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Govt to allow private funding in setting up universities
In a significant move, the government has decided to allow private funding in setting up some of the proposed 14 national universities, which would be of world class standards.

Firms put plans on hold in AP
The Telangana agitation has forced several companies including Bharat Forge, Lakshmi Mittal Group and NTPC-BHEL join venture to either put their expansion plans on hold or explore other states.Addressing the media here on Tuesday after a meeting with industry representatives, chief minister K Rosaiah said Bharat Forge, which planned to set up a nuclear power plant equipment unit at Nellore at an estimated cost of Rs 2,500 crore, was considering Gujarat.

News of the day

Govt seeks public opinion on draft consumer policy
The government has formulated a draft national consumer policy with an aim to ensure that goods, services and technology are available to the consumers at reasonable prices and good quality.
Public Relations

Godrej Properties fixes IPO price at Rs 490

Godrej Properties today fixed the issue price for its initial public offer at Rs 490 a share at the lower-end of the price band, to garner over Rs 460 crore. - Reliance Life IPO likely in Q1 of next fiscal: Ghosh - DB Corp: Regional edge - Cox & Kings soars on day one of listing - Govt scouts for lead-managers for NMDC selloff - Cox & Kings makes an impressive debut - Jindal Power lines up Rs 65k cr projects The company has fixed the issue price at Rs 490 a share for offering 94.29 lakh equity shares to public, aggregating to Rs 462.05 crore, Godrej Industries said in a filing to the Bombay Stock Exchange. The realty firm, which is promoted by Godrej Industries and Godrej & Boyce Manufacturing Company, would use the proceeds for acquiring land, construction of projects and repayment of loans. The company had already raised Rs 90 crore through issue of 16.97 lakh shares at a price of Rs 530 a piece, to four anchor investors including The Royal Bank of Scotland and JF India Fund. Godrej Properties IPO was subscribed nearly four times on the final day of its public subscription on December 11. The company had appointed ICICI Securities, Kotak Mahindra Capital as the global coordinators and book running lead managers, while IDFC-SSKI and Nomura Financial Advisory and Securities (India) were the book running lead managers to the issue.


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