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IIM-A guides schools, academia to fight swine flu
Keeping in mind the panic created by swine flu and its adverse impact on academic activities across the country, the Indian Institute of Management, Ahmedabad (IIM-A), is preparing recommendations to be issued to various schools and colleges in the country. Once ready, the management institute, which has witnessed four cases of swine flu on its campus, will submit the recommendations to the state and central governments for further dissemination to academic institutes.

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Toyota may launch Prius by Jan
Likely to kickstart its hybrid plans for India by a preview at Auto Expo 2010

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Govt to decide on waiving sugar export-obligation
The food and commerce ministries are at loggerheads over exempting sugar mills from export- obligation and the Cabinet will now decide whether or not the obligation can be waived beyond December 31, official sources said.
Public Relations

GVK Power buys L&T's 17 per cent BIAL stake

Hyderabad-headquartered infrastructure developer, GVK Power and Infrastructure Ltd (GVKPIL), on Sunday acquired the entire stake of 17 per cent held by L&T Infrastructure Development Projects Ltd in Bengaluru International Airport Ltd (BIAL) for a total consideration of Rs 686 crore. - GVK Power acquires 12% in Bangalore Airport - Power & Infra gets board nod for raising Rs 1,800 cr - GVK Power promoter pledges 4.37% stake - Doctors screen passengers for Swine Flu at B"lore airport The acquisition, made through GVK Group’s wholly-owned subsidiary, GVK Airport Developers, was priced at Rs 105 per share. With this, GVKPIL will hold 29 per cent in BIAL. Siemens holds the largest stake in BIAL, at 40 per cent, while the Airports Authority of India and Karnataka State Industrial Investment and Development Corporation (KSIIDC), the financing arm of the Karnataka government for infrastructure projects, hold 13 per cent each. “The acquisition of additional stake in BIAL is in line with our objective of expanding GVK’s presence in the airports business. As BIAL embarks on the next phase of expansion, we wish to partner with all stakeholders to ensure that Bengaluru International Airport further consolidates its position as the leading airport destination in southern India,” GVKPIL CMD G V Krishna Reddy stated.


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