Noida based chemicals and drug maker Jubilant Organosys failed to witness good response to its buy back offer for all its outstanding foreign currency convertible bonds
(FCCBs) worth $241 million. The firm said, in a filing before Bombay Stock Exchange, that it would buy FCCBs worth $3 million due in 2010 with total cash of $2.55 million.
The firm received bids worth $48 million only for buy back shares via FCCB tender offer.
Leading commercial note book maker, HP India launched a new Elite Book Notebook PC series, targeting high class business professionals in corporate sector.
The notebooks, with 15 hour battery life, are provided with all day to day use facilities and designed to withstand instant temperature increase, vibrations and humidity problems, using cutting edge technology in its manufacturing process.
Public sector major National Aluminium Co Ltd seeks 15 per cent import duty on Aluminum coming from China in order to save the interest of domestic industry, facing tough situation under the impact of global slowdown and recession like conditions across the world. Government has also expressed concerns over increase in aluminium import in recent times from China.
NALCO's chairman, C. R. Pradhan, said, "They may fix it at 10 percent, 15 percent or they may fix it higher. A 10-15 percent duty at present scenario will protect the prices
(from falling)."
New York - A group of bondholders at the centre of General Motors Corp's struggle to survive have criticized the US carmaker's restructuring efforts, the Wall Street Journal reported Thursday.
GM faces pressure to strike a deal that would reduce its 27 billion dollars in debt by March 31, or risk losing 13.4 billion dollars in government loans.
The carmaker this week said it may need as much as 16.6 billion dollars more in emergency federal funds to survive a massive industrywide downturn since October.
The ongoing BCCI-Sony controversy, over sponsorship deals for IPL matches, paves a way for resignation of Sony Entertainment CEO, Kunal Dasgupta. BCCI, while tightening noose around Sony, also threatened to terminate the broadcaster's IPL rights if its losses are not met by the broadcaster. BCCI believes that deal of Airtel with Sony is the main reason for walked out of Reliance-ADAG, leading large scale revenue loss to the cricket control body.
Noida based chemicals and drug maker Jubilant Organosys failed to witness good response to its buy back offer for all its outstanding foreign currency convertible bonds 
Leading commercial note book maker, HP India launched a new Elite Book Notebook PC series, targeting high class business professionals in corporate sector.
IT major Vishal
Public sector major National Aluminium Co Ltd seeks 15 per cent import duty on Aluminum coming from China in order to save the interest of domestic industry, facing tough situation under the impact of global slowdown and recession like conditions across the world. Government has also expressed concerns over increase in aluminium import in recent times from China.
New York - A group of bondholders at the centre of General Motors Corp's struggle to survive have criticized the US carmaker's restructuring efforts, the Wall Street Journal reported Thursday.
The ongoing BCCI-Sony controversy, over sponsorship deals for IPL matches, paves a way for resignation of Sony Entertainment CEO, Kunal Dasgupta. BCCI, while tightening noose around Sony, also threatened to terminate the broadcaster's IPL rights if its losses are not met by the broadcaster. BCCI believes that deal of Airtel with Sony is the main reason for walked out of Reliance-ADAG, leading large scale revenue loss to the cricket control body.
