Weekly news

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Weekly news

  1. 1. WEEKLY NEWS Submitted by:- AMRIT GILL
  2. 2. 12 Nov, 2010, 12.35PM IST,ET Bureau & Agencies Power Grid FPO fully subscribed in retail portion • Power Grid Corp of India's share sale worth up to $1.7 billion was fully subscribed in the retail portion of the offering, exchange data showed on Friday. • The offer, priced at Rs 52, had been subscribed 65 times, mobilising around Rs 41,223 crore. • The share price of Power Grid Corporation of India had declined by 4% on November 8 (Monday) to close at 98.4
  3. 3. Raja scam at Rs1.7L cr but DMK says no need to resign • Despite the growing pressure on the Congress to take action against Telecom minister A Raja , key ally DMK has refused to budge from its position . • Maintaining that Raja followed all the regulations of TRAI, Elangovan said that the report by the CAG was not foolproof and could be wrong
  4. 4. Bharti Airtel to re-brand 'Airtel', to spend Rs 300 crores • Sunil Mittal's Bharti Airtel is going in for a mega brand change of Airtel for which the company will spend Rs 300 crores globally. • The new look of the brand is expected to have a swoosh locked with the word Airtel. The way Airtel is written may also change, it is not expected to have a capital 'A' under the new brand. The red colour, though, will still be dominant in the new brand. • Airtel's re-branding is done by the agency J Walter Thompson .
  5. 5. FDI to decide HDFC life listing • HDFC standard life insurance has put off its listing plans until the government relaxed foreign investment norms. UK life insurer Standard Life Insurance holds the maximum permissible 26% in the life insurance venture with mortgage giant HDFC. • If government relaxes foreign investment limits to 49% as expected Standard Life will subscribe to its full entitlement.
  6. 6. FDI to decide HDFC life listing • HDFC standard life insurance has put off its listing plans until the government relaxed foreign investment norms. UK life insurer Standard Life Insurance holds the maximum permissible 26% in the life insurance venture with mortgage giant HDFC. • If government relaxes foreign investment limits to 49% as expected Standard Life will subscribe to its full entitlement.

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