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Rajesh Exports net dips 46% on high input cost
The country’s largest gold jewellery manufacturer and exporter, Bangalore-based Rajesh Exports, has posted 46.43 per cent decline in net profit during the first quarter of the current fiscal on substantial increase in investment in raw material procurement.

Asian banks have little exposure to Dubai: Moody's
Banks across Asia have minimal exposure to Dubai and its debt-laden conglomerate Dubai World, Moody"s Investors Service said.

News of the day

Wells Fargo to repay $25 bn bailout funds
Financial services firm Wells Fargo & Company has said it will repay bailout funds worth $25 billion to the US government.
International Business

ICICI Bank raises $750 m from 5-yr bonds

ICICI Bank today said it has raised $750-million (around Rs 3,465 crore) by issuing five-year bonds at its Bahrain branch. - Tata Steel completes $546-mn exchange offer for CARS - ICICI, HUL among world"s best companies for leaders - Markets have a sedate start - ICICI takes up staff retraining to brush up image - ICICI to raise funds for overseas business - Risk management minimises downside The issue, which had an order book of over $3-billion, was participated by over 250 investors, the country"s second largest lender said in a press release here. "The 5.33-year fixed rate notes carry a coupon of 5.5 per cent, which translates to 292.6 basis points spread over equivalent Libor," the bank said. Last month, the country"s largest lender State Bank of India raised $750-million through the issue of five-year bonds abroad.


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