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Popular Articles

Cox & Kings' Aussie arm acquires 2 firms
Cox & Kings (Australia), the wholly-owned subsidiary of Cox and Kings (India), a travel and tour company, has bought MyPlanet Australia and Bentours International through a share sale agreement from First Choice Holdings Australia. The acquisition is being done through an ‘earn-out mechanism’ and is not being paid for from funds raised for acquisition from the company’s recent initial public offering (IPO).

Fix reasonable targets: Plan Comm to road ministry
Not impressed by the ambitious plans announced by Road Transport and Highways Minister Kamal Nath, the Planning Commission has advised the ministry to fix a “reasonable target” for construction of roads this year. “...Fix a reasonable target for award of contracts in the rest of the current year and raise it subsequently as soon as possible,” the commission said in a communiqué to the highways ministry. The commission pointed out to the ministry that it would not be able to award road construction contracts for more than 3,794 km in 2009-10, against a target of 12,652 km.

News of the day

Lupin to borrow up to Rs 500cr; appoints Deloitte as auditor
Pharma firm Lupin today said it will borrow up to Rs 500 crore from corporate bodies and various financial institutions.
International Business

Astrosat all set to be launched next year: Isro

India’s first science satellite Astrosat is all set to be launched next year, former chairman of Indian Space Research Organisation (Isro) Madhavan Nair said today. - ISRO earned Rs 100 cr from foreign satellite launches - ISRO to launch 8 foreign satellites; also eyes acquisitions - Vast scope for research on moon: ISRO scientist - "Bhuvan should be accessed by different organisations" - Isro working on rural health - NASA signs agreement with ISRO for use of Indian satellite One more satellite ‘Aditya’ to study Sun’s coronal mass ejection (CME) would be launched in two years while the science mission to planet Mars by 2013, Nair said, addressing a galaxy of scientists from India and abroad and the student community at the Grand Finale function of Bhabha Centenary celebrations, which concluded today. The multi-wavelength astronomy mission Astrosat on an Indian remote sensing satellite-class satellite in a 650-km, near-equatorial orbit would be launched next year, he said, adding it will be launched by the Indian launch vehicle PSLV from the Sriharikota launchpad. The expected operating life time of the satellite will be of five years. ‘Adiyta’ will be launched in next two years to study the properties of CMEs, that are gigantic bubbles of electrified gas that billow away from the Sun.


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