Day One: CIL IPO packs a punch

MUMBAI/KOLKATA: The initial public offer for Coal India attracted funds worth over Rs 5200 crore on the very first day of opening, prompting market players to second-guess how much the final book size would be when the issue closes on Thursday.


HDFC, the largest home loan provider, reported a 22% rise in net profit for the second quarter of this fiscal. The rise in profit is on account of increase in spread –— the difference between the cost of funds and yield on advances.

CHENNAI: The Union ministry of environment and forests (MoEF) has given clearance to the department of atomic energy to set up a neutrino observatory in Bodi West Hills reserved forest in Theni district in south Tamil Nadu.

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