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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.

Doha trade talks resume in Geneva
Trade talks resumed in World Trade Organization (WTO) headquarters at Geneva today, 10 days after 30 ministers broke the impasse on Doha negotiations, aimed at reaching a global pact for opening $32 trillion international commerce.

News of the day

Interest rates unlikely to rise in FY10: Bankers
When Reserve Bank of India Governor D Subbarao meets top bankers in the customary pre-policy meeting on October 12, he can draw comfort from the fact that a majority of the bankers think interest rates may not be hiked till the end of the financial year.
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Basu's son deplores rumours

Marxist veteran Jyoti Basu"s son Chandan Basu today said he felt bad about the rumours being spread about the health of his father, who was critically ill in a hospital here with pneumonia. - Basu on ventilator, condition "very critical" - Basu"s condition turns serious - Jyoti Basu in hospital, condition stable - As Mamata wields knife, Pranab has a cakewalk - T N Ninan: VIPs & development">T N Ninan: VIPs & development - Jyoti Basu in hospital, condition stable "Our family members are feeling bad about the rumours being spread about his health, especially by some websites. I request the media not to spread such rumours," Chandan told reporters at the private AMRI Hospital at Salt Lake after visiting his 95-year-old father. "His condition has improved. A bronchioscopy has been done and the result is good. His other health parameters have also improved. I hope he will be all right," he said. CPI-M politburo member Biman Bose who also visited the hospital, said rumours about Basu"s health should not be spread. Film actor Mithun Chakraborty, after visiting Basu, said he was responding to medication.


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