Forex reserves rise

Mumbai, Feb. 21: India’s foreign exchange reserves grew further by $899 million to touch $107.5 billion for the week ended February 13, according to the Reserve Bank of India’s weekly statistical supplement released here today. The foreign currency assets also saw an increase of $900 million to touch $1,03,215 million, it said.

BSE move

Mumbai, Feb. 21: The Bombay Stock Exchange (BSE) will shift 11 scrips from the A group, including Marico, MRF, Thomas Cook and Trent, to B1 group and include 13 stocks, including Allahabad Bank, CESC, and MRPL, in A group from March 1. After the current revision, the total number of scrips in A and B1 group would be 200 and 751 respectively.

Jindal Stainless

New Delhi, Feb. 21: Shareholders of Jindal Stainless have approved a proposal to split equity shares of the company by fifth to Rs 2 per share. The company has fixed March 9 as the record date for the split which would see the value of share reduced from Rs 10 to Rs 2, a company statement said.

Vizag steel

Bhubaneswar, Feb. 21: Visakhapatnam steel plant, the country's first shore-based steel project, is planning to expand its capacity from three million tonnes per annum to five million tonnes by 2008.