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Viceroy Hotels to raise Rs 70cr via QIP
Viceroy Hotels Limited, a city-based hospitality player, is planning to raise an amount of up to $15 million (approximately Rs 70 crore) through a qualified institutional placement (QIP) of equity shares not exceeding 10 million of Rs 10 each at a premium.

Spectrum policy under fire in RS
The Opposition on Thursday lambasted the telecom ministry, alleging that the 2G spectrum allocation to mobile operators resulted in a loss Rs 60,000 crore to the exchequer, a charge rejected by the government. Leader of Opposition Arun Jaitley said in the Rajya Sabha that the difference in the valuation of spectrum awarded by the government in 2007 to private players and the value realised in transaction with foreign companies in each case had been minimum Rs 6,000-7,000 crore.

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Car buyers now face longer waiting periods
Manufacturers report unexpected post-festival surge in demand.
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One Joshi too many

Once the dust settles over the arrest and release of UP Congress chief Rita Bahuguna Joshi, it is expected she will be replaced soon. Apart from the crassness of her remarks, the party feels that since B L Joshi has been appointed as the state’s governor, it would be a good idea to appoint an OBC as the party chief in the state.


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