Google is going to acquire Motorola Mobility for a whooping $12.5 billion, said to be the costliest acquisition ever done by Google. As the patent threats have been bothering the development of Android, this step seems to be an overcome of these as the Motorola holds more than 17,000 patents. Google said that Motorola is successfully running Android operating system on all their smart phones and this deal will bring an amazing user experience to users as well as developers. This acquisition will increase the total patents hold by Google and a significant number in mobile operating system.
Lot of people are expressing their happiness over acquisition of Motorola Mobility as this would supercharge the development of Android with the patents Google got through this acquisition. The good thing is that Android is an open source software.
Actress and anchor, Mandira Bedi, posed topless for the fashion magazine, Vogue. She appears in the January 2011 edition wearing a short skirt covering her bare chest with her hands.
This 38-year-old Mumbai-born actress is also famous for cricket anchoring. Posing semi-nude in Vogue made her talk of the town in News, Media and Internet.
Mirapakaya is an upcoming Ravi Teja’s Telugu movie directed by Harish Shankar. The heroines are Richa Gangopadhyay and Deeksha. Music director is Thaman.
Mirapakaya stills can be seen at Sulekha here.
Watch the Mirapakaya Trailer in HD from Youtube:
Listen to Mirapakaya songs and they can be downloaded at Raaga:
A2Z Group is operating in five business segments, EPC, Renewable Power Generation, MSW, FMS, and Power IT Application. A2Z’s initial offer will be comprising 4,556,193 equity shares of Rs 10 from which company will be raising Rs. 675 crores. The issues will be open on December 8, 2010 and will be closed on December 10, 2010. Company has set a price band of Rs. 400-410 per share. Proceedings will be invested in power projects in several states and to write off the loan from L&T Infrastructure Finance.
Read the prospectus: A2Z RHP
Company Website: http://www.a2zgroup.co.in/
Power Grid FPO is set at Rs. 90 and retail investors get a 5% discount on that making the price Rs. 85.5. Shares will be listed at exchange on November 23, 2010. Currently, it is trading at Rs.100 and investors can make Rs.10-Rs.15 per share right after listing.
Power Grid FPO allotment status can be checked on its registrar, Karvy’s website at http://mis.karvycomputershare.com/ipo/. Click the dropdown menu and select “Power Grid FPO.” You can check the status either with Application Number or Client ID.
With 3.85 times of over subscription in retail segment, it is assumed that the retail investors will get shares in 1:3 ratio.
State-run India’s biggest power transmission company, Power Grid Corporation, has fixed its Follow-on Public Offer (FPO) at Rs. 85-90 per share making it attractive for the investors.
Bidding opens on November 9, 2010 and closes on November 11, 2010 for Qualified Institutional Buyers and on November 12, 2010 for retail bidders. Retail bidders will also get 5% discount along with the eligible employees of Power Grid.
Power Grid is now trading at around Rs. 100 and FPO price of Rs.85-90 seems lucrative for retail bidders as the FPO price is lower at 10% and also they get 5% discount. So, if they are selling them right after allotment, they can easily make 10%-15% for sure depending on the price it trades at that time.
India’s biggest IPO, Coal India, has been subscribed more than 15 times. Due to the oversubscribing, retail investors will be allotted half of what they have subscribed. For example, if you have subscribed for 100 shares, you will get be getting 50. Retail investors have been offered a 5% discount, so you will be getting the shares at a discounted price of Rs. Rs.232.75 per share.
You can check the allotment status and complete details till the shares reaching your Demat account on Link Intime, Coal India IPO registrar, website. If you have applied through a trading account, log into your trading account and get the application number. If you have invested manually through the application form, you will be having the application number with you.
Go to the page: http://coalindia.linkintime.co.in/site/display_application.asp and enter you application number to find the number of shares allotted and the amount you need to pay.
If you want all the details till Demat allocation, you can go to the page http://coalindia.linkintime.co.in/site/ipo.asp and check the box, All Details. Then, you will be asked Application Number, DPID, and ClientId.
Employees Provident Fund Organisation (EPFO) raised the provident fund interest rate to 9.5% for the financial year 2011. Nearly 5 crore employees both from private and public sector will be benefited from this decision. It has been 8.5% now and increased 1%. All contribution for the next financial year will earn 9.5% interest rate.
“We have decided to give 9.5 per cent rate of interest to subscribers during the current financial year on their contributions. For over four crore subscribers this is a big gift from EPFO Trustees,” the labour minister, Mr Mallikarjun Kharge, said.
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