Market News :

Bhushan Steel said on Saturday its board had approved raising up to $1 billion through an issue of securities

Indian financial services firm Religare Enterprises has filed for regulatory approval to raise up to Rs 800 crore ($179 million) through a rights share issue, the company said in an exchange filing late on Friday

Tube Investments of India Ltd (TII), part of $3-billion Murugappa group, is planning to set up green field facilities to manufacture bicycles, tubes and chains. The company has said it would invest around Rs 600 crore in these facilities

Piramal Healthcare Ltd (PHL), owned by Ajay Piramal, has entered into the financial services sector by announcing plans to launch two non-banking finance companies (NBFCs)

Jaguar Land Rover, owned by the Tata Group, is investing £5 billion ($8.2 billion) in product development and new equipment over the next five years, according to a media report

Lupin: Mumbai-based company looks for a second acquisition in Japan for $50-100 million

Life Insurance Corporation (LIC) has acquired additional over 2% stake in power equipment maker BHEL from the market for Rs 2,205 crore to become the second-largest shareholder in the PSU after the government

Amrutanjan Health Care today said it has fixed Rs 900 per share as the price for its buyback offer for equity shares

IT company Educomp said it has joined hands with Great Lakes Institute of Management to provide e-learning education and the two partners will invest Rs 150 crore in the venture in next five years