After attempting to stall the merger of Satyam Computer Services with Tech Mahindra in November, entities owned by IL&FS Engineering and Construction (formerly Maytas Infra) have now moved the Andhra Pradesh High Court seeking winding up of Satyam.
For industry, even though the electricity will be costlier than that produced with gas as fuel, it is a far better situation to be in than where they are now.
Referring to the adverse impacts that the EU crisis caused to global economy Pranab sought "innovative solutions to address our problems."
The fund house's assets have nosedived in the last two years to just Rs 5,000 crore, from over Rs 50,000 crore, prompting a revival plan which has included the induction of a partner.
A team of LIC Nomura MF led by LIC chairman DK Mehrotra is scheduled to meet Sebi's UK Sinha on Thursday to air their anguish and seek early approvals.
Several candidates, both applicants for new positions and those aspiring promotions, had moved the high court alleging irregularities.
Infrastructure firm Gayatri Projects has raised Rs 75.21 crore of funds through issue of fresh equity in favour of qualified institutional placement (QIP).
The joint venture, with an investment of over $500 million, is contemplating seeking compensation of over $800 million from the government.
The Malaysian govt still prefers to continue its alliance with GMR to bid for various global airport projects, said a senior Malaysian minister.
Satyam has agreed to pay $68 million to Aberdeen Asset Management and 22 other funds towards claims arising from accounting fraud.
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