-GMR is looking to list its holding companies. 7500 crores to be raised. GMR Energy IPO to fetch Rs1000 Crores.
-Air India insured with $8.4 billion with a premium of $24.23 million with Reliance general insurance. New India Assurance claims that the airline was partial towards Reliance General Insurance.
- Network 18 has received the Foreign Investment Promotion Board (FIPB) nod to induct Rs 119 crore and to up its foreign institutional investment (FII) limit from 13% to 49%.
-Jet Airways loosing 6$million everyday : ED Saroj Dutta.- CNBC TV18.
-Global companies loosening there strings. Hence major world IT players such as Accenture and IBM have been getting bigger clients like BP. This brings in good news for IT professionals in the country. Accenture HR Head however told CNBC Tv18 that it shall only go to the campuses after the 8th semester to get in the required talent.
-Citigroup has put in and additional $200 million in Citi Financials, it Indian subsidiary. Managers of the company have been restructuring the company. They are as of now restructuring uncollateralized debts and building a secure portfolio.
-REI agro Board okays rights issue of Rs1500 crores.
-Bharti and MTN have reached a USD 24 billion preliminary agreement and the deal is expected to be completed by the end of the month, reports CNBC-TV18 quoting sources.
-Mahindra Satyam reinstates variable pay for 28000 employees.
-Dabur to launch new products in the country. To push in new strategies to increase the sales of its health-care products.
-ING Vysya Bank raised Rs 410 crore via a qualified institutional placement (QIP) issue that closed on September 7
-Opto circuits has raised Rs325 crores through the QIP route. The company plans to use 30% of the money to reduce its debt.
-Harley Davidson to enter India. Anoop Prakash, CEO Harley Davidson India says that the company plans to make the country the largest market for Harley Davidson in the next ten years as the demands from its current largest market, Japan, has been slowing down. The also plans to enter the Indian textile industry and sell Bike merchandise.
