Indian pharma major Lupin Ltd expects continued growth in U.S. sales this fiscal on its rising branded and generics business, a top official said.
EIH's board approved a rights issue to raise as much as Rs 1300 crore. The board has set up a committee to finalise the rights ratio, issue price and other procedural modalities.
NTPC reportedly aims to more than double its installed generating capacity to 75,000 megawatt (MW) by March 2017 from 32,194 MW currently.
BASF India will reportedly launch seven products in the crop protection segment over the next three years.
The rupee extended gains on Friday afternoon tracking a rise in local shares which raised hopes for more foreign fund inflows, while an increase in the foreign investment limit in local debt also supported sentiment.
Bank of India sold 3 billion rupees of 8.1 percent bonds due in 2013 that it and investors have options to redeem in 2011.
A sudden slide in the yen against the dollar on Friday stirred suspicions Japanese authorities intervened for a second time this month to try to prevent the currency's strength from worsening a faltering recovery.
Oil rose, heading for a weekly gain in New York as a jump in German business confidence tempered concerns that fuel demand in the U.S. remains constrained by slack economic growth.
Gold futures rose to a record $1,300 an ounce in New York as investors sought a protection of wealth and an alternative to a weakening dollar. Bullion traded at an all-time in London and silver reached the highest price since 1980.
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