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Archive: 27 October 2010

Posts in 27 October 2010

Finance Minister’s Address at EEC-2010

October 27, 2010 345 Views 0 comment Print

India recorded a GDP growth of 7.4 per cent in 2009-10. It has been further consolidated in the current fiscal year with growth in the first quarter estimated at 8.8 per cent. This is in line with the GDP projections of 8.5 ± 0.25 per cent growth in

Public issues by Insurance Companies/Preferential issue of equity shares or convertible securities or warrants to promoters and promoter group

October 27, 2010 532 Views 0 comment Print

In order to ensure uniform treatment for all classes of investors in rights issues, the Board decided that only one payment option may be given by the issuer to all the investors i.e. either (i) part payment on application with balance money to be paid in calls or (ii) full payment on application. The Board also decided that where the issuer opts for part payment, it shall be incumbent on them to obtain approvals, if any, as may be necessary for the purpose.

Satyam case- Supreme Court cancels bail to Raju

October 27, 2010 405 Views 0 comment Print

The Supreme Court today cancelled the bails granted to Satyam Computer founder B Ramalinga Raju, his brother B Rama Raju and four others by the Andhra Pradesh High Court in the Rs 14,000-crore accounting fraud. Hearing the CBI plea, a Supreme Court b

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