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Gammon India to raise Rs 958.6 crore in QIP
Construction and engineering firm Gammon India today said it had decided to raise $200 million (Rs 958.6 crore) in qualified institutional placement (QIP) in accordance with Sebi rules. The board of directors took a decision to this effect at its meeting held on Friday, Gammon India said in a disclosure to the BSE.

PE players woo retail investors
Retail participants have provided relief to private equity (PE) players raising funds.

News of the day

Nasscom roots for alternate Vedic land
Industry body Nasscom today urged the West Bengal government to allot alternate land to information technology (IT) companies Wipro and Infosys, after the Vedic Village fiasco which led to scrapping of the 600-acre IT project at Rajarhat.
Public Relations

Air Arabia offers low fares from Indian destinations

Middle East-based air-carrier, Air Arabia, today announced special low fares from 13 destinations across India to its hub Sharjah and 46 stations, which the airline caters to globally. - DGCA sets up permanent panel to update aviation rules - Mid-air scuffle: AI suspends pilot, purser; forms probe panel - MEC appoints Enam Securities as its investment banker - Air India official carrier for Commonwealth Games - FIPB to consider Jet"s foreign fund raising plans - Jet may lease out two Boeing 777 aircraft The special fares come with the additional benefit of free baggage allowance of up to 20 kg and a hand baggage allowance of 7 kg. The special low fares, inclusive of all surcharges but excluding airport tax and fees, are applicable for travel upto March 31, 2010, a company press release said here. We are pleased to unveil the lowest fares for our customers in the region, Air Arabia"s Head of Commercial Department, A K Nizar, said in the release. With 46 destinations across the Middle-East, North Africa, Indian Subcontinent and Eastern Europe, Air Arabia passengers can choose from a range of compelling fares as well as holiday packages through Air Arabia Holidays, Nizar said. The low-cost airliner flies directly from its hub in Sharjah to Bangalore, Ahmedabad, Chennai, Jaipur, Kochi, Mumbai, Nagpur, Coimbatore, Thiruvanathapuram, Hyderabad, Kozhikode, Delhi and Goa.


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