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Current stock price of Great Offshore unsustainable: Analysts
As the takeover battle between Bharati Shipyard and ABG Shipyard for Great Offshore heats up, analysts feel it is the right time for retail investors to book profits as the fundamentals of the target firm"s stock do not support sustainability of its current price.

India can't quiz Headley, Rana due to legal issues in US: Jones
The US, which foiled a major terror plot by LeT to target India, has said it would be forthcoming with details of the case but cited legal limitations in allowing Indian investigators to quiz the two arrested operatives David Coleman Headley and Tahawwur Rana.

News of the day

Monsters in the closet
Jai Arjun Singh / New Delhi November 07, 2009, 0:35 IST
Management

Valecha Engg board to discuss fund raising plans

Infrastructure development firm Valecha Engineering today said its board will meet on November 27 to consider raising of funds through international markets. - IRB Infra to raise Rs 1,200 crore - Dish TV announces pricing of GDR offering - Gemini Comm lines up Rs 180 crore - Bombay Rayon Fashions to raise funds via GDR - Kingfisher to raise $600 mn, mostly to pay off debt - IOL Netcom gets board nod to raise Rs 1,250 cr The board would meet to consider raising of funds through the issue of American Depositary Receipts, Global Depository Receipts and Foreign Currency Convertible Bonds, Valecha Engineering said in a filing to the BSE. Shares of Valecha Engineering were today trading at Rs 118.35 on BSE, down 1.42 per cent from its previous close.


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