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IPO scam: Retail investors may be compensated
The initial public offers (IPOs) of companies like Tata Consultancy Services (TCS), NTPC and Jet Airways were rigged and scamsters gained close to Rs 100 crore between 2003-05, market regulator Sebi-appointed panel has said.

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IRB Infra emerges lowest bidder for Rs 800 cr NHAI project
IRB Infrastructure Developers today said it has emerged as the lowest bidder for a Rs 800-crore road project of the National Highway Authority of India (NHAI).

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Godrej to produce reality show
FMCG to aerospace products-maker, Godrej Group, has tied-up with Big Synergy and STAR television network to produce and air a reality show from mid-June, which seeks a wider audience from India’s growing middle-class for its lifestyle products.
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Advani may quit as LoP tomorrow

A generational change in the BJP hierarchy may be on the anvil with L K Advani all set to quit as Leader of Opposition in Lok Sabha tomorrow and party President Rajnath Singh stepping down on Saturday. - LS adjourns for the day over Telangana, Bodoland issues - Controversial sugarcane law gets Parliament nod - Jaswant resigns as PAC chief - CAT authorities asked to furnish daily updates on test - BJP slams Centre"s policy on sugarcane - LS passes three bills without discussion 57-year-old Sushma Swaraj, deputy leader of the party in Lok Sabha, is tipped to succeed Advani (83), who makes way under an RSS conceived move to usher in younger leadership against the backdrop of the debacle in Lok Sabha polls. Advani may be made the chairman of BJP Parliamentary Party, a post to be created by amending the parliamentary party constitution. A two-thirds majority is a must to make such an amendment. Soon after Lok Sabha defeat, the BJP veteran had suggested to the party top brass to choose a new LoP, but it was ignored and he was chosen for the post.


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