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ArcelorMittal issues $750mn convertible bonds
Global steel giant ArcelorMittal today said it has raised $750 million (Rs 3,500 crore) through issue of convertible bonds by its wholly-owned arm based here.

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UBS warns of Q2 loss; plans to raise $3.5 bn
Swiss banking major UBS is looking to raise 3.8 billion Swiss francs (about $3.5 billion) through issue of fresh shares and has warned of second quarter losses.

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Unitech net profit falls 22% in Q4
Unitech Ltd, the country’s second-largest property developer, reported a decline of 22 per cent in its consolidated net profit for the quarter ended March 31 to Rs 279.7 crore, compared with Rs 360.2 crore for the corresponding period last year. Net profit for the full year 2008-09 also fell 28 per cent at Rs 1,197.7 crore, compared with Rs 1,661.9 crore for the corresponding period last year. Revenue for the year came down 23 per cent, to Rs 3315.6 crore, as compared with Rs 4,280.1 crore for the corresponding period last year.
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Ten US varsities tie up with IDP

In a bid to attract more Indian students to the US, ten universities from the US have collaborated with IDP Education, a student placement service provider. - US universities welcomed for joint ventures: PM - Coffee with BS: Peter Varghese">Coffee with BS: Peter Varghese - Sibal keen to forge alliance with US varsities - Number of Indian students to Australia may fall by 50%: IDP - Rajesh Tandon: Educational route to Australia">Rajesh Tandon: Educational route to Australia - Australia to provide India details of attacks on Indians IDP Education has also become one of the first organisations in the world to be certified by the American International Recruitment Council (AIRC) . AIRC is a non-profit standards development organisation with the US Department of Justice and the Federal Trade Commission that consists of US institutions. IDP"s first set of tie ups with US Universities are Ashland University, Bellarmine University, Chaminade University, Dean College, Fisher College, Keck Graduate Institute, Lewis University, Saint Francis University, St. Michael"s College and University of Mississippi. IDP Education is jointly owned by 38 Australian universities and is the co-owner of IELTS.


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