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Sobha Developers raises Rs 527 cr through QIP
Construction firm Sobha Developers today said it has raised Rs 526.89 crore through qualified institutional placement (QIP) by allotting over 2.51 crore equity shares of Rs 10 each.

Great Offshore win may create capital constraints for Bharati
Bharati Shipyard will face working capital constraints for six months to a year, say analysts, as the competitive open offer bids made by the company and its rival for control of Great Offshore are getting over on Tuesday. A six-month battle, which saw Bharati gradually increasing the open offer price to Rs 590 a share from the initial offer of Rs 344 a share made in June, has increased the acquisition cost burden for the 20 per cent stake by an additional Rs 200 crore.

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Hike ONGC, OIL gas price by 33%: OilMin
Price may be raised to Rs 4,250 per mBtu.
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Amar rules out withdrawal of resignation

Senior Samajwadi Party leader Amar Singh today ruled out withdrawing his resignation from party posts, but said he would no longer ‘slog’ for the organisation like he used to. - Jeera futures prices likely to firm up - No differences with Mulayam: Amar Singh - Amar Singh rules out withdrawal of resignation - Muslim MLAs demand Amar Singh"s expulsion - Aditi Phadnis: Keeping the SP together">Aditi Phadnis: Keeping the SP together - Amar Singh defends Pawar on price rise issue There was no clarity whether he would attend the ongoing Saifai Mahotsav where he would meet party chief Mulayam Singh Yadav face to face for the first time since he resigned from the general secretaryship of the party. The Saifai Mahotsav, being held in Mulayam’s ancestral village for the last five years, is attended by several Bollywood stars. “All the speculation and hype that I am angry is unnecessary...The resignation that I have tendered, I am not going to take back,” Singh said. Singh’s comments came after party chief Mulayam Singh Yadav yesterday refused to accept his resignation. The two leaders spoke to each other this morning and during the conversation, Yadav invited Singh to join the festival, which started today. Playing down any strains in his relationship with Yadav, Singh said his resignation should not be been seen as a “revolt” against the party. “Mulayam Singh has consistently given me due recognition, he has given me preference over Ram Gopal Yadav (party general secretary),” Singh told a TV news channel, adding he did not want to force Yadav to choose between his family and the party.


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