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Gammon Infra hikes stake in Vizag Seaport
Gammon Infrastructure Projects has acquired 22.8 million shares of Vizag Seaport (VSPL) increasing its stake in the firm to 73.76 per cent and made it a subsidiary of the company.

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Asian markets end mixed
Asian markets ended mixed today. The Hang Seng added 122 points to 20,244. The Nikkei was up seven points at 10,205.

News of the day

Smart Portfolios shine in holiday week
The Smart Portfolios registered healthy gains last week in line with a pull back in the broader markets. The benchmark index, S&P CNX 500, was up 3.61 per cent in the holiday-shortened week. An investment of Rs 10 lakh at the start of the Smart Portfolios on September 1, 2009, is today valued at Rs 11.20 lakh, an appreciation of almost 12 per cent. This week, barring Praveen Panjwani, other three fund managers were able to match the benchmark’s return.
International Business

Jyoti Basu in hospital, condition stable

Nonagenarian Marxist patriarch Jyoti Basu was admitted to a hospital today after he fell unconsious following acute breathing trouble. - Soaring optimism - Achuthanandan declines to toe party line in graft case - Historical correction - Jyoti Basu unable to vote for the first time - Jyoti Basu, 94, the YouTube star - CPI(M) won"t do as well as in 2004, Karat tells EU envoys The condition of Basu, who turned 96 on July 8, is now stable, doctors attending on him said. Basu fell unconscious this morning at his Salt Lake residence "Indira Bhavan" following acute breathing trouble, his aide Joykrishna Ghosh said. Doctors were called in immediately and the former chief minister was rushed to AMRI Hospital, where he is in the ICCU, he told PTI. Basu is under observation of a medical board which treated him when he fell ill about three months ago. Doctors said his condition was stable and his echocardiography was conducted. Basu"s son Chandan, former Lok Sabha speaker Somnath Chatterjee and his protege state transport minister Subhas Chakraborty went to the hospital to inquire about his health.


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