Categories

Business Ideas
Business Opportunities
Corporate
Home Business
International Business
Management
Online Business
Public Company
Public Relations
Small Business

Popular Articles

'India can cut emission intensity by 20-25%'
But no binding commitments, Ramesh reiterates to Parliament.

payday loans online
Singur land not 'formally' sought: Industry minister
The West Bengal government had not sought return of the land at Singur from Tata Motors ‘formally’, said West Bengal commerce and industry minister Nirupam Sen, a day after Ratan Tata said the government had not approached for the land. Speaking on the sidelines of a seminar organized by Assocham in association with the Bengal Chamber of Commerce & Industry and Merchants’ Chamber of Commerce, Sen said, though the government had not formally asked for the land, the company had been informed about the Bhel proposal and later the Railways proposal. Sen said, unless the Railways submitted a formal proposal, the government would not ask for the land back. With Sen’s comments, it appears that Singur was once again in limbo, as Railways has made it clear that it would not visit the land as it belonged to Tata Motors.

News of the day

Bajaj Hindustan erases gains on deal call-off
Bajaj Hindustan erased its gains following news of the deal being called off. The stock ended absolutely flat at Rs 197. The counter witnessed trades of over 3.70 million shares.
Public Relations

Persistent Systems revives IPO plan

Reviving its plans to hit the capital market, software product development services firm Persistent Systems, has filed a Draft Red Herring Prospectus (DRHP) with market regulator the Securities and Exchange Board of India (Sebi) to offload around 5.42 million equity shares. - Persistent sets up CoE for Android platform applications - Raja to review BSNL"s financial performance, IPO plans - MCX to revive IPO plans; may soon file fresh prospectus - BPCL shelves IPO plans for its subsidiary - Vijay Kelkar on TCS board - JSW Steel zooms on robust growth in steel prod The Pune-based IT firm had planned a listing in 2008, but a reversal of fortunes on the stock market led by the global economic meltdown made the company defer its initial public offer (IPO). "With significant growth in recent years and stabilising economy, we feel this is the right time for us to re-enter the capital market," Persistent Systems Chairman and Managing Director Anand Deshpande said in a statement. The issue comprises a net issue to the public of around 4.88 million equity shares of Rs 10 each and a reservation of up to 5.4 lakh equity shares of Rs 10 each for eligible employees. The issue would constitute 13.55 per cent of the fully diluted post issue paid-up capital of the company. Deshpande said, the issue proceeds are proposed to be utilised to expand development facilities in Pune and Nagpur and investments in hardware and software infrastructure. The company also proposes to use the funds to set up development facilities in an SEZ unit through its wholly-owned subsidiary apart from allocation to the general corporate purpose. Persistent Systems specializes in software product development services and currently conducts its business in Pune, Nagpur, Hyderabad, Goa and overseas in Canada, Japan, Germany, the Netherlands and UK. It has business presence through its subsidiaries in the US and Singapore.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):

© Copyright 2009