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Dual-sim phones on Nokia's radar
Mobile phone major Nokia today indicated that multi-sim mobile handsets were on the anvil for the Indian consumers with expansion in demand.

Indiabulls Power IPO subscribed 6 times on Day 1
Indiabulls Power IPO was subscribed 5.95 times on combined (BSE +NSE) basis.

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Not an inch of land to SmartCity for sale: Kerala CM
Kerala Chief Minister VS Achuthanandan today firmly told the Dubai-based promoters of the proposed SmartCity IT project that his government would not hand over even “an inch of land” to them with the right to sell.
International Business

GVK Power acquires 12% in Bangalore Airport

GVK Power and Infrastructure acquired 12 per cent of Bangalore International Airport for Rs 484.59 crore. - Power & Infra gets board nod for raising Rs 1,800 cr - GVK Power promoter pledges 4.37% stake GVK Airport Developers, the wholly owned subsidiary of the company, acquired this stake from Flughafen Zuerich AG, said the company in a statement to the National Stock Exchange. The above acquisition will be completed upon obtaining necessary consents. The company has also entered into a strategic alliance agreement (SAA) with Unique Airports Worldwide AG (Zurich Airport) to collaborate for new airport projects in Indian sub-continent. The company had reported a 45.19 per cent increase in net profit to Rs 44.23 crore for the second quarter ended September 30, 2009. Revenues increased over four-fold to Rs 492.32 crore during the quarter from Rs 109.49 crore.


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