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SC notice on Govt plea on gas dispute; hearing on Sep 1
The Supreme Court today sent the Ambani brothers’ cross appeals against the Bombay high court judgment to a three-judge bench to be constituted by September 1, which indicates that there would be no early decision on the myriad questions raided by the parties.

Monk's quest
On a clifftop above the sea, on the Mediterranean island of Crete, a young man meditating at sunset heard a voice inside say “Go to India.” He climbed down to his cave and there met his childhood friend and fellow traveller, who had been meditating on the seashore. This other young man had heard, at the same time, a voice telling him to “Go to Israel.”

News of the day

ASM Tech net up 23.4%
Bangalore-based ASM Technologies, dealing in enterprise applications and enterprise product development for manufacturing, retail, oil and gas verticals, has reported a consolidated net profit of Rs 94 lakh for quarter-ended December 31, 2009, up 23.43 per cent compared to the previous quarter of the current fiscal.
Corporate

Thinksoft Global rises 31% on debut

Thinksoft Global Services, an IT solutions provider, closed with the highest premium among the new listings so far in the current financial year with its stocks closing at Rs 164.30 on the Bombay Stock Exchange (BSE) on Monday, up 31.44 per cent against the issue price of Rs 125. - S&P assigns "BBB" to Wipro on better financial health - Mindtree Q2 net up 33.8% - 'It was only growth that eluded us' - Rolta Q2 net doubles to Rs 56 cr, to raise $250 mn - Sun Microsystems to axe 3,000 jobs worldwide - Asia set for dramatic changes; India "real sleeper": Roach However, in terms of listing, the company had the dullest debut on BSE, as its stocks listed at a discount of 20 per cent at Rs 100. However, during the day, it managed to reach up to Rs 170 before settling down at Rs 164.30. Whereas on the National Stock Exchange, company’s stocks listed at a marginal premium of 0.8 per cent at Rs 126 and closed at Rs 166 after hitting an intra-day high of Rs 169.80. The issue price of Thinksoft Global was 12.5 times of the face value, the company had said earlier. The firm had raised Rs 45.57 crore through the initial share of 36.46 lakh equity at the upper end of the price band of Rs 115-125 a piece.


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