In brief

Canara Robeco launches fund

Canara Robeco Asset Management Company announced the launch of Canara Robeco FORCE (Financial Opportunities, Retail Consumption & Entertainment) Fund — an open ended equity scheme. The New Fund Offer  is open for subscription from 20 July 2009 and will close on 18 August 2009.

Tata Steel to raise $500 mn
* Tata Steel will make one of the country’s biggest offers for global depository receipts in recent times to mop up $500 mn to fund its capital expansion plans both within the country and outside.

Radico Khaitan Q1 net up 55 pc
* Radico Khaitan reported a 55.52 per cent jump in its net profit at Rs 10.70 crore for the first quarter ended on June 30, 2009. It  had a net profit of Rs 6.88 crore in the corresponding quarter ended June 30, 2008.

Reliance Capital to go for IPO
* Reliance Capital,divulged its plans to unlock value by selling part of its stake in its life insurance business. This would be achieved either through strategic sale or initial public offering (IPO).  

ING Vysya Bank Q1 net up 48 pc
* ING Vysya Bank announced that for the first quarter ending June 2009 its net profit increased by 48 pc to Rs 60 cr from Rs 40.60 cr reported in the quarter ended June 2008. Total  income of the Bank at Rs 331.60 crwas 16 per cent higher than Rs 285.90 cr in the  previous year.

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