Asia tracks US market losses

The US markets closed with losses. S&P 500 lost 0.9% to 2,151 points on concerns about Deutsche Bank AG financial health rattled investors. Tracking the cues, Asian markets opened with losses.

Pakistan captures Indian soldier along LoC in Kashmir

Pakistan captured an Indian soldier on its side of the Line of Control (LoC) in Kashmir, military officials in the two countries said on Thursday, as tensions rose following a surgical strike that India said it carried out against terrorists, reports Reuters.

IndiGo adds new A320neos to fleet in market share push

IndiGo, the airline run by InterGlobe Aviation Ltd, has started inducting updated Airbus A320neo planes into its fleet and, according to one analyst, could potentially raise its market share to as much as 50% by next year, reports Mint.

Lovable Lingerie in talks with PE funds to sell stake

Promoters of Lovable Lingerie Ltd are in talks with private equity funds to sell 15-20% stake in the company, reports The Economic Times. According to the report, the deal may be done at around 20% premium to the company’s market price.

Religare Finvest plans to raise 650 crore through rights issue

Religare Finvest Ltd, a unit of Religare Enterprises Ltd, plans to raise 650 crore ($100 million) through a sale of stock to existing shareholders to improve its capital adequacy ratio, reports Mint.

Zee Enterprises acquires UAE-based FM station

Zee Entertainment Enterprises Ltd announced acquisition of UAE-based radio station. The company already operates satellite television channels like Zee Aflam and Zee Alwan in the UAE market.

Tata Steel plans to add six million ton in capacity

Tata Steel Ltd plans to add 6 million tonne steel output to its existing 13 million tonne capacity across two facilities at Jamshedpur and Kalinganagar through brownfield expansion over the next few years, reports Business Standard.

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