New Delhi, Feb. 27: Commodity exchange MCX has fixed the price of its initial public offering at the upper end of the band at Rs 1,032 a share, raising about Rs 663 crore from the flotation. Drawing a huge investor response, the IPO was over-subscribed more than 54 times attracting bids of about Rs 36,000 crore.
New Delhi, Feb. 27: A PIL (public interest litigation) was filed today in the Supreme Court demanding a CBI probe into the recent Vedanta-Cairn energy deal in which Vedanta acquired the shares of Cairn India with the government’s approval on January 24, 2012.
Mumbai, Feb. 27: The pre-tax profit for HSBC, the country’s second-largest foreign lender by branch network, rose 22 per cent to $813 million in 2011 on the back of an impressive show by its global banking and markets division.
New Delhi, Feb. 27: Air India’s board today approved a proposal to slash business class seats and increase economy seats on its Airbus fleet. Business class seats will be brought down in 34 Airbus aircraft, including A320s and A319s.
