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Raj Bhavan hopes
Three states, Andhra Pradesh, Rajasthan and West Bengal, don’t have governors. ND Tiwari resigned and vacated the Raj Bhavan in Hyderabad recently. Gopal Krishna Gandhi quit the Raj Bhavan in Kolkata and Jaipur is vacant after the death of former foreign secretary SK Singh. The result is that various people in the race are making rounds of politicians they think will give them a leg-up to the post. Finance Minister Pranab Mukherjee’s residence is obviously one pilgrimage centre. Watch this space for more on this front.

Glenmark raises Rs 413 cr in QIP
Glenmark Pharmaceuticals has raised Rs 413 crore through its recently concluded Qualified Institutional Placement (QIP), which will be used towards its debt reduction plan, a top company official said.

News of the day

Not the right time
Business Standard / New Delhi August 26, 2009, 0:43 IST
Business Opportunities

US markets rally; Genpact surges 8%

US markets have rallied on Thursday as economic data boosted confidence in the recovery. - Sunita Narain: Waste deep in water">Sunita Narain: Waste deep in water - US markets end off day"s high - Windows 7 sales touch 3.5 per cent - US markets mixed, Tata Communications tank - Exports drop by 13.8% in September - US markets edge up on fresh data The Dow Jones industrial average jumped 204 points (2%) to end at 10,005.96.The Nasdaq Composite Index rose 50 points (2.42%) to close at 2,105.32.All the Indian ADRs ended on an extremely positive note. Genpact rallied 7.5% to $13.97. Patni Computers surged 7% to $21.04 and MTNL zoomed 6% to $3.19, respectively. Tata Communications advanced 3% to $15.55 and Sterlite was up 2% at $17.02, respectively.


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