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Popular Articles

Adding beer to batter
Karen Anand, adding booze to dishes, whips up deliciously naughty delights in the kitchen.

Three solar companies to set up units in Andhra
The Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has issued offer letters, so far, to an Indian and two American companies for setting up solar power plants at Kadiri in Anantapur district where it has earmarked an area of 5,000 acres for allotment to solar power projects.

News of the day

Tantia Constructions to dilute 10% equity
Civil and core infrastructure development company Tantia Constructions is looking at diluting 10 per cent of its total equity to raise money for upcoming projects, according to market sources. The company is considering fund raising through secondary market transactions, though the exact quantum of cash to be realised through the stake offloading could not be ascertained.
Small Business

Govt to disinvest 8.38% in NMDC this fiscal

The government will sell its 8.38 per cent stake in NMDC by March 31, 2010, the Navratna mineral company said today. - PSUs fail to meet Sebi criterion on directors - Disinvestment not a forgotten word in 2009 - ICICI, Citi among 17 in race to manage NMDC issue - RIL again largest wealth creator, Unitech the fastest: Study - Rio Tinto to make first iron ore shipment in India, to Essar - 6 of top 10 cos add Rs 24k cr in m-cap; Airtel biggest gainer "The government of India has desired to complete the process of disinvestment of 8.38 per cent of paid-up equity in NMDC, out of government"s shareholding through further public offer in the domestic market during the current financial year," NMDC said in a filing to the Bombay Stock Exchange (BSE). As part of its disinvestment programme, the government is proposing to offload 8.38 per cent of its stake in NMDC through a follow-on public offer (FPO). As of September quarter, the government held about 98.38 per cent in NMDC, and the rest were with the public. Shares of NMDC rose 4.55 per cent over previous close to a high of Rs 433 in the afternoon trade on the BSE.


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