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Top law officers ask NTPC to move SC on RIL gas row
India"s top two law officers have advised NTPC to move Supreme Court at once to secure gas at a contracted price from Reliance Industries (RIL), a position in variance with Oil Ministry"s plea on the Ambani borthers" gas dispute.

Sargent appointed as GE Capital Asia-Pacific head
General Electric"s financial services arm GE Capital has appointed Steve Sargent as the President and CEO for its Asia Pacific operations.

News of the day

Biofuel role limited, says Ramesh
Biofuels have a limited role in India due to land limitation and food security issues, Environment Minister Jairam Ramesh said today, a view which differs from the official line pushing for a 20 per cent blend of such fuel in gasoline and diesel by 2017.
Public Relations

Edserv Softsystems gets shareholders' nod for raising funds

Education solutions provider Edserv Softsystems today said it has received approval from its shareholders to raise funds through various options, including issuing securities of up to $500 million (about Rs 2,200 crore) in the overseas market. - Godrej seeks shareholders" nod to buy Godrej Sara Lee - Adhikari Bros completes 100% FCCB buyback - 2009 a mixed year for primary markets - IPO saga: Promoters garner Rs 20k cr; public gets Rs 20 cr - Overseas borrowings slip from October high - 17 FCCB violations investigated, says govt The shareholders, at the extra-ordinary general meeting of the company held today, approved the "issue of American/Global depository receipts or FCCB (foreign currency convertible bonds) not exceeding a sum of $500 million," Edserv said in a filing to the BSE. They also approved the "power of the company to mortgage or hypothecate the assets of the company whether movable or immovable up to a sum not exceeding Rs 2,000 crore", it said. Shareholders also approved the company"s plan to borrow up to Rs 2,000 crore from various avenues.


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