each to LIC Mutual Fund and Axis bank.

Omaxe has allotted 100 non-convertible debentures of Rs one crore each amounting to Rs 100 crore to LIC Mutual Fund on a private placement basis, a statement, said.

The compnay has further issued 100 non-convertible debentures of Rs one core each, amounting to Rs 100 core to Axis Bank Ltd.

UNI

Palm tops for TTEs for feed on vacant berths

New Delhi, Feb 26:  Palm tops will be given to Railway Travelling Ticket Examiners(TTEs) so that they can feed to the Passenger Reservation System (PRS), the information about berths/seats falling vacant at the eleventh hour.Under the existing system, reservation charts are brought out a few hours before the departure of trains. Often due to unforeseen circumstances, several passengers with reservations do not travel, resulting in many berths remaining vacant.Since this information is not fed into the PRS.....
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