DTDC gets    franchisor award
DTDC on Friday announced that it has been awarded the ‘Best In Class Franchisor Company’ in the courier and cargo industry. The award instituted by ‘Franchise India Holding Ltd’ was given to DTDC for the third consecutive year.

Delhi Airport’s  e-pay facility
Delhi International Airport Ltd (DIAL) will provide e-payment facility to its customers in collaboration with Punjab National Bank (PNB) at the international cargo terminal of Indira Gandhi International Airport, reports DHNS from New Delhi on Friday. The new e-payment facility will speed up transactions as the present arrangement provided for an ‘export terminal charges slip’ called TC is generated on the internet.  

5yr lock-in for RPL promoters
Sebi on Thursday directed a five year lock-in for the entire promoters’ equity in Reliance Power (RPL). Disposing off a complaint  Sebi in its order said: “We direct that the equity shares acquired by the promoters of RPL at the face value of Rs 10 each pursuant to the scheme of merger approved by the High Court of Bombay vide order dated 27-09-2007 would be eligible for computation of promoters' contribution subject to certain conditions.” Sebi conditions envisage that ‘The entire promoters’ quota, which is 20 per cent of the capital in RPL shall be locked-in for a period of five years from the date of allotment in the proposed IPO.” 

DLF, India’s 2nd most valued co
DLF on Friday became the country’s second most valued private sector company after Reliance Industries, following a surge of over five per cent in its share price.

In an overall flat market, shares of DLF rose by 5.31 per cent at the BSE to close at Rs 1,063.70, more than double its IPO price in less than six months of listing. The company’s market capitalisation surged to Rs 1,81,343 crore, marking a gain of about Rs 9,150 crore over the previous day. This is second highest among private sector companies after RIL, which has a market cap of over Rs 4,21,000 crore.