Archive for September, 2009

  • Oil India Limited IPO Oversubscribed 31 Times

    The OIL India IPO that concluded on Thursday, September 10, 2009, was oversubscribed as many as 31 times. The IPO that planned to raise Rs. 2,782 crores received as much as Rs. 86,000 crores. The primary reason for this demand seemed to be due to the lower valuation compared to its rivals ONGC and Cairn [...]

    Posted in Business - 11 September 2009 - No comment

  • Jet Airways Pilot Strike Day 3: End of Standoff In Sight?

    This is the 3rd day of the Jet Airway’s strike and looks like there could be some compromise reached finally. So far, 10 pilots have been sacked, over 28,000 passengers stranded, over 700 flights canceled and millions of rupees worth of business flushed down the drain.
    The management seems to have agreed to reinstate the four [...]

    Posted in Business - 11 September 2009 - No comment

  • Delhi School Stampede in Khajuri Khas: Children Killed, Who is To Blame?

    Five girls were killed and at least 27 other students injured in a stampede triggered by rumors about a short circuit due to water logging in a government-run school in Khajuri Khas, North East Delhi on September 10, 2009.
    The incident was reported from Government Senior Secondary School in Khajuri Khas.
    “Five girl students were killed in [...]

    Posted in Education - 10 September 2009 - No comment

  • Marine Drive Mumbai India: Chowpatty Beach, Intercontinental Hotel

    Marine Drive is perfectly curved boulevard in South Mumbai. This, about 4 mile drive, along the coast of the Arabian Sea, is one of the star attractions of people visiting Mumbai.  During the nights with the street lights shining, the C-shaped stretch shines and looks like a necklace, when viewed from the top. This has [...]

    Posted in Maharashtra - 10 September 2009 - No comment

  • Oil India IPO: Public Listing of Oil India Limited

    Oil India Limited is a Government run company. It produces 3.5 million tonnes of oil annually. They came out with a public offering last week, this is day 2. The Initial Public Offering which initially invited bids for 2.64 crore shares received bids for over 3.80 crores shares, 44% over the subscribed limit. Most of [...]

    Posted in Business - 10 September 2009 - No comment
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