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Saturday, December 29, 2007
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Bharti Infratel gets $1b funding
The company valuation is put at $10-12.5 b

SEBI proposes norms to regulate real estate trusts
Investment schemes will not promise assured returns

Tea exports set to decline


ONGC seeks sops for the Kakinada project
Hindujas keen to pick up a majority stake in the refinery

Airtel’s big push to rural connectivity
Plans to launch services in Sri Lanka; to increase broadband speed

NTPC steps into power distribution
Forms NTPC Electric Supply Company; in talks with Jharkhand, Bihar govts.

GAIL, OIL sign MoU


Other Stories



Barometer


Briefly
Inflation rate slips to 3.45 p.c.
NEW DELHI: The inflation rate fell marginally to 3.45 per cent for the week ended December 15 from 3.65 per cent in the previous week, due to fall in prices of fruits, vegetables and textile products. The annual rate of inflation stood at 5.73 ...

Forex reserves down by $232 m
MUMBAI: India’s foreign exchange reserves fell by $232 million to $272.722 billion on December 21, the Reserve Bank of India said in its weekly statistical supplement on Friday. ...

Reliance Power’s IPO gets the go-ahead
MUMBAI: Anil Ambani group on Friday got the regulatory go-ahead from SEBI for the public issue of Reliance Power, the group’s first IPO and estimated to raise about $3 billion, the highest ever proceeds in India. ...

DLF market cap surges
Rs. 1,81,343 crore at the end of Friday’s trading, marking a gain of about Rs. 9,150 crore over the previous day. This is second highest among private sector companies after Reliance, which has a market cap of over Rs. ...

Apple mulls online movie rental service
SAN JOSE: Apple Inc. is preparing to announce next month the long-rumoured launch of a movie rental service through its online iTunes Store, as well as a groundbreaking licensing deal of its anti-piracy technology, moves that could ...

Vijaya Bank raises Rs. 200 crore
BANGALORE: Vijaya Bank has raised Rs. 200 crore through a private placement of unsecured redeemable, non-convertible subordinated Tier-II bonds. The issue which opened on December 24 was fully subscribed and the amount raised will be used to ...

BSEL completes $35 m GDR issue
CHENNAI: BSEL Infrastructure Realty has completed an issue of 21.47 lakh global depository receipts (GDRs) for $35 million. The GDRs will be listed on the Luxembourg Stock Exchange, says a company ...

India-Hong Kong air services pact hailed
NEW DELHI: The Hong Kong Tourism Board (HKTB) has welcomed India’s decision to increase air services with Hong Kong. HKTB has identified India as an emerging market since 2003 and over the past six years, arrivals from India to Hong Kong ...

IOB to share ATMs with SBI
TIRUCHI: Indian Overseas Bank will soon enter into a tie-up with State Bank of India to give its customers access to 8,000 more automated teller machines, according to its Chairman and Managing Director, S. A. Bhat. Speaking to reporters, he ...

Parryware bags Prestige group order
CHENNAI: Parryware Roca Private Limited, the bathroom solutions provider, and Prestige Group, Bangalore’s leading real estate developer, have reaffirmed their commitment in transforming Bangalore skylines by providing contemporary ...

Saraf takes over as Director (Finance) ONGC
NEW DELHI: D. K. Sarraf has taken over as the new Director (Finance) of Oil and Natural Gas Corporation (ONGC). He joined ONGC in 1991. Mr. Sarraf was selected by the Public Enterprise Selection Board (PESB) a few months back, according to an ...




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