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Popular Articles

A historic visit by PM: US
A week after Prime Minister Manmohan Singh was accorded a red carpet welcome in the US, the Obama administration has termed his visit as "historic" and said both the countries had some "specific accomplishments".

TDSAT says only it can decide on STAR India-BSNL dispute
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has held that the ongoing arbitration between broadcast major STAR India and telecom major BSNL is not valid and that it has the sole jurisdiction to decide on the disputes between the two.

News of the day

India can learn lessons from China, says Ramesh
Environment Minister Jairam Ramesh commended the commitments made by Chinese President Hu Jinato during the high-level Climate Change Summit here and said India can learn lessons from China to help save the planet.
International Business

GVK Power acquires 12% in Bangalore Airport

GVK Power and Infrastructure acquired 12 per cent of Bangalore International Airport for Rs 484.59 crore. - Power & Infra gets board nod for raising Rs 1,800 cr - GVK Power promoter pledges 4.37% stake GVK Airport Developers, the wholly owned subsidiary of the company, acquired this stake from Flughafen Zuerich AG, said the company in a statement to the National Stock Exchange. The above acquisition will be completed upon obtaining necessary consents. The company has also entered into a strategic alliance agreement (SAA) with Unique Airports Worldwide AG (Zurich Airport) to collaborate for new airport projects in Indian sub-continent. The company had reported a 45.19 per cent increase in net profit to Rs 44.23 crore for the second quarter ended September 30, 2009. Revenues increased over four-fold to Rs 492.32 crore during the quarter from Rs 109.49 crore.


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