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Open offers for Great Offshore conclude
Bharati Shipyard has received 10.2 million shares in the open offer made for acquiring an additional stake of 20 per cent in Great Offshore at Rs 590 a piece. The shares are equivalent to a stake of 27.5 per cent. Bharati had made the offer against ABG Shipyard’s counter offer to buy a stake of 33.8 per cent at Rs 520 a share.

Mega expansion of NREGS today
As vast parts of the country reel from the effects of a drought, the second UPA government will unveil a mega expansion of its flagship National Rural Employment Guarantee Scheme (NREGS) on August 20, which coincides with late prime minister Rajiv Gandhi’s birth anniversary.

News of the day

Durables companies fast-track single-brand stores
Mono-brand stores, or single-brand retail outlets, have become the new growth mantra for consumer durables companies. What was a trickle initially is fast turning into a deluge, with leading companies drawing up aggressive plans to scale up their presence through mono-brand stores.
Online Business

Asian markets end in green

Asian markets ended in the green today. The Hang Seng, dropped from its intra-day high to end with a gain of 115 points at 22,412. - Asian markets end firm - Asian markets have a dismal day - Asian markets end firm - Asian markets surge to 17-month high - Asian markets in green; Nikkei jumps - "2010 is going to be a difficult year" The Taiwan Weighted added 50 points to 8,324. The Straits Times was up 10 points at 2,933. The Seoul Composite was flat at 1,694. _______________________________________________ (Updated at 1100 hrs) The Asian markets continue to move in the positive zone. The Hang Seng has added 305 points or 1% at 22,601. The Straits Times added 0.5% at 2,940. The Seoul Composite and the Taiwan Weighted Index were up 0.5% at 1,702 and 8,323, respectively. ______________________________________________ (Updated at 0815hrs) Asian markets are trading in the green this morning. The Hang Seng has gained 285 points (1.2%) to 22,582. The Taiwan Weighted has jumped 48 points to 8,329. The Shanghai Composite and the Straits Times have added 0.4% each to 3,277 and 2,939, respectively. The Seoul Composite is flat at 1,702.


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