Popular Articles

Boy in a bubble
When a family reports that their six-year-old son has accidentally floated away in a homemade helium balloon, the result is frenzied media coverage and nationwide sympathy for the stricken parents, accompanied by copious church-going (in addition to a small number of harassed papas and mamas mulling the possibility of constructing similar dirigibles for their own little Damians). When it turns out that there was no one in the vagrant balloon and that the kid was munching biscuits in the attic all the while, there is relief, along with puzzlement. But when it later transpires that the publicity-hungry parents had concocted the whole story just to get their own reality TV show, the reactions really heat up.

Will fix tariffs in non-CAS areas by May 30: TRAI to SC
Telecom regulator TRAI, which is doubling as broadcasting regulator too, has informed the Supreme Court that it would complete fixing tariffs for cable and TV operators in areas not having conditional access system by May 30, an official said.

News of the day

Ackruti City raises Rs 302 cr through QIP issue
Realty player Ackruti City has raised over Rs 302 crore through the issue of over 60 lakh equity shares by way of institutional placement basis.
Management

Jindal Power files DRHP with Sebi

Jindal Power, a subsidiary of Jindal Steel & Power (JSPL), has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a public issue of equity shares through 100 per cent book building method. - DB Corp: Regional edge - Jindal Power lines up Rs 65k cr projects - Jindal Power plans second biggest IPO - Power rules IPO market - Jindal Power plans IPO to raise Rs 10k cr - Temasek, Sequoia eye Prestige"s pre-IPO sale Jindal Power proposes to raise Rs 7,200 crore and intends to utilise the net proceeds of the issue to part finance the construction and development of various thermal power projects and partly for the general corporate purposes. JM Financial Consultants, Enam Securities, Deutsche Equities India, Goldman Sachs (India) Securities, ICICI Securities, UBS Securities India and SBI Capital Market are acting as the book running lead managers to the issue while Motilal Oswal Investment Advisors is acting as co-book running lead managers. JSPL is engaged in the manufacturer of steel and captive power generation.


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