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Business Standard / New Delhi October 23, 2009, 0:41 IST

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Controversial sugarcane law gets Parliament nod
Parliament today passed a bill that introduces a new sugarcane price regime, after government allayed concerns of Opposition that the states will not be required to pay the difference between the Central and the State Advised Price to farmers.

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Two power plants proposed near Kanpur
The Union coal ministry and National Thermal Power Corporation (NTPC) have proposed to set up one power plant each near Kanpur.
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Bank of India raises Rs 500 cr through bonds

Public sector lender Bank of India (BoI) today said it has raised Rs 500 crore through the issue of bonds in the market. - IOB Q1 netup 18% to Rs 302 cr - PNB Q1 net rises 62% to Rs 832 cr - Corporation Bank Q1 net up 42% at Rs 261 cr - "Rs 6,400-cr advances restructured" - Little room for immediate cut: Bankers - FII-TO-FII: Grasim Ind traded at 3% premium "The bank has raised capital through issue of bonds of Rs 500 crore on July 28," Bank of India said in a filing to the Bombay Stock Exchange (BSE). The coupon rate of bond is 8.45 per cent per annum, it added. Shares of Bank of India were trading at Rs 317.30, down 0.47 per cent in afternoon trade on the BSE.


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