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Aditya Birla Nuvo in talks with global PE investors
Aditya Birla Nuvo is in talks with global private equity players Blackstone, Carlyle and KKR to sell shareholding in its proposed holding firm for its financial services business. The financial services holding company will house its asset management, insurance, stock broking, wealth management and private equity businesses.

Don't be bold on gold
- Getting rid of government controls - For the risk-takers - High on expectations - Commodity to the rescue - Policy to guide infra growth - Betting on bonds

News of the day

Sensex firms' earnings seen up 20% in Q3
After the near-flat growth in the first two quarters quarters, the third-quarter earnings of the 30 Sensex companies are expected to increase by 20 per cent, indicate analysts from Angel Broking, IDFC-SSKI and Motilal Oswal.
International Business

Astrosat all set to be launched next year: Isro

India’s first science satellite Astrosat is all set to be launched next year, former chairman of Indian Space Research Organisation (Isro) Madhavan Nair said today. - ISRO earned Rs 100 cr from foreign satellite launches - ISRO to launch 8 foreign satellites; also eyes acquisitions - Vast scope for research on moon: ISRO scientist - "Bhuvan should be accessed by different organisations" - Isro working on rural health - NASA signs agreement with ISRO for use of Indian satellite One more satellite ‘Aditya’ to study Sun’s coronal mass ejection (CME) would be launched in two years while the science mission to planet Mars by 2013, Nair said, addressing a galaxy of scientists from India and abroad and the student community at the Grand Finale function of Bhabha Centenary celebrations, which concluded today. The multi-wavelength astronomy mission Astrosat on an Indian remote sensing satellite-class satellite in a 650-km, near-equatorial orbit would be launched next year, he said, adding it will be launched by the Indian launch vehicle PSLV from the Sriharikota launchpad. The expected operating life time of the satellite will be of five years. ‘Adiyta’ will be launched in next two years to study the properties of CMEs, that are gigantic bubbles of electrified gas that billow away from the Sun.


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