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Airtel Lanka achieves 1 mn customers, services in Wanni soon
Telecom major Airtel today said it has achieved 1 million subscribers in Sri Lanka in a record 171 days of launching services, making its subsidiary Bharti Airtel Lanka the fastest growing service provider in the Island nation.

V V: Rediscovering the history of India
Christopher Hill (1912-2003), the brilliant British Marxist historian, reminded us that history and politics were two sides of the same coin. Which meant that historians were primarily interested in ideas not only because they influence societies but also because they reveal the societies that give rise to them. It also means that since politics is always in a state of flux, history had to be rewritten in every generation because, although the past doesn’t change, the present does; each generation asks questions of the past and finds new areas of sympathy as it relives different aspects of the experiences of its predecessors. Some such motivation has given rise to the recent crop of “revised” Indian histories from Ramachandra Guha’s India After Gandhi, Sunil Khilani’s The Idea of India and Nandan Nilekani’s Imagining India. And now we have Meghnad Desai’s The Rediscovery of India (Allen Lane/Penguin Books, Rs 699) that traverses the same passage of India from colonialism to a modern state.

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ING writes to Irda on move to split biz
ING will sell its stake in the life insurance business by 2013 as part of its ongoing Back to Basics programme by moving towards complete separation of its banking and life insurance operations.
Business Opportunities

Adhunik Metaliks raises Rs 137 cr via QIB issue

Steel products maker Adhunik Metaliks today said it will raise over Rs 137.13 crore by issuing around 1.39 crore shares to qualified institutional buyers (QIB). - PNB to raise Rs 700 cr via bonds issue - Bajaj Hind EGM on Dec 16 for raising Rs 2,000 cr - Kumar Urban Dev to raise Rs 450 cr through IPO - Norwest Venture Partners raises $1.2 bn for PE fund - Hindalco gets shareholders nod for raising Rs 2,900 cr - REI Agro raises $105 mn through FCCBs The committee of the board of directors at its meeting on Friday decided to allot 1,39,60,400 equity shares at a price of Rs 98.23 per piece to the qualified institutional buyers, Adhunik Metaliks informed in a regulatory disclosure. The committee also decided to close the bid for the QIB issue on November 20, it said. The company manufactures steel products, including auto steels, bearing steels, spring steels, carbon steels, cold heading steels, shape steels, free cutting steels and stainless steel. It also manufactures alloy steel, engineering quality steel, forging quality steel and special steel, which find application in auto components and ancillaries customised to respective customer needs. Shares of the company closed at Rs 99.25, down 1.68 per cent from the previous close on the BSE.


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