HCL Infosystems, Shree Renuka Sugars likely to see some action today

HCL Infosystems, the leading ICT system integrator and distribution company of the country, is looking to raise fresh funds of up to Rs 500 crore through various routes.

Shree Renuka Sugars has received an approval from commodity market regulator, Forward Market Commission (FMC), to acquire a 5% stake in India’s second largest commodity exchange – National Commodity and Derivatives Exchange (NCDEX).

Government-owned oil marketing companies (OMCs) have once again hiked prices of Aviation Turbine Fuel (ATF) by around 4.5%, the second hike this month. The revised prices have come into effect from Sunday August 16, 2009.

India’s leading automobile major belonging to the Tata Group – Tata Motors – is expected to help its cash-strapped Thailand-based joint venture (JV) with Thonburi Automotive, Tata Motors (Thailand) in view of a contraction in demand. The JV is seeking a 121.71 crore loan from Citibank NA, for which the Indian partner is required to furnish a guarantee worth Rs 85.20 crore. As per Tata Motors’ annual report for 2008-09, the Indian auto major had said it might have to purchase Thonburi’s 20% in the Thai JV, in case the company is not able to raise fresh equity for its operations.