UwidoNews

Jindal Power Ltd., controlled by India’s richest woman, plans to raise as much as 100 billion rupees ($2.1 billion), testing appetite for energy shares after investors lost money on every Indian utility IPO this year.

DLF Ltd. has raised about 10 billion rupees ($209 million) selling plots of land over the past five weeks.

Reliance Power, promoted by Anil Ambani has plans to raise Rs.20,000 crore ($4 billion) in 2009-10 in order to finance various power projects.

Mortgage lender LIC Housing Finance has raised 10 billion rupees via three-year bonds, two sources with knowledge of the deal said on Monday.

Euphoria over the Rs 1.81 billion net profit in October-December 2008 notwithstanding, Satyam is still not out of the woods as it faces legal and other claims that could put a burden of up to Rs 100 billion on it.

IDBI Bank on Tuesday raised 1 billion rupees via Certificates of Deposit (CDs), Thomson Reuters data showed.

India's leading power-equipment maker, Bharat Heavy Electricals (BHEL.BO), got fresh orders worth 100 billion rupees ($2.1 billion) during April to June, its chairman said on Thursday.

India’s Finance Minister Pranab Mukherjee announced plans to borrow a record 4.51 trillion rupees ($93 billion) to fund budget spending on roads, power and aid for the poor. Stocks, bonds and the currency slumped.

Reliance Industries Ltd., India’s most valuable company, gained in Mumbai trading after saying it plans to issue free shares to investors.