Offshore drilling services provider Aban Offshore on Monday said it will raise funds to the tune of Rs 194 crore through issue of securities under private placement basis.
The board of directors of Aban Offshore at its meeting on March 8, approved the proposal to raise funds by issue of non-convertible cumulative redeemable preference shares up to Rs 194 crore, in one or more tranches, on private placementbasis, the company said in a filing to the Bombay Stock Exchange.
A committee was formed for this purpose to consider the proposal and do the necessary acts as may be required in this regard, the filing added.
Besides, the company has granted the issue of 1.25 lakh equity shares under Employee Stock Option Scheme to eligible staff, including two deputy managing directors.
Shares of the company were trading at Rs 3,400, down 5.83 per cent on the BSE in afternoon trade.
Courtesy : WWW.FINANCIALEXPRESS.COM
Aban Offshore to raise Rs 194 cr
March 10, 2008, 2:55 pmE-mails join cigarette, coffee runs as office 'timewasters'
March 10, 2008, 2:53 pm
E-mails have joined the cigarette and the humble coffee runs as the latest threat to workplace productivity.
Researchers have carried out a study and found that e-mails have gone from being a useful office tool to a curse that actually takes up huge amounts of work time, The Daily Telegraph reported on Monday.
According to the researchers, the average employee now spends an estimated 90 minutes to two hours a day wading through hundreds of messages, much of which is basically spam and junk mail.
The study by the Radicati Group has found that worldwide email traffic has hit 196 billion messages a day. It is predicted to reach 374 billion per day by 2011.
"Employees're now so deluged with messages that emails have become a broken business tool in urgent need of fixing. There's been no innovation to separate the junk letters from the real ones," Jason Preston of the Parnassus Group, a social media consultancy, was quoted as saying.
A related study by another research firm Telewest Business recently found that emails and telephone habits could reduce productivity rather than increase it and "men are the biggest timewasters at work".
According to the research, the misuse of telephones and emails at work was hindering office workers from doing their jobs, increasing bad habits at work and lengthening the working day.
Out Of 1,468 people questioned, the average time spent each day waiting for or chasing responses to urgent emails and on unnecessary emails was 42 minutes. An average of 27 minutes was wasted responding to voicemails or managing phone calls and 12 minutes was lost trying to locate colleagues, the study found.
Courtesy : WWW.FINANCIALEXPRESS.COM
Researchers have carried out a study and found that e-mails have gone from being a useful office tool to a curse that actually takes up huge amounts of work time, The Daily Telegraph reported on Monday.
According to the researchers, the average employee now spends an estimated 90 minutes to two hours a day wading through hundreds of messages, much of which is basically spam and junk mail.
The study by the Radicati Group has found that worldwide email traffic has hit 196 billion messages a day. It is predicted to reach 374 billion per day by 2011.
"Employees're now so deluged with messages that emails have become a broken business tool in urgent need of fixing. There's been no innovation to separate the junk letters from the real ones," Jason Preston of the Parnassus Group, a social media consultancy, was quoted as saying.
A related study by another research firm Telewest Business recently found that emails and telephone habits could reduce productivity rather than increase it and "men are the biggest timewasters at work".
According to the research, the misuse of telephones and emails at work was hindering office workers from doing their jobs, increasing bad habits at work and lengthening the working day.
Out Of 1,468 people questioned, the average time spent each day waiting for or chasing responses to urgent emails and on unnecessary emails was 42 minutes. An average of 27 minutes was wasted responding to voicemails or managing phone calls and 12 minutes was lost trying to locate colleagues, the study found.
Courtesy : WWW.FINANCIALEXPRESS.COM
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