Yes Bank raises $500 million, demand strong after Modi win

THE ECONOMIC TIMES Sun, Jun 01, 2014 | 10:04 AM IST IPO Newsletter

Yes Bank raises $500 million, demand strong after Modi win Yes Bank raises $500 million, demand strong after Modi win The offering drew strong demand, pricing at the top end of its indicative range and bids outnumbered shares on offer by five times, bankers said. Yes Bank to launch $500 million share sale Yes Bank to launch $500 million share sale In a statement to the stock exchange on April 23, the bank had said it planned to raise up to $500 million in one or more tranches. Finance min to encourage greater retail participation Finance min to encourage greater retail participation Government plans to offer tax breaks, a bigger share for retail investors in IPOs & share sale of PSUs to encourage greater retail participation. FinMin for divestment via follow-on offers in PSUs FinMin for divestment via follow-on offers in PSUs Finance ministry officials have proposed divestment through follow-on offers and open offer for sale to increase the market float of state-run companies. Manpasand Beverages plans IPO next year Manpasand Beverages plans IPO next year Promoted by first generation entrepreneur Dhirendra Singh, Vadodara-based Manpasand could raise over Rs 300-400 crore in the issue.

Company Name Issue Size Status Date of Relevance Volume   Wonderla Holidays Ltd. 634375000.00 Close 21/04/2014 to 23/04/2014 125.00 Loha Ispaat Ltd. 1233793022.00 Close 11/03/2014 to 25/03/2014 77.00

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News Digest: Amid 370 row, JKLF to start 'Quit Kashmir' movement

		THE TIMES OF INDIA
		Sunday, June 01, 2014
		Today's Headlines

		India
		Amid 370 row, JKLF to start 'Quit Kashmir' movement JKLF chief Yasin Malik on Saturday said his party would soon start a “Quit Kashmir“ movement to counter deliberate change in Kashmir discourse by raking up Article 370. Govt mulling to allow news broadcast on private FMs: Prakash Javadekar "Why should FM channels be banned from broadcasting news? The Centre is considering allowing privately-owned FM radio channels to start their own news broadcast," Javadekar said. Super cloud rains thunderbolts, 10 killed in Bengal In villages, farmers set out for water-starved fields while in Kolkata and other urban centres, everyone looked forward to a welcome break from the oppressive heat. More India News»

		Business
		Trai, cell company rapped for VAS charges In what could have far-reaching consequences for telecom companies and mobile users, a consumer forum here has directed Trai to change its rules for service providers to curb exploitation of consumers who are charged for value added services without their consent. Gold advances on retail support Pure gold also moved up by a similar margin to conclude at Rs 27,180 per 10 grams as compared with Rs 27,130 previously. Amma canteen model may head to land of pyramids An Egyptian delegation visited the canteen at the government general hospital in Chennai, in an attempt to understand the logistics involved and to try and replicate the project in their country. More Business News»

		Environment
		BJP will take measures to protect rhinos in Kaziranga: Minister "During the three terms of Tarun Gogoi government and forest minister Rockybul Hussain's tenure, 160 rhinos have been killed so far," the minister alleged. Zebras make longest trek in Africa, research says At a time when mankind's encroachment on habitats is increasingly leading species to extinction, scientists have discovered a mass migration of animals in Africa that reaches farther than any other documented on the continent. Environment minister meets coal minister over issue of clearances Keen to ensure fast clearances to infrastructure projects, environment minister Prakash Javadekar has held a meeting with minister of power and coal Piyush Goel to discuss coordination and resolve any issues of differences. More Environment News»

		World
		Tunnel bomb in Aleppo kills 40 Syrian soldiers At least 40 Syrian soldiers were killed on Saturday when rebels detonated explosives packed beneath an army base in Aleppo, activists and rebels said. US, China square off on marine hotspot China’s aggressive moves to claim jurisdiction over land and sky in the Asia-Pacific risk undermining peace and security in the region and beyond, US defence secretary Chuck Hagel said on Saturday. NKorea jails missionary for bid to build underground churches A Baptist missionary originally from South Korea has been sentenced to hard labour for life in North Korea for alleged spying and attempting to set up underground churches. More World News»

		Entertainment
		When Sonam showed middle finger to the press Harassed Dolly Bindra writes a mail Narendra Modi Controversy’s favourite child Dolly Bindra hasn’t lost her grip over the messy matters. 'Just like Salman bhai, I too don't talk phaltu mein' Vijender Singh, 29, is emotional, transparent and a moohphat. He loves everything he does, be it boxing, modelling or acting. More Entertainment News»

		Science
		When a T-Shirt tells you to take a chill pill My T-shirt tells me things. My heart rate, for instance : 62 beats a minute. And my breathing: 17 breaths a minute. Unless I drink too many cappuccinos or a deadline looms. Quantum teleportation is possible, say scientists Scientists in the Netherlands have moved a step closer to overriding one of Albert Einstein’s most famous objections to the implications of quantum mechanics, which he described as “spooky action at a distance”. Jet-propelled car to fly at 880km per hour Fasten your seat belts. A jet car that flies at 880km per hour is being conceptualised that would fly you from New Delhi to Mumbai in less than two hours — and it may use a highway as a runway to take off! More Science News»

		Sports
		Belgium beat India 3-2 in hockey WC India started their hockey World Cup campaign on a bad note as they conceded their one goal lead to go down 2-3 against Belgium at The Hague, Netherlands. Nadal moves into last 16 at French Open Top seed and defending champion Rafael Nadal of Spain reached the French Open last 16 with a 6-2, 7-5, 6-2 win over Leonardo Mayer of Argentina. Costa, Torres and Villa in Spain squad Fernando Torres and David Villa were both included in Vicente del Bosque's final 23-man World Cup squad as he sought to cover Diego Costa's injured hamstring. More Sports News»

		Technology
		Smaller IT companies gain from Infosys's talent exodus The executive exodus at Infosys is proving to be a blessing for others in the IT industry, especially secondtier companies. Most of those who quit have promptly been absorbed in leading positions in other companies, reflecting the hunger for talent. Use Lumia phone? Download Microsoft's file manager app A few weeks ago Microsoft promised a file manager for Windows Phone users and today the company is delivering on its promise. Right to be forgotten: Google gets 12,000 requests on first day Google received 12,000 requests from people seeking to be "forgotten" by the world's leading search engine on the first day. More Technology News»

		Education
		More applied courses at Delhi University to develop skills Delhi University is expanding the options for applied courses. Students enrolled under the FYUP study four papers of an AC over second and third years. DU admission policy may keep cutoffs in check The first cutoff for many courses has already been touching 100, but an increase in the rank of 90% scorers signals steep cutoffs even in second and third lists this time Assam to launch special scheme for poor meritorious students Assam chief minister Tarun Gogoi today announced that his government would soon launch a special scheme for poor meritorious students of the state. More Education News»

		Mumbai
		Speculation in food prices likely to end It may be a while before backbreaking food prices drop, but the change of government at the Centre may already have brought some relief. Parents get WhatsApp updates on their tots in creches Like the cuckoo in a clock, a silent woman in a green lab coat emerges from a room every ten minutes with a phone. Fewer potholes this year: Uddhav Shiv Sena president Uddhav Thackeray who inspected roads in the city on Saturday said there would be fewer potholes this monsoon as the BMC had undertaken repairs of several stretches. More Mumbai News»

		Delhi
		More applied courses at Delhi University to develop skills Delhi University is expanding the options for applied courses. Students enrolled under the FYUP study four papers of an AC over second and third years. DU admission policy may keep cutoffs in check The first cutoff for many courses has already been touching 100, but an increase in the rank of 90% scorers signals steep cutoffs even in second and third lists this time Rape survivors battle for justice The survivors, aged between 13 and 18 years, belong to the landless Dhanuk sub-caste, and worked for upper caste landowners. More Delhi News»

		Bangalore
		Bellary DC, other babus transferred The state government on Saturday transferred Amlan Aditya Biswas as Bellary DC and posted him as regional commissioner, Gulbarga division. World Cancer Survivor's Day: Survivors can share stories, win foreign trip or Harley Davidson bike The celebration of the first Sunday of June as World Cancer Survivor's Day is a great way to motivate these bravehearts to keep fighting. Govt won't tolerate police indiscipline: CM Chief minister Siddaramaiah on Saturday said the government will not tolerate indiscipline in the police force. More Bangalore News»

		Hyderabad
		Arsh Mahal clash: Panels find fault with cops The committee also slammed the security forces for "hindering" the shifting of the injured to various hospitals. Can Telangana reassert itself with statehood? Telangana is poised to regain its status as a distinct regional entity after a lapse of five centuries. Three injured as Mahanandi mandapam caves in An under-construction mandapam at the historic Mahanandi temple in Kurnool district caved in, injuring three people including the temple works inspector Mallikharjun. More Hyderabad News»

		Chennai
		After 28 years, surgeons restore musician's sight A gift parcel sent by a ‘fan’ 28 years ago threw music director Shankar Ganesh’s life into darkness, literally. A bomb in the pack went off, injuring his eyes and hands. Jaya-Modi meet may help kickstart work on expressway When chief minister J Jayalalithaa meets Prime Minister Narendra Modi on Tuesday, Tamil Nadu will have as much to commit to as demand. Fake products worth Rs 10 lakh seized, 4 held The CB-CID police have arrested four people for selling fake electronic products bearing the Samsung brand name, and seized products worth 10 lakh after raiding several places in the city. More Chennai News»

		Ahmedabad
		G L Singhal back in khaki, joins as SRP commandant G L Singhal, the first IPS officer to be arrested in the Ishrat Jahan fake encounter case, is back in khaki after a gap of about 15 months.He joined as commandant, SRP Group 12, in Gandhinagar on Saturday. Valiant hearts: Survivors find 'can' in cancer When cancer struck 66-year-old Khushaliben Soami of Juna Vadaj, it caught her by surprise. She remembers she was shocked when she got the results of the mammogram performed on her in 2010. Angadia firm employee attacked, robbed of Rs 18 lakh A 45-year-old angadia firm employee has been attacked by an auto gang that allegedly robbed him of Rs 18 lakh on Saturday morning. More Ahmedabad News»

		Allahabad
		Power minister's hometown goes powerless There is acute crisis of electricity in the home district of minister of state for power Yashar Shah here. The city receives seven to eight hours of supply. Doctor attacked in Bahraich hospital Miscreants attacked a doctor in the district hospital on Friday night and fled. Medical services remained suspended in the district hospital on Saturday in protest against the incident. Met department predicts humid days ahead Sangam city continues to reel under sultry weather conditions for yet another day. More Allahabad News»

		Bhubaneswar
		Passengers block tracks after train AC malfunctions Tension gripped Bhubaneswar railway station on Thursday after the air conditioning systems in three compartments of an express train allegedly started malfunctioning. Rituals start for divine marriage in Sambalpur The week-long Sital Sasthi started here on Thursday with 'patrapendi' (marriage negotiation) ritual of Nandapara jatra committee. Cops bust sex rackets in Laxmisagar area Police on Thursday busted sex rackets operating from two beauty parlours and a house in Laxmisagar area here and rescued 11 girls. More Bhubaneswar News»

		Bhopal
		Year on, no school raises stink over gutkha shop in vicinity One year after the area around schools of the city was declared tobacco-free zone, no school has sent a proposal to remove pan-gutkha shops from their vicinity. Police to compensate elderly with Rs 3 lakh Madhya Pradesh Police have sanctioned a sum of Rs 3 lakh to an 80-year-old man whose son was allegedly tortured to death in Chhatarpur district in year 2006. Reliance co penalized for illegal use of BRTS duct Congress corporators opposed the use of BRTS duct by a private company for laying its cable without permission and challenged a bill tabled in the council for debate on the issue. More Bhopal News»

		Chandigarh
		Laparoscopic bariatric surgery best option for obese: Dr Ashish Vashistha Interestingly, the patients who are morbidly obese with medical problems like diabetes, hypertension, sleep apnea, knee pain can notably benefit from laparoscopic bariatric surgery. Showers on the horizon After weeks of struggle under the scorching heat, Friday brought a much-needed rainy respite for the city folks — although it was short-lived. No heat cover leaves MC visitors fuming It seems that the new municipal corporation (MC) office in Sector 14 is not a very happy place for visitors as there is hardly any space for them to sit. More Chandigarh News»

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