Cos raised Rs 2,375 crore in FY'12; lowest in 8 years

Indian companies raised Rs 2,375 crore(Rs 23.75 billion) through rights issue in 2011-12 -- lowest in eight years -- because of dismal market conditions, says Prime Database.The report said it was......

Oberoi head talks of succession plan,but not soon

EIH Ltd, owners of the Oberoi hotel brand, may have a succession plan in place in the next couple of years, said P R S Oberoi, chairman."I think about it all the time. I intend to do something at......

No financial loss to company: Oberoi

East India Hotels chairman P R S Oberoi on Saturday said that the group hoped to reopen its Trident hotel at Mumbai's Nariman Point earlier than the adjacent Oberoi hotel, though an assessment of......

Mukesh eyes the EIH driver's seat

Reliance Industries Ltd and the Oberoi family will increase their shareholding in East India Hotels by buying the unsubscribed portion of a Rs 1,300-crore rights issue, which was cleared by the......