India eyes auctions to meet stake sale target
New Delhi - Arabstoday
India plans to kickstart stake sales in state-run companies in June — preferably through the auction of shares — to meet a target of 300 billion rupees ($5.65 billion) set for this fiscal year, the official in charge of disinvestment said on Monday. India aims to lower the fiscal deficit to 5.1 per cent in 2012/13, after it blew out to 5.9 per cent last year. “When you push an FPO (follow-on public offering), the market prices come under pressure. Hopefully, we will go more for ONGC-type auctions,” Mohammed Haleem Khan, who heads the government’s share sale programme in the ministry of finance, told Reuters in an interview.
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Paris - Emiratesvoice
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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