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Govt scouts for lead-managers for NMDC selloff
Taking the disinvestment process in iron ore producer NMDC forward, the government today invited applications for appointment of lead managers to advise it on the timing of the public issue, among other aspects.

Yes Bank raises $225 mn via share sale
Private sector lender Yes Bank today said it has raised $225 million (about Rs 1,034 crore) through private placement of shares to institutional investors.

News of the day

Japan PM promises to link rupee with yen to boost FDI
In yet another move to increase the flow of Japanese investment into India, visiting Japanese Prime Minister Yukio Hatoyama today assured India’s leading industrialists and bankers to look into the option of directly linking the rupee and yen.
Management

Bajaj Auto Q3 net jumps threefold to Rs 475 cr

Two-wheeler giant Bajaj Auto reported a smashing 189.24 per cent increase in its net profit at Rs 475.14 crore for the third quarter ended December 31, 2009. - Bajaj Auto Finance Q3 net jumps over two-fold to Rs 27 cr - Infosys: Green shoots grow roots - India Inc to post double digit growth in profit in Q3 - M&M to launch motorcycle this year - Bajaj Auto Dec sales soar 85% - Bajaj Auto Dec sales soar 85% The company had a net profit of Rs 164.27 crore in the correponding quarter a year ago. Total income rose to Rs 3,330.68 crore for the third quarter ended December, as against Rs 2,140.98 crore in the same period previous fiscal, Bajaj Auto said in a filing to the Bombay Stock Exchange (BSE). For the nine month ended December 31, the company has posted a net profit of Rs 1,171.46 crore, a jump of over 123 per cent from Rs 524.29 crore in the same period previous year. Shares of Bajaj Auto closed at Rs 1,698.10 on the BSE, up 1.77 per cent from the previous close.


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