Deshmukh takes over as new CLB chairman NEW DELHI: Retired Chattisgarh High Court judge Dilip Rao Saheb Deshmukh on Friday assumed charge as the Company Law Board Chairman,four days ahead of his scheduled joining date,as the arrest of presiding chairman R Vasudevan left the board crippled. See how fast we act (on joining of the new CLB chairman), corporate affairs minister Salman Khurshid said. Reliance Capital to acquire Quant Capital MUMBAI: Anil Ambani group's financial services arm Reliance Capital today said it will acquire brokerage and equity research firm Quant Capital,but did not disclose the financial details of the deal. Following the acquisition,operations of Quant Capital would be integrated with that of Reliance Equity International Ltd,a wholly owned subsidiary of Reliance Capital. Hindalco QIP issue price at Rs 130.90 MUMBAI: Hindalco Industries Ltd,the flagship company of the Aditya Birla Group,on Friday said it has fixed Rs 130.90 a piece as the issue price for qualified institutional placement (QIP) of its equity shares. The company has determined November 26 as the closing date of the issue and Rs 130.90 per share as the issue price,Hindalco said in a filing to the Bombay Stock Exchange. Adani gets nod to raise Rs 4K cr via QIP MUMBAI: Adani Enterprises on Friday said it has received approval from its shareholders for upsizing the amount to be raised through share sale to qualified institutional buyers (QIBs) to Rs 4,000 crore from Rs 1,500 crore which was planned earlier. The members of the company have given their approval for enhancing the present limit of issue of shares or instruments convertible into shares to QIBs to the overall amount up to Rs 4,000 crore,Adani Enterprises said in a filing to the Bombay Stock Exchange. Franklin Templetons new income fund MUMBAI: Franklin Templeton Investments (India) is launching a new open-ended income fund that seeks to provide high return and stability of capital. Templeton India Income Opportunities Fund (TIIOF) would be open from December 1 to 10 during which units would be available at Rs 10 per unit,the company said in a statement here on Friday. ABG offer for Great Offshore on Dec 3 MUMBAI: ABG Shipyard on Friday said its open offer for 32.12 per cent stake in offshore drilling firm Great Offshore will now commence on December 3. In a filing to the BSE,ABG Shipyard,which had earlier made an open offer at Rs 520 a share,said its plans to acquire over 1.25 crore shares in Great Offshore. It will begin on December 3,2009,instead of the previously scheduled August 13,2009. BSNL cuts tariff on web conferencing NEW DELHI: BSNL on Friday announced a heavy reduction in web conferencing tariffs. BSNL Web Conferencing Service is a new value-added service provided to its broadband subscribers. BSNL Web Conferencing rates will now be available at Re 1/per minute or even at lower rates.
