In another twist to the war of words between Reliance MediaWorks (which operates BIG Cinemas) and theatre chain Fame India, the latter’s managing director, Shravan Shroff, told Business Standard today that “Reliance Media had not made any written offer to me on a higher price”.

‘Hold` Rolta India, target Rs 20: Firstcall

Firstcall has recommended a `Hold` on Rolta India (Q,N,C,F)* with a price target of Rs 220 as against the market price (CMP) of Rs 185 in its report dated Feb. 6, 2010.

SBI defers retail bond issue to next fiscal

State Bank of India (SBI) has postponed plans to raise Rs 500 crore through a retail issue of non-convertible debentures to the next financial year even as L&T Finance is set to do the exact opposite.

Growing SpiceJet returns to profit

SpiceJet reported a company record INR1.09 billion ($23.5 million) profit in its fiscal third quarter ended Dec. 31, reversed from a INR179.6 million deficit in the year-ago period….

PTC Financial Services raises Rs 100 cr via debentures

PTC India Financial Services Ltd, promoted by PTC India Ltd, on Monday said it has raised Rs 100 crore by issuance of non-convertible debentures.

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