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Punjab govt to review 18 IT SEZ projects
After having launched a new IT policy this month offering incentives to attract investments in the sector, the Punjab government will now review the proposed 18 IT SEZ projects and IT parks in a meeting tomorrow to decide on "serious" IT players.

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Fifty years ago, opponents used to complain that the young Mikhail Tal’s “hypnotic” gaze added to the psychological pressure caused by his dynamite sacrifices. Hungarian-US GM Pal Benko took to wearing wraparounds when playing Tal. Tal was amused but the shades prompted complaints from others, who were distracted.

News of the day

Konda Surekha resigns as minister
Minister for women development and child welfare Konda Surekha submitted her resignation to Governor ND Tiwari on Thursday. The minister stated she had resigned as she was unable to continue in a cabinet without former chief minister YS Rajasekhara Reddy. Ever since the death of YSR, Surekha has been pitching for the chief ministership of YS Jaganmohan Reddy, the late chief minister"s son. She had even said earlier that she would resign if Jaganmohan Reddy was not made the chief minister.
Public Relations

Godrej Properties IPO over-subscribed 1.13 times on debut

Godrej Properties Ltd"s public offer, through which the realty developer expects to raise up to Rs 500 crore, got over-subscribed 1.13 times on the first day of issue today. - Sensex ends down 102pts on weak global cues - Sensex recovers partially; Tata Steel sheds 4% - Climate change affected over a dozen species: Report - Markets near day"s low - Markets subdued on global cues - Sensex down 50pts in early trades The IPO received bids for over 87.68 lakh shares of the company against 77.32 lakh equities on offer for public, the latest data with the National Stock Exchange (NSE) shows. Godrej Properties has entered the capital market with a total issue size of 94.29 lakh equity shares, which includes anchor investor portion of 16.97 lakh shares, in the price range of Rs 490-530 per piece. Yesterday, the company raised nearly Rs 90 crore through issue of shares to four anchor investors. The Mumbai-based real estate developer expects to garner up to Rs 499.77 crore at the upper end of the IPO price band. The issue will close on December 11. The IPO proceeds would be utilised for acquiring land, construction of projects and repayment of loans. The company currently focuses on residential, commercial and township developments. ICICI Securities and Kotak Mahindra Capital are acting as global coordinators and book running lead managers, while IDFC-SSKI and Nomura Financial Advisory and Securities (India) are the book running lead managers to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.


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