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Business Briefs

JSW Energy offer

Mumbai, Dec. 7: JSW Energy’s Rs 2,700-crore initial public offering was subscribed 1.25 times on the first day of the offer today, signalling that investor appetite has not faded in the primary markets even though the secondary markets were a bit bearish. The issue was fully subscribed within the first few minutes of opening, according to market sources.

Nestle deal

Mumbai, Dec. 7: Nestle’s board of directors has approved the proposal to acquire the nutrition business of Speciality Foods India and the deal will be effective from January 1, 2010. “The board of directors at its meeting held on December 7, 2009, inter alia, has accepted the proposal of Speciality Foods India Pvt Ltd for acquisition of its healthcare nutrition business,” Nestle India said.

Dunlop case

Calcutta, Dec. 7: Calcutta High Court today allowed Dunlop to remove finished products from its factory premises till December 14. The court also asked the state government to inform it by December 14 whether Dunlop will continue to have the status of “relief undertaking company”.

Tata Steel

New Delhi, Dec. 7: Tata Steel has witnessed a 35 per cent rise in sales to 4.98 lakh tonnes in November against 3.7 lakh tonnes in the same month last year, mainly on the back of improved demand from the construction and white goods sectors.

BSNL roaming

New Delhi, Dec. 7: State-run BSNL today slashed its national roaming charges and offered two options — 49 paise per minute or one paise per second.

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