IntraSoft Technologies to debut on bourses

Shares of IntraSoft Technologies will debut on the stock exchanges today, 12 April 2010. The company had priced its initial public offer (IPO) at the higher end of the Rs 137 to Rs 145 per share price band.

Tata Motors is reportedly planning to sell part of its shareholding in Tata Cummins, a diesel engine joint venture, as it explores options to divest non-core assets to reduce debt.

Key shareholders of budget airline SpiceJet have reportedly rejected an offer by the Reliance Anil Dhirubhai Ambani Group to pick up a 51% stake in the airline for Rs 40 - 45 a share.

Reliance Infrastructure reportedly expects the governments in Gujarat and Andhra Pradesh to invite bids to develop regional airports it is interested in taking up.

A team from the US oil major, Exxon Mobil, is reortedly set to assess the eastern offshore asset of ONGC for a possible tie-up.

Newspaper publisher D B Corp will demerge its FM Radio business and merge Bhaskar Publication & Allied with itself. It has set up a committee of directors to examine the feasibility of restructuring the organisation.

The government has reportedly launched discussions between ministries about opening multi-brand retail to foreign direct investment.

The Comptroller and Auditor General (CAG) has reportedly found a series of violations on the part of telecom minister A Raja in awarding unified access service licenses to eight companies in January 2008.