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Indian forex reserves up at US$143.1bn
Mumbai: India's foreign exchange reserves rose to US$143.098bn on Dec. 2, up from US$142.177bn a week earlier, the Reserve Bank of India has said in its weekly statistical supplement on Friday.

The central bank said that the country's foreign currency assets, expressed in U.S. dollar terms, included the effect of appreciation or depreciation of other currencies held in its reserves such as the euro, pound sterling and yen.
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Adlabs Films concludes US$100mn FCCB offering
Mumbai: Adlabs Films Ltd said Friday it has concluded an accelerated offering of foreign currency convertible bonds (FCCBs) in the international markets, raising US$100mn.

The bonds with a maturity period of five years are convertible into shares at Rs550 per share, representing a premium of over 50 per cent to the average closing price of the three trading days prior to the offering, the company informed the Bombay Stock Exchange.

The proceeds will be utilised for growth of the company's various businesses, including production, processing, distribution and exhibition of films, and will further strengthen its position as a leading integrated media and entertainment company, it said in its statement.
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HDFC to float Rs.1,000 crore international fund
Chennai: Housing finance major, the Housing Development Finance Corporation Ltd (HDFC), is in the process of floating an 'international fund' with a probable size of Rs1,000 crore or more, before this financial year end.

HDFC's Executive Director, Ms Renu Sud Karnad said Friday, "We have already started the work and hopefully by the end of this financial year, it will be in place." She was speaking at a three-day property exhibition in the city.

Earlier the corporation had set up a 'property fund,' with a corpus of Rs1,000 crore, to make investments in housing properties.
Overall the housing major had sanctioned nearly Rs99,000 crore towards housing loans in the past 27 years in the country, of which amount it has so far disbursed Rs82,000 crore.
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