Editor's Desk

With gathering steam from the demand for a grand stimulus package, it is learnt that the government is mulling an investment of Rs 1,00,000 crore in the infrastructure sector within the next two years. To bankroll the plan, the government may ask Infrastructure Investment Finance Company (IIFCL) to put together a corpus of over Rs … Read more INR 1 lakh cr for infra sector rescue package

Neyveli Lignite Corporation Board at its meeting held on December 26, 2008 have approved for the issue by way of private placement Secured Non – convertible Taxable Bonds for Rs 500 crore with an option to retain oversubscription of Rs 100 crore. And has also given in-principle approval to borrow the balance debt portion of … Read more Neyveli Lignite – Taxable Bonds for Rs 500 crore

Suzlon Energy Ltd has informed us that AE-Rotor Holding B.V (“AERH”), a wholly owned indirect subsidiary of the Company, has agreed on December 31, 2008 to sell 67,010,421 shares representing 10% equity interest in Hansen Transmissions International NV (“Hansen”) to funds managed by Ecofin Ltd, a London based specialised investment firm (together “Ecofin?). Following completion … Read more Suzlon Energy sells 10% in Hansen

V B Desai Financial Services Ltd (“Manager to the Offer”), on behalf of Motika Ltd (“Acquirer”) has issued this Public Announcement (“PA”) to the Shareholders of Shaily Engineering Plastics Ltd (“Target Company”), pursuant to and as required under Regulation 10 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, … Read more Shaily Engineering – Open Offer

Arihant Capital Markets Ltd (“Manager to the Offer”), on behalf of M/s Neverloose Properties & Investment Pvt Ltd (“Acquirer”), has issued this Public Announcement (“PA”) to the Equity Shareholders of Golkunda Diamonds & Jewellery Ltd (“Target Company”), pursuant to and in compliance with, among others, regulation 11(1) of the Securities & Exchange Board of India … Read more Golkunda Diamonds – Open Offer

India’s exports fell by 9.4%, to $11.5 billion in November 2008, against $12.7 billion in a corresponding month a year ago while imports increased by 6.1% in a period, to $21.5 billion compare to last year period. The country’s total exports grew by 19.4%, to $119.30 billion for the eight months ended November 2008 against … Read more India’s exports decline by 9.4% in Nov 2008