News posted by www.newsinfoline.com
Week 17: May 1-7May 2Ruias-owned Essar Energy raises $1.9 billion from its London IPO. The fund raised came at a lower price of £4.20 a share instead of its earlier offering of £4.50-5.50 a share. At about Rs 8,400 crore, this makes it India Inc's largest-ever overseas listing, and the biggest IPO to hit the London Stock Exchange since 2007.May 3As many as three India-origin persons, including PepsiCo chief Indra Nooyi, have been named among the highest paid CEOs of the 500 biggest American companies, says a list compiled by Forbes. H Lawrence Culp Jr, chief of diversified manufacturing and technology firm Danaher is at the top of the list. The three India-origin persons are Nooyi (93rd position), diagnostics entity Quest Diagnostics' Surya N Mohapatra (96) and software major Adobe Systems' Shantanu Narayen at 425th slot.UAL Corp, parent of United Airlines, will buy Continental Airlines Inc for $3.2 billion, forming the world's largest carrier in a merger that further shrinks the embattled US airline industry and could drive up air fares.may 4India has acquired Russian oil company Imperial Energy and bought equity stake in an oil field project in Venezuela through consortium route, it is said in the Rajya Sabha.UAE secures its reputation as one of the world's leading trading hubs, as per the latest HSBC Trade Confidence Index. UAE scores 134 points (last survey 118), the highest of all the countries surveyed, followed by India at 133 (last survey 117) and Vietnam at 132 (last survey 110).Insurance regulator IRDA, locked in a turf war with capital market watchdog SEBI over regulation of unit-linked policies, reemphasises that insurers should offer assured life insurance cover with ULIPs.May 5World stocks fall to eight-week lows and the euro hits a one-year trough on Wednesday as investors fret that a debt crisis would spread to other euro zone countries, following a massive bail-out for Greece. The European Union and International Monetary Fund agreed a 110 billion euro aid package for Greece at the weekend, but the promise has failed to calm markets.May 6The Sensex plunges 265 points at mid-session on heavy selling by funds on fears the euro zone debt crisis could take a toll on foreign inflows. The Nifty fell by 87.15 points to 5,037.75.The Washington Post Co is putting Newsweek up for sale in hopes that another owner can figure out how to stem losses at the 77-year-old weekly magazine.May 7In a severe blow to the Anil Ambani group seeking cheap gas from elder brother Mukesh-led RIL, the Supreme Court rules that government has the last word on pricing and utilisation of national asset. Giving its verdict on the four-year-old Ambani battle, a three-judge bench of the court headed by Chief Justice KG Balakrishnan said the government is the legal owner and that its production sharing contract overrules any previous MoU.The Supreme Court upholds the constitutional validity of a UPSC rule allowing merit list candidates, belonging to reserved category, to avail the quota benefit while choosing posts.
News posted by www.newsinfoline.com
Click here to read more news from www.newsinfoline.com
Please follow our blogs
newsinfolinephotogallery
prabugallery
newsinfolinephotogallery1
photogallery1
No comments:
Post a Comment