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Somnath, B'wood, Shiv Sena leaders on LeT hit list: FBI
In a new disclosure, the Federal Bureau of Investigation has said that the famous Somnath temple in Gujarat, Bollywood stars and Shiv Sena leaders in Mumbai were also the targets of Lashkar-e-Taiba, which was planning to carry out strikes with the help of two Chicago-based residents of Pakistani origin.

OECD region jobless rate climbs to 8.6% in August
Reflecting a strained labour market even as signs of economic recovery are rising, the unemployment rate in the OECD region rose to 8.6 per cent in August.

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IRDA makes disclosure of independent directors' pay mandatory
The Insurance Regulatory and Development Authority (IRDA) has made it mandatory for insurance companies to disclose the remuneration of independent directors as part of its steps towards improving corporate governance.
International Business

IPO subscribed 1.27 times

The initial public offer (IPO) of Oil India Ltd (OIL), the second-largest state-run oil and gas company, was subscribed 1.27 times on the first day of its opening for subscription today. It is the third-largest IPO this year after NHPC and Adani Power Ltd, which raised around Rs 6,000 crore and Rs 3,000 crore, respectively. - Oil rises in Asian trade on improved sentiment - ONGC to up oil output at Imperial - Central Bank, 9 others to be out of BSE IPO Index - Bulls chase oil marketing firms after Oil India road show - Chennai Petro to set up Rs 3,500 cr resid upgradation unit - BSE to exclude 10 cos from recently launched IPO Index The price band of OIL IPO has been set at Rs 950-1,050. The company will raise around Rs 2,777 crore at the upper end of the band and Rs 2,512 crore at the lower end. The company received over 33.70 million bids for over 26.44 million shares on offer. Bids for over 212,000 shares were received at the cut-off price. The qualified institutional buyers portion was subscribed over 2.13 times whereas the retail portion was subscribed 0.05 times. The IPO has been assigned a grade of 4 out of 5 by rating agency CRISIL, indicating sound fundamentals. The last date for subscription is September 10 and the share are likely to be listed on stock exchanges in the last week of this month.


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