Advertisement
Singapore markets open in 5 hours 8 minutes

  • Straits Times Index

    3,293.13
    +20.41 (+0.62%)
     

  • S&P 500

    5,074.26
    +3.71 (+0.07%)
     

  • Dow

    38,501.47
    -2.22 (-0.01%)
     

  • Nasdaq

    15,719.92
    +23.28 (+0.15%)
     

  • Bitcoin USD

    64,313.09
    -2,165.30 (-3.26%)
     

  • CMC Crypto 200

    1,391.69
    -32.41 (-2.28%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Gold

    2,333.50
    -8.60 (-0.37%)
     

  • Crude Oil

    82.93
    -0.43 (-0.52%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • Nikkei

    38,460.08
    +907.92 (+2.42%)
     

  • Hang Seng

    17,201.27
    +372.34 (+2.21%)
     

  • FTSE Bursa Malaysia

    1,571.48
    +9.84 (+0.63%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,572.75
    +65.95 (+1.01%)
     

Tata Motors plans to raise up to $694 million this fiscal year

Reuters
Tata Motors logos are pictured outside their flagship showroom in Mumbai May 28, 2013. REUTERS/Vivek Prakash/Files

NEW DELHI (Reuters) - Tata Motors Ltd, India's biggest auto maker by revenue, plans to raise up to 44 billion rupees through non-convertible debentures in the current financial year that began in April, the company said on Thursday.

Once the proposal is approved by shareholders, the money will be used to replace short-term borrowings and fund part of the ongoing capital expenditure, Tata Motors said in its annual report for 2014-15.

(Reporting by Aditi Shah; Editing by Mark Potter)