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Popular Articles

Hanging up my shoes
Taking in a pair of broken Reeboks turns out to be less than pleasant.

Pune hoping for herd immunity against swine flu
With the city earning the dubious distinction of having the largest number of swine flu victims in the country, a heavily burdened health care apparatus is banking on development of herd immunity to combat the pandemic.

News of the day

Bhupesh Bhandari: Royal challenge
Ranibai Rajaram Chhabria, the mother of the late Manohar Rajaram ‘Manu’ Chhabria, has challenged in court the merger of Shaw Wallace with Vijay Mallya’s United Spirits, the Press Trust of India reported a few days ago. She has claimed that her son died intestate seven years ago and under Hindu Law she is entitled to a fifth of his estate, it said.
Business Ideas

Kingfisher Airlines to raise $100 mn

Vijay Mallya-led Kingfisher Airlines board today approved an enabling resolution to raise $100 million (nearly Rs 487.8 crore) by various fund raising instruments. - L&T Finance public offer gets encouraging response - Austral board meets on Sept 3; to mull raising $200mn - Reliance Private Equity to close Rs 1,500 cr fund by Sept - Air travellers can now move to higher class at lower cost - ING Vysya board nod for fund raising plans - Fund raising by realty-focused PEs slows, slumps 72% in Q2 The company board has approved that the funds be raised through various instruments including Global Depository Receipts (GDRs), Kingfisher Airlines said in a filing to the Bombay Stock Exchange (BSE). The proposal is subject to shareholders" approval, the filing added. This is in addition to the decision for induction of capital for an amount not exceeding Rs 500 crore by a rights issue of equity shares taken at the last board meeting held on July 28. Further, the board has also approved to raise the authorised share capital of the company to Rs 1,000 crore from Rs 500 crore, subjected to shareholders approval, the filing added. Shares of Kingfisher Airlines closed at Rs 48.20 on the BSE, up 1.05 per cent from its previous close.


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