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Look where we are!
The Congress’ ‘outside supporter,’ Samajwadi Party (SP), joined the Left protest against the disinvestment policy of the UPA government in the Lok Sabha. The Congress-led UPA also showed aggression. Finance Minister Pranab Mukherjee told CPI(M) leader Basudeb Acharya, “Thank god we didn’t follow your policies. Otherwise, we would have occupied your position instead of leading the country today.” The Congress secured a record 206 seats in the 15th Lok Sabha while the CPI(M) recorded its lowest ever tally of just 16 seats.

Where you sit
Most people in public life know that where you stand depends on where you sit. When Additional Solicitor General Mohan Parasaran began arguing the government’s case in the fight between Mukesh Ambani’s Reliance Industries Limited (RIL) and Anil Ambani’s Reliance Natural Resources Limited (RNRL), he happened to sit on the same side as RNRL’s lawyers. Ram Jethmalani, who is one of RNRL’s lawyers, objected and said, “You should move to the other side (near the RIL lawyers) since this makes it appear that you (the government) are in collusion with me (RNRL).”

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Goldman plans to expand charity programme: report
Financial services major Goldman Sachs plans to expand a programme that would require executive and top managers to give a certain percentage of their earnings to charity, as it tries to soften criticism over bonus issue, says a media report.
Online Business

MBL Infra listing tomorrow; issue price at Rs 180

MBL Infrastructure, which raised about Rs 102.6 crore through its initial public offer (IPO), will list its shares on the bourses tomorrow. - DP World seeks London listing to improve valuations - DB Corp dazzles on Day 1 - Godrej Properties commands 9% premium on debut - JSW Energy makes a lacklustre debut - DB Corp to list on on Jan 6; issue price at Rs 212 - JSW Energy to invest Rs 40,000 cr in 8,000 MW projects The infrastructure developer, which entered the capital market with its IPO late last year, has fixed the issue price at Rs 180 per share--the upper end of its price band. MBL Infra"s public issue of 57 lakh equity shares of Rs 10 each was open for public subscription between November 27, to December 1, 2009, in the price range of Rs 165 to Rs 180. The public issue was based on 100 per cent book building process and was subscribed nearly two times. The company intends to utilise the IPO proceeds to part finance capital equipments and working capital requirements. Last week, three companies--JSW Energy, Godrej Properties and DB Corp--got listed on the stock exchanges. On its debut trading on the BSE, the share of JSW Energy closed at Rs 100.75, up by 0.75 per cent over the issue price, while Godrej Properties--the only realtor to hit the primary market in 2009--gained over 9 per cent, marking a blockbuster debut. The Mumbai-based realty developer settled its first day with a rally 9.09 per cent at Rs 534.55 on the BSE. Leading media house DB Corp, the third company to list on the bourses last week, made an enviable debut and zoomed about 27 per cent at close, making it the most successful listings in recent times, stunning analysts and the markets.


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