PSU float managers may have to keep off private rival's stake sale
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Merchant bankers managing public issues of a state-run company as well its private sector rival may be asked to ensure the two offerings are not scheduled close to each other.
MUMBAI: The Indian rupee strengthened on Tuesday, supported by the euro's gains against the dollar and firmer local stocks. At 10:30 a.m. (0500 GMT), the partially convertible rupee was at 45.48/49 per dollar, 0.4 percent above its close of 45.67/68 on Monday. "It might show strengthening bias today, given the EUR's moves and the rest of Asia," said Ananth Narayan G., head of fixed income, currencies and commodities for South Asia at Standard Chartered Bank in Mumbai. "But the central bank's fears about current account and foreign direct investment will keep the dollar supported eventually," he said. The euro held near a two-month peak in early Asian trade, with $1.37 firmly in its sight as the market showed only the barest signs of fatigue after a 6-percent rally in the past two weeks. ...
BANGALORE: India's largest mobile service operator Bharti Airtel is betting on the upcoming World Cup and Indian Premier League (IPL) to hook customers on to its 3G (third generation) service to view cricket matches live on their mobile phones . "We will pitch for more subscribers during the World Cup and IPL matches to flag our 3G service being rolled out, as they will be able to capture the exciting matches live from anywhere and when on the move," Airtel chief executive V. Venkatesh told IANS. Airtel is the main corporate sponsor for all international cricket series played in India during the next three years, bagging the rights at Rs.3.33 crore per match, covering Tests, one-day internationals (ODIs) and Twenty20 (T-20) games. The 10th International Cricket Council (ICC) World Cup ODIs ...
AHMEDABAD: Forecasting earthquakes, like the one that rocked Gujarat in 2001, could soon become a reality. A subterranean laboratory, that will take a closer look at reasons behind earthquakes, will be constructed at Koyna, Maharashtra, in the next 2-3 years. This lab, the first of its kind in the country, is seen as a crucial step towards predicting earthquakes. This subterranean laboratory at Koyna, where earthquakes recur, will have earthquake measuring instruments that will be deployed about 7 km below the earth. Koyna-Warna region is a unique site in the world where the seismicity, that reportedly began after the impoundment of Koyna reservoir in 1961, has continued for over 40 years. Since 1963, more than 100,000 earthquakes have been reported from Koyna-Warna region, states a paper that was presented at an international seminar on seismology organised by the Institute of Seismo...
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