Popular Articles

Vanita Kohli-Khandekar: Should media companies get into events?
The question the headline raises is being increasingly asked. Not because the trend is new, but because it is now more than eight years old. Across a range of segments from broadcasting (radio or TV), publishing or others, media companies that have got into the events business have seen somewhat disappointing results. The 4-10 per cent of topline brought in by the events doesn’t justify the effort put in by media companies. Think of it this way — selling a double-spread ad in a magazine or a half-page one in a newspaper gets better margins than the sponsorship for an event. http://smallpersonalloans.org.uk

Sensex slips again; realty index down 2%
The Sensex after attempting recovery has once again slipped into the red. The index is now at 16,677, down 108 points. The NSE Nifty is at 4,947, down 42 points.

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Bank chiefs plot regulatory response
Brian Moynihan, Oswald Gruebel and Josef Ackermann, leaders of some of the world’s biggest banks, met during the World Economic Forum in Davos, Switzerland, to plot how to reassert their influence with regulators and governments.
Public Company

NTPC to file DRHP with Sebi for FPO

State-run NTPC today said it will file the draft prospectus for its follow-on public offer with market regulator Sebi in December, a senior company official said. - Govt hopes to raise Rs 8,100 cr via NTPC divestment - NTPC likely to invest Rs 8,100 cr for renewable energy projs - NTPC to set up 2,640 Mw plant in Madhya Pradesh - Intrasoft Tech files DRHP with Sebi - NTPC to add 25,000 Mw capacity in 12th Plan - 1320 Mw TTPS expansion by 2010 "We will have to file the Draft Red Herring Prospectus (DRHP) with Sebi next month...We plan to hit the market by February," CMD NTPC R S Sharma told reporters on the sidelines of a power event. The Cabinet Committee on Economic Affairs had last month given approval for sale of five per cent government stake in the navratna PSU. After the 5 per cent stake dilution, the government"s holding in NTPC would come down to 84.5 per cent from the current 89.5 per cent. The government expects to mop up about Rs 8,100 crore from the market through this FPO, at the current market conditions. The proceeds from the FPO would go to the investment fund that finances social sector schemes. In 2004, NTPC had raised about Rs 2,700 crore through the initial public offering (IPO) when the government diluted 5.24 per cent of its stake.


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