Thinksoft Global fixes IPO price at Rs 125 per share

initial public offer

Thinksoft Global Services, which extended the closing date of its initial public offer (IPO) from September 24 to October 1, 2009 on tepid response from investors, has fixed the IPO issue price at the upper end of the revised price band at Rs 125 per share.

The initial offer was subscribed over two times on the final day on October 1 with the company reported to have mopped up Rs 45.57 crore in the 36.46 lakh share IPO.

The company plans to use the IPO proceeds for establishing a new testing centre, to meet issue expenses and to get the shares listed on stock exchanges.

Thinksoft Global is primarily engaged in software testing services focusing on banking, financial and insurance services industry. The company has established a global presence in New York, London, Frankfurt, Singapore, Hong Kong, Brussels, Sydney, Bangalore and Chennai through its wholly owned subsidiaries and branch offices.

The company’s shares are proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Pak plans to push terrorists to create mayhem in India: PC

New Delhi, Oct 25: Pakistan-based terror organisations Lashkar-e-Toiba, Jaish-e-Mohammed and Hizbul Mujahideen are planning to infiltrate terrorists into India to "create mayhem", Home Minister P Chidambaram said today, asserting that the country’s security forces were, however, prepared to meet any external threat.

He said Pakistan has no will to prosecute and punish the perpetrators of last year’s Mumbai attacks and voiced concern over the spread of Taliban in that country, apprehending that the danger could spread to the rest of South Asia including India.

Govt for talks with KSU on uranium project

STAFF WRITER 13:35 HRS IST

Shillong, Oct 22 (PTI) The Meghalaya government has invited the agitating leaders of Khasi Students Union, which has been holding protests against the proposed uranium project in the state, for talks.

"We have invited the KSU for a discussion as there is need to end the ongoing stalemate. We are concerned over the present law and order situation," Chief Secretary Ranjan Chatterjee said last night.

He said the state government did not want to force its opinion. There is always room for a dialogue. The issue should be resolved amicably, he said.

Over a dozen vehicles and a couple of government offices were set ablaze during the past one week in protest against the government's decision to lease land to UCIL in the uranium-rich areas for pre-project development works.

Inflation rises to 1.21% on firming food prices

Inflation
NEW DELHI: Inflation rose to 1.21 per cent for the week ended October 10 as prices of major food items firmed up further.


The wholesale price-based inflation stood at 0.92 per cent in the previous week.

Inflation rose to above one percentage mark after remaining below one per cent for five consecutive weeks and before that below-zero levels for 13 weeks in a row.

Prices of sea fish rose by 14 per cent, moong by 5 per cent, rice by 3 per cent, and urad, arhar, wheat by one per cent each. However, prices of fruits and vegetables declined by one per cent each.

Experts, including Prime Minister's economic advisory panel, expect inflation to reach 6 per cent mark by this fiscal end.

Firming up inflation could have bearing on monetary review to be announced by the Reserve Bank on October 27. Experts, however, believe that RBI will maintain a status-quo on interest rates.