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No solution in sight for political crisis in Andhra
The political crisis in Andhra Pradesh, triggered by the Telangana issue, showed no signs of easing on Sunday. It was not clear from the ministers, who had yesterday decided to quit opposing the formation of Telangana, if they would press for acceptance of their resignations or withdraw them. The ministers, all hailing from the coastal Andhra and Rayalaseema regions, are likely to spell out their stand soon.

Andhra to form JV to explore gas reserves
The board of directors of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) on Tuesday approved the proposal to create a joint venture company with APGenco. APIIC would have a majority 51 per cent equity share and APGenco the remaining 49 per cent.

News of the day

Bihar seeks Rs 23,000 cr as central assistance
Bihar today sought Rs 23,000 crore as immediate assistance from the Centre to tackle the drought situation in the state.
Corporate

Gammon Infra fixes Oct 27 as record date for stock-split

Construction firm Gammon Infrastructure Projects today said it has fixed October 27 as the record date for the proposed stock-split. - Govt awards seven port projects worth Rs 1,800 cr - Gammon Infra hikes stake in Vizag Seaport - Gammon Infra may raise Rs 500 cr through QIP - Gammon Infra plans stock-split - MVL rises on stock-split plan - Gammon bags Rs 500-cr project from Paradip Port The record date has been fixed for determining claims of the existing shareholders for the purpose of stock-split, Gammon Infrastructure Projects said in a filing with the Bombay Stock Exchange. The company has already received approval of the shareholders for the sub-division of each Rs 10 share into five equity shares of Rs 2 each. Shares of the company closed at Rs 102.55, marginally up from the previous close on the BSE.


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