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'Institutions have not kept pace with global issues'
S M Krishna / October 4, 2009, 0:45 IST

Bombay Rayon Fashions to raise funds via GDR
Bombay Rayon Fashions is planning to raise funds through a GDR issue. In a communication to the exchanges, the company said that its board has approved issue of upto 1,90,00,000 Global Depository Receipts (GDRs) representing equivalent underlying equity shares at a par value of Rs 10 at an issue price of $ 5.11 per GDR. The GDR will be open for subscription to persons resident outside India, on November 11, 2009.

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FIIs net buyers Rs 348cr in F&O on Monday
The Foreign Institutional Investors (FIIs) were net buyers of Rs 347.87 crore in futures and options segments on Monday.
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Mallya elected President of Aeronautical Society of India

Kingfisher Airlines chief Vijay Mallya has been elected President of the Aeronautical Society of India, replacing former Chairman of Hindustan Aeronautics Limited Ashoke Baweja. - Winning formula - Force India releases Fisi, no "financial settlement" involved - Mayday, mayday - Jet"s pact with Kingfisher yet to gather pace: Goyal - Indian Grand Prix would boost motorsports: Mallya - Formula One to focus on India, track foundation in Oct The Society is a body of serving and former professionals in the areas of aeronautics, aerospace and aviation and its primary purpose is to promote exchange of ideas and innovations in the fields of science, technology and management. In the elections a week ago, Joint Director General of DGCA R P Sahi was appointed the Chairman of the Delhi Branch of the Society. DGCA Director Lalit Gupta, Head Projects and Corporate Affairs of Interglobe GA Debashis Saha, former Director (Planning) of Air India Ashok Bhushan, Senior General Manager of Jet Airways A K Sivanandan and former DGCA chief HS Khola, who was also the former Society President, were reappointed to the Executive Committee.


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