Pyramid Saimira Theatre Ltd (PSTL) is planning to raise funds through Foreign Currency Convertible Bonds (FCCB) or Global Depository Receipt (GDR) up to $400 million (Rs 1,600 crore).

Hindustan Petroleum Corp Ltd has announced that the company has raised Rs 170 crore through the sale of oil bonds issued to the company by the government.

General Motors (GM) India, the Indian arm of the US automobile maker, has announced that the company has set a target of selling 90,000 automobiles in 2008.