Submitted By:

Surbhi Jaitley

Power Grid Corp of India's share sale worth up to $1.7 billion was fully subscribed in the retail portion of the offering, exchange data showed on Friday.

The offer, priced at Rs 52, had been subscribed 65 times, mobilising around Rs 41,223 crore.

The share price of Power Grid Corporation of India had declined by 4% on November 8 (Monday) to close at 98.4

Despite the growing pressure on the Congress to take action against Telecom minister A Raja , key ally DMK has refused to budge from its position .

Maintaining that Raja followed all the regulations of TRAI, Elangovan said that the report by the CAG was not foolproof and could be wrong

Sunil Mittal's Bharti Airtel is going in for a mega brand change of Airtel for which the company will spend Rs 300 crores globally.

The new look of the brand is expected to have a swoosh locked with the word Airtel. The way Airtel is written may also change, it is not expected to have a capital 'A' under the new brand. The red colour, though, will still be dominant in the new brand.

Airtel's re-branding is done by the agency J Walter Thompson .

HDFC standard life insurance has put off its listingplans until the government relaxed foreign investmentnorms. UK life insurer Standard Life Insurance holdsthe maximum permissible 26% in the life insuranceventure with mortgage giant HDFC.

If government relaxes foreign investment limits to 49%as expected Standard Life will subscribe to its fullentitlement.

HDFC standard life insurance has put off its listingplans until the government relaxed foreign investmentnorms. UK life insurer Standard Life Insurance holdsthe maximum permissible 26% in the life insuranceventure with mortgage giant HDFC.

If government relaxes foreign investment limits to 49%as expected Standard Life will subscribe to its fullentitlement.