Hong Kong: Yahoo Inc. has agreed to sell half of its 40 per cent stake in Chinese e-commerce group Alibaba for about $7.1 billion, securing a financial lifeline for the struggling US Internet company. The deal, announced Sunday in the US, will see Alibaba Group buying back the stake from Yahoo Inc. for $6.3 billion cash and up to $800 million of Alibaba preference shares. The announcement caps at least...
10:10 AM, May 21, 2012
New Delhi: 'Kai Po Che!', the film adaptation of Chetan Bhagat's bestseller 'The 3 Mistakes Of My Life', will come out Jan 11, 2013. The movie, produced by UTV Spotboy and directed by Abhishek Kapoor, promises "dollops of fun, friendship, masti, and highlights the coming of age of a group of three middle class youths," said a statement from the production house. It features Sushant Singh Rajput, Raj Kumar Yadav...
07:23 PM, May 18, 2012
Mumbai: Hours after 'Rock On!!' director Abhishek Kapoor tweeted that he's shooting 'Kai Po Che', the movie adaptation of Chetan Bhagats novel 'The 3 Mistakes Of My Life', followers were curious about the cast of the film. The protagonists Govind, Ishaan and Omi will be played by TV actor Sushant Singh Rajput, actor Raj Kumar Yadav (of MMS Ragini fame) and TV actor Amit Sadh. The three actors were chosen...
06:16 PM, Apr 29, 2012
New Delhi: The name of the movie based on the book 'The 3 Mistakes of My Life' is revealed. Chetan Bhagat, the author of the book, has revealed the name of the film on micro blogging site Twitter. He tweets," So the name of the movie based on the 3 Mistakes of my life is 'Kai Po Che'. He also announced a contest simultaneously. Bhagat tweets," What does #kaipoche mean...
03:28 PM, Apr 25, 2012
New Delhi: Author Chetan Bhagat on Monday revealed the first look of the film based on his novel the '3 Mistakes of My Life' on Twitter. The character Ishaan is seen wearing a white T-shirt with his name printed on it and standing with his back to the camera. "The Exclusive: Still from the 3 Mistakes movie. What say?" Bhagat tweeted adding that his new display picture was in honour...
07:16 PM, Apr 23, 2012
Mumbai: After directing super hit musical 'Rock On!!', director Abhishek Kapoor will wield the magaphone for his next untitled movie based on the novel 'The 3 Mistakes Of My Life' and says it will go on floors this month. "I have locked the script. We are ready to roll the cameras. We are going on floors from this month (April)," Abhishek told IANS. The '3 Mistakes Of My Life' is...
07:56 PM, Apr 09, 2012
Mumbai: Tycoon Vijay Mallya, scrambling to raise funds to rescue his ailing Kingfisher Airlines Ltd, is considering the sale of all or part of his stake in United Breweries (UB), his flagship beer business, to Dutch brewer Heineken NV, said people familiar with the situation. They added that Mallya has the option of selling a stake in UB to ease his financial woes, and Heineken would be a keen buyer...
07:15 PM, Mar 29, 2012
Mumbai: The government owned gas utility GAIL India Ltd is evaluating several proposals for equity stakes and long-term supply deals in the United States, Middle East and Southeast Asia, its chairman said on Saturday. The company's strategy is part of the country's efforts to secure overseas energy supplies to satisfy rising domestic demand. Gail signed a deal with US-based Cheniere Energy in December to buy 3.5 million tonnes of LNG...
01:14 AM, Mar 25, 2012
New Delhi: Ratings agency Moody's on Monday said the result of the Government stake auction in ONGC has tarnished the image of the oil major. On March 1 the Government had auctioned 5 per cent of its stake in ONGC. "The result of the ONGC auction highlights how the Government's own weak finances and policies tarnish the perceived value of the companies it owns," Moody's said in a statement. Although...
08:47 PM, Mar 05, 2012
Mumbai: A high base or floor price may have played spoilsport in the government's ambitious ONGC stake sale which fell woefully short of the over Rs 12,400-crore target, market experts said on Thursday. High-profile foreign investors apparently stayed away from the auction wherein there were bids for only two-third of the 42.7 crore shares on offer. "Government cannot bully FIIs," a top analyst said on the Rs 290 per share...
08:23 PM, Mar 01, 2012
New Delhi: The government is set to raise at least Rs 12,500 crore by selling a 5 per cent stake in Oil & Natural Gas Corp (ONGC) on Thursday, aiming to patch up its widening fiscal deficit and revive its stalled privatisation agenda. The government on Tuesday decided to fix a floor price for ONGC stake sale at Rs 290 per share of face value of Rs 5 that could...
06:34 AM, Mar 01, 2012
New Delhi: Running against time to meet the Rs 40,000-crore disinvestment target, the Centre on Tuesday decided to offload 5 per cent stake in ONGC through auction route on March 1 at a likely floor price of Rs 290 a share that could fetch the Exchequer about Rs 12,000-13,000 crore. "The ONGC stake sale through the auction route (will take place) in couple of days," Oil Minister Jaipal Reddy told...
10:55 PM, Feb 28, 2012
New Delhi: The government cleared stake sale in its Navratna PSU ONGC on Wednesday. The divestment has been cleared by the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee. Sources say five per cent government stake in ONGC will be offloaded. This is the first divestment cleared by the government in nearly nine months. The EGoM will meet again to decide on the timing of the divestment....
02:09 PM, Feb 15, 2012
New Delhi: The Government may auction 5 per cent stake in Oil and Natural Gas Corp, the nation's biggest energy explorer, to raise about Rs 12,000 crore. A Group of Ministers (GoM) is likely to meet later this month to take a final call on the issue, an oil ministry official said in New Delhi. The Government had in November last year put on hold a proposal to sell 5...
10:26 PM, Feb 06, 2012
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