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HDFC: Cashing in at the right time
The cost at which home loan major HDFC is borrowing Rs 4,000 crore — 7.15 per cent for two years and 7.85 per cent for three years — is very reasonable. The money will come in handy for the company to subscribe to warrants of HDFC Bank for an estimated amount of Rs 3,600 crore. The qualified institutional buyers (QIBs) who have bought the non-convertible debentures (NCDs) are also entitled to warrants, which can be converted into shares within three years at Rs 3,265 per share.

CEO pay: Khurshid leaves it to the board
Making it clear that it does not want to play the regulator by intervening in executive remuneration, the government today said the board is the appropriate body for it, but opined it needs to be ensured that such decisions are taken democratically.

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Whirlpool Q3 net up by two fold
Home appliance maker Whirlpool today reported over two-fold increase in its profit after tax (PAT) at Rs 16.16 crore for the quarter ended on December.
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B'lore airport traffic tops 9.3 mn

Bengaluru International Airport said passenger traffic would top 9.3 million in the calendar year 2009 with cargo handled during the 12 months estimated at 161,896 tonnes. - GVK Power buys L&T"s 17 per cent BIAL stake - GAIL buys LNG cargo for $6.65 per mmBtu - Vizag port allows pvt workers for cargo handling - MPSEZ receives LOI for developing non-LNG port - Pvt ports set to overtake govt-run majors - Cargo vessel sinks in Arabian sea, all crew members safe The present ‘daily traffic movements’ are 280, the airport said in a statement. Based on the air traffic figures, an upward trend has been reported since July this year.


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