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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.

Reddy to seek financial assistance from Centre
Andhra Pradesh will seek financial assistance, including an additional Rs 2000 crore under NREGA, from Centre to meet the drought situation prevailing in the state.

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JMM claims support of BJP, AJSU to form government
BJP to announce decision today after legislative party meet
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Yale, Harvard, MIT buy Sibal's plan

Ivy League colleges – Yale, Harvard, Princeton and the Massachusetts Institute of Technology – have approached the ministry of human resources development to collaborate in the proposed Innovation Universities across the country, official sources said. - An "exit strategy" for the "new normal" - Why Mukesh Ambani and Steve Jobs make better CEOs - Mukesh Ambani ranked 5th best CEO in the world - Mukesh Ambani ranked 5th best CEO in the world - Coffee therapy - Foreign varsities welcome but can"t make profits: Sibal These universities are a part of the ministry’s “brain gain” policy to attract talent from all over the world. Human Resources Development Minister Kapil Sibal had last August announced that 14 Innovation Universities will be set up in the country under the 11th Five-year Plan (2007-12). During his visit to the US in October, Sibal had met senior functionaries of three top universities – Harvard, Yale and MIT – and had discussed the prospects of them setting up Innovation Universities in India in partnership and collaboration with Indian institutions. Sam Pitroda, the well-known technocrat and the head of the National Knowledge Commission, is learnt to be drafting the details for establishing the Innovation Universities. “Pitroda will soon meet Prime Minister Manmohan Singh and discuss the matter. An announcement on the details could come up during the Republic Day ceremonies,” said a source close to the development. The ministry is also looking at public-private partnerships for establishing some of the Innovation Universities. This means that these universities would be autonomous, and outside the purview of the University Grants Commission or the All India Council for Technical Education.


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