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India

Tata Steel mops up Rs 2,000 cr thru bonds

Tata Steel, on Thursday, announced that it has raised Rs 2,000 crore through private placement of rupee debentures as part of its long term financing plan.

“Tata Steel has raised Rs 2,000 crore including greenshoe option through private placement of redeemable non-convertible rupee debentures,” the company said.

Source: Deccan Herald

Pakistan

KSE has ‘huge’ upside potential: US envoy

US Ambassador Anne W. Patterson has said that Pakistan’s stock market had a “huge” upside potential.
She stated this during her visit to the Karachi Stock Exchange (KSE) on Thursday. She held a meeting with its board of directors and said that she was keen to be at country’s premier stock exchange.

Source: Dawn

Sri Lanka

Lanka ranked third in Gulf tourism growth

Sri Lanka has been ranked third in Asia in terms of growth of tourism for the Middle Eastern market said Director General Sri Lanka Tourism Promotions Bureau, (SLTPB) Dilip Mudadeniya.
He said Sri Lanka as a destination recently reported a 80.6 per cent growth in terms of Gulf arrivals in comparison with 2007. "This places Sri Lanka behind Thailand and the Maldives," he said.

Source: Daily News

Bangladesh

Govt right now unable to ensure gas for Tata

The government is to inform Tata that the country right now is unable to ensure required gas supply to its proposed $ 3 billion investment in steel, fertilizer and power since Bangladesh faces shortage of adequate gas, energy ministry sources said yesterday.
The Indian conglomerate and the government are to resume two-day talks on May 11 in Dhaka.

Source: Daily Star

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