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. 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. BhartiAirtel to re-brand 'Airtel', to spend Rs 300 crores Sunil Mittal'sBhartiAirtel 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. 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. 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.
