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Top law officers ask NTPC to move SC on RIL gas row
India"s top two law officers have advised NTPC to move Supreme Court at once to secure gas at a contracted price from Reliance Industries (RIL), a position in variance with Oil Ministry"s plea on the Ambani borthers" gas dispute.

Sensex strong in opening trades
The Sensex started the day on a very strong note mirroring international cues and on expectation of a good earning season. The Sensex is now at 17,660, up 120 points. The NSE Nifty is 33 points higher at 5,278.

News of the day

New vet drug threat to Indian vultures
A veterinary anti-inflammatory drug, ketoprofen, can be lethal to Indian vultures that eat the carcasses of treated livestock, an international team of scientists has said.
Corporate

Kingfisher rallies on GDR, rights issue plans

Kingfisher finally ended with gains of 7.2% or Rs 3.8 at Rs 57.25. Around 12.53 million shares changed hands on the counter today. ________________________________________________ US markets end in the green Kingfisher Airlines has surged today on probability of rights issue. The stock opened at Rs 54 and surged 9.5% to touch a high of Rs 58. The stock is currently trading with a gain of 7.5% at Rs 57. Over 6.90 million shares have been traded on the BSE so far. The company may raise as much as $175 million selling shares and global depository receipts (GDRs) to repay debt. Out of this $80 - $100 million would be raised in a rights offer while a further $60 - $75 million would be raised through selling GDRs. The company hopes to raise the money within six months.


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