After dodging a bullet and almost being defeated late last year, Prime Minister Stephen Harper’s Conservative government recently tabled their much anticipated budget. It included a massive $85 billion deficit over the next five years. The Liberals have proposed an amendment that would hold the government more accountable, in order to ensure that budgetary funds […]
Satyam buyer likely to face 3 year lock-in
The government-appointed board of Satyam Computer Services is considering the option of imposing a lock-in clause while making a preferential allotment to a strategic investor. The proposed move is aimed at discouraging frivolous buyers. “One option is to have a three-year lock-in on 26% of the preferential allotment of shares to be made to a […]
Condom line snaps for Mercator, other SMEs.
The new eligibility criteria instituted by the Union health and family welfare ministry in the tender document issued recently appear to favour the larger condom manufacturers at the cost of smaller ones. Industry sources say the changes could put over half-a-dozen small and medium enterprises (SMEs) completely out of business, endangering the livelihoods of around […]
The costliest Bat ever in the history
Melbourne: The legend of Cricket, Sir Don Bradman’s bat which he used in his first test match got a record price of $1,21,500 at auction on Wednesday. The buyer’s name was undisclosed and the bat was signed by the entire Australian and Enlish team of the year 1928-29 which won the series 4-1. “This is […]
India: Post CPI(M) Exit, Manmohan Singh Starts Reforms Again
As was expected, free from the shackles of CPI(M) and Left Parties, the Manmohan Singh Government has started asserting itself. In the first reform after winning the confidence vote, the government today appointed three private asset management companies (AMC) to handle the provident fund corpus of about Rs.2.5 lakh crore ($62.5 billion) from 40 million employees […]
Vodafone won’t bid for MTN
Vodafone Group Plc, the world’s largest mobile-phone company, won’t bid for MTN Group Ltd, Africa’s biggest wireless operator, and said it’s still interested in owning more of South Africa’s Vodacom Group Ltd. “We have no intention of pursuing a bid for MTN,” Vodafone spokesman Simon Gordon said in a telephone interview today. The Sunday Times […]
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