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Popular Articles

Water resources department plan ceiling at Rs 2,222 crore
The annual plan ceiling of the water resources department (WRD) for 2010-11 has been fixed at Rs 2222.64 crore. It is the highest among all the departments.

Committee to examine fee structure of IITs
A high level committee appointed by the IIT Council will revisit the fee structure as part of its mandate to assess how the revenue could be increased for the premier institutes.

News of the day

Not standing on ceremony
BJP President Nitin Gadkari doesn’t believe in standing on ceremony. So, while the normal protocol is that meetings are held in the office/residence of the senior-most official in the meeting, Gadkari surprised most by attending a meeting on Bihar at party MP Shahnawaz Hussain’s Delhi bungalow. Gadkari is also quite corporate in the way he carries his visting cards and hands them over to visitors with a “Hi, I am Nitin Gadkari. You can call me Nitin.”
Public Relations

Godrej Properties listing on Jan 5

Realty developer Godrej Properties will be listed on the Bombay Stock Exchange (BSE) on January 5. - Panel seeks black-listing L&T, Siemens; Infy"s Murthy not spared - AIG Asia unit listing to raise up to $20 bn: report - Investors lap up DB Corp IPO - Godrej Properties fixes IPO price at Rs 490 - Cox & Kings makes an impressive debut - Godrej Properties IPO over-subscribed 1.13 times on debut With effect from January 5, the company would list about 6.98 crore equity shares with a face value of Rs 10 each, the BSE said in a circular. The company fixed the issue price for its IPO at Rs 490 a share--the lower-end of price band, while the IPO was priced in the range of Rs 490-530 per share. The offer, opened on December 9 was subscribed four times and closed on December 11, raising Rs 462 crore. The realty firm, which is promoted by Godrej Industries and Godrej & Boyce Manufacturing Company, intends to use the offer proceeds to acquire land, new projects and to repay loans.


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