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L&T tumbles on fall in net
The scrip ended 3.5% lower at Rs 1,472. The counter clocked volumes of 13.97 crore as compared tp the two-week daily average traded volumes of 3.78 crore shares on the BSE.

Zain-y
Emerging-market telecoms: Emerging-market telecoms are in hot demand – so much so that the valuation attributed to Kuwait-based operator Zain Telecom by a consortium of Asian investors seems, well, zany.

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Tata Power completes FCCB allotment
Tata Power today announced the completion of allotment of $300 million Foreign Currency Convertible Bonds (FCCBs) on November 20.
Management

Gets warning against 'illegal mining'

The Centre today warned the Vedanta group that it can be prosecuted if it resorts to “illegal mining” of bauxite at Niyamgiri in Orissa since it has been given only in-principle approval. “They have got environmental approval in-principle. They have not got full forest clearance. If mining is taking place in Niyamgiri, then it is illegal,” Environment and Forests Minister Jairam Ramesh said in the Rajya Sabha.Replying to a debate on the working of his ministry, he said the ‘in principle’ nod given to the group would not mean sanction for the mining operations. - Pressure mounts on Vedanta Resources - Harbinger backs Sterlite in Asarco acquisition - ABG increases open offer price for Great Offshore - 27 people quarantined in Pune - Govt to reduce water, air pollution - Govt issues new guidelines to contain swine flu Ramesh said all applications for mining in forest areas would require not only the forestry clearances but also evidence that provisions of the Tribals Rights Act have been complied with.


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