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Religare Enterprises to raise Rs 1,850 cr via rights
Financial services provider Religare Enterprises today said it would raise Rs 1,850 crore through rights issue.

GAIL declares 20% interim dividend
State-run gas utility GAIL India Ltd today declared a 20 per cent (Rs 2 per share) interim dividend for the current fiscal.

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The move is appropriate and adequate, says govt
Even as some sections of industry found the 75 basis points (bps) increase in the cash reserve ratio (CRR) more than expected, the government commended the Reserve Bank of India (RBI) for the “right move” and said it would not result in an immediate increase in interest rates. It said the Reserve Bank had aptly acknowledged the need for paying attention to inflation as well as growth.
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Reliance MF to launch Islamic fund in Malaysia soon

Reliance Mutual Fund will shortly launch an Islamic fund in Malaysia, a top company official said. "We have set up a subsidiary and it is launching an Islamic fund in Malaysia shortly," Reliance Capital Asset Management CEO, Sundeep Sikka, told reporters on the sidelines of a press meet here.


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