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Twitter nears deal to raise $100 mn: report

Micro-blogging site Twitter is close to securing $100 million funding from about seven investors, a move which will make it a billion-dollar entity, says a media report.

Dubai storm: Realty IPOs to feel the heat

Domestic realty companies, which are planning to tap the primary market, may not see smooth sailing, as the Dubai debt crisis is likely to undermine investor confidence in the sector. As many as nine realty companies, including Emaar MGF, have filed their draft red herring prospectus (DRHP) with the market regulator, Sebi, aiming to raise about Rs 15,000 crore.

Fix reasonable targets: Plan Comm to road ministry

Not impressed by the ambitious plans announced by Road Transport and Highways Minister Kamal Nath, the Planning Commission has advised the ministry to fix a “reasonable target” for construction of roads this year. “...Fix a reasonable target for award of contracts in the rest of the current year and raise it subsequently as soon as possible,” the commission said in a communiqué to the highways ministry. The commission pointed out to the ministry that it would not be able to award road construction contracts for more than 3,794 km in 2009-10, against a target of 12,652 km.