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Wednesday, June 11, 2014

Future Retail to raise Rs. 2000 crore
Future Retail’s Board of Directors of the company has approved to raise Rs. 200 crore to reduce debt. At least 75% of the funds will be used for reducing debt.

India’s exports grow 12.4% to $28bn in May

India’s exports rose 12.4% in May over the previous year, the sharpest rise in 6 months helped by a weaker rupee.

RCom drops amid volatility
Reliance Communications lost 0.23% after the company announced the launch of its Next-Gen 3G services in 5 more telecom circles thereby expanding its 3G footprint to 18 circles across the country.

India Cements gearing up for demand pick-up
India Cement is planning to ramp up production, anticipating a demand pick up under the new government at the Centre and state. Cement prices have already gone up in most markets by Rs 20-30 per bag.

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