Mumbai: Air India will raise $1.1 billion to fund its new aircraft acquisition programme and meet working capital requirements, the national carrier said on Tuesday, on the day it sacked 10 pilots who went on mass sick leave and derecognised their union. The sum will include $300 million for its subsidiary Air India Charters Ltd, which operates the low-cost Air India Express, and bridge financing of around $500 million for...
12:50 AM, May 09, 2012
HYDERABAD: Telangana region is set to become the capital of anaemia, according to Dr V Janaki, asst. Prof. in gynaecology at Niloufer Hospital. More than 20 percent of girls are dying, and more than 40 percent of the female population is affected with the disease in the region, she said.Speaking at a media conference here on Sunday to promote awareness about anaemia and its manifestations, Janaki said girls especially in...
07:55 AM, May 07, 2012
Early in 2011, Baskar Babu, CEO of Suryoday Micro Finance, felt the heat of being in a sector that financiers didn't fancy. The sector's growth depended on supply of credit from banks, and that had dried out. A year earlier, the Andhra Pradesh government had passed a law that, in effect, brought down the recovery rates in the state to a single digit from 95 per cent earlier. Bankers feared...
12:07 PM, May 02, 2012
Kolkata: Known as a pragmatic Marxist, former West Bengal chief minister Buddhadeb Bhattacharjee on Sunday sang the old tune, saying capitalism would ultimately give way to socialism. "Capitalism will give way to socialism. It will create social ownership and usher in the end of class differences," Bhattacharjee, a CPI(M) politburo member, said at a function here to mark the 142nd birth anniversary of Vladimir Lenin. He, however, did not gave...
12:29 AM, Apr 23, 2012
THIRUVANANTHAPURAM: Thiruvananthapuram, the State capital, is the capital of divorce cases too, according to the data provided by the State Government. The district saw 6,000 divorce cases in 2011 in its two family courts, at Thiruvananthapuram and Nedumangad.From body odour to infidelity, anything can be a reason for separation, according to the data from various divorce cases filed last year. Majority of the cases sprout from the problems of adjustment...
11:14 AM, Mar 09, 2012
New Delhi: The city of Indore witnessed the third case of gangrape in the last 7 days as the modesty of a 30-year-old woman was allegedly outraged on Friday, letting people to ask is Indore becoming the new rape capital of the country? The incident may sent shock waves to the local administration as the police suspect the involvement of a policemen in the case. However, police has registered an...
09:16 AM, Feb 25, 2012
San Francisco: Josh Buckley, chief executive of an online gaming start-up, is looking forward to next month's Game Developers Conference in San Francisco, particularly for the parties and the accompanying schmoozing with industry A-listers. There's one problem: Buckley, who will turn 20 this week on February 22, may be turned away from many of the parties because he is not old enough to drink. His fake ID was recently confiscated,...
02:05 PM, Feb 21, 2012
Hong Kong: L Capital Asia, the private equity arm of the world's biggest luxury goods group LVMH Mot Hennessy Louis Vuitton SA, could begin raising a new fund of more than $1 billion this year, as competition from Western brands creates opportunities to invest in Chinese retailers, its top executive said. "The reason we want to do a larger fund next time is primarily because opportunities in the segment are...
02:12 PM, Feb 17, 2012
New Delhi: Industrial production grew by just 1.8 per cent year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth. Factory output growth, as measured by the Index of Industrial Production (IIP), was at 8.1 per cent in December 2010. Output of the manufacturing sector, which constitutes over 75 per cent of the index, rose at a lower rate of 1.8...
12:01 PM, Feb 10, 2012
New Delhi: The CPM has committed a sacrilege. The party has said that China is rife with growing inequalities, unemployment, regional imbalances and above all corruption. Stating that what is happening in China are "trends alien to socialism", the party has called for "socialism with Indian characteristics". This dramatic change in perception, which could be called the "mother of all U-turns", has appeared in the latest ideological document prepared by...
12:04 PM, Feb 07, 2012
Watch the discussion on whether Delhi is ready to become the cultural capital of the world. ...
08:10 AM, Jan 27, 2012
As a gloomy New Year for investors starts off, here are some home truths about risk and returns. Satyajit Das Profile: He is an expert on financial derivatives and risk management Known for: His book 'Traders, Guns and Money' was almost prescient in the way it foresaw the troubles of corporate India with derivatives in 2007 Investors approach investment in the same way that Woody Allen approached the subject of...
01:36 PM, Jan 10, 2012
New Delhi: Delhi witnessed an upward trend in crime graph for the third consecutive year in 2011 as it registered a four per cent increase compared to the previous year, prompting police to earmark special measures to combat street crime besides strengthening anti-terror mechanism. Though there was a dip in street crime like snatching and vehicle theft cases, heinous crimes were on the rise in the capital last year compared...
05:59 PM, Jan 06, 2012
Mumbai: Within a day of slipping out of the coveted league of countries with trillion-dollar-size stock markets, India on Wednesday regained this status as a 510-point strong Sensex rally boosted its market capitalisation to $ 1.02 trillion. Helped a surge in the stock and rupee valuations, the total size of Indian market stood at Rs 53, 79,250.96 crore ($ 1,024.62 billion). However, the market size remains barely above the trillion-dollar...
12:59 AM, Dec 22, 2011
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
