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Satyam to buy Maytas Infra, Maytas Properties for $1.6 b
Part of its plan to de-risk the core IT business in times of recession, says Raju. Hyderabad, Dec. 16 Satyam Computer Services, India’s fourth largest IT services provider, has proposed to acquire Maytas Properties and 51 per cent stake in ...
ADR plummets 54%
In reaction to the proposed deal, the ADR of Satyam Computer in the New York Stock Exchange tumbled by over 50 per cent. At 8.45 pm IST, the ADR plummeted by about 54 per cent to trade around $6.15 against the previous day’s close ...
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Warning call: (From left)...
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TODAY'S PICK (Latest Audio: English/Tamil)
Tanla Solutions (Rs 91.65): Buy
Investors with a short-term trading perspective can consider buying Tanla Solutions stock. It is apparent from the charts of Tanla Solutions that it has been on a long-term downtrend from its life high of Rs 410 touched in January. The stock ...
Day Trading Guide
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Sensex crosses 10,000 in late-hour rally
Mumbai, Dec. 16 The Sensex crossed 10,000-mark in the intra-day trade while the Nifty closed above the 3,000-mark on Tuesday, as a rush of buying in the closing hours of trade led to gains ...
States oppose declared goods status for aviation fuel
Loss of revenue, lack of clarity on pricing are main reasons. New Delhi, Dec. 16 The Empowered Committee of State Finance Ministers has opposed the idea of granting ‘Declared Goods’ status to aviation turbine fuel (ATF). It will be ...
Bond yields fall below 6%; banks to gain
Mumbai, Dec. 16 Banks can look forward to high treasury income in the third quarter of this fiscal on account of falling bond ...
Excise duty receipts drop 15% in Nov
Customs collections too see decline in same month. New Delhi, Dec. 16 The Centre’s excise duty revenues declined 15 per cent in November 2008 to Rs 8,556 crore compared with Rs 10,065 crore recorded in the same month last year. This ...
Short-term strength in rupee
Stability in equity markets, weak dollar and unwinding of positions in the non-deliverable forward (NDF) market spurred the rupee above 48 against the dollar. As equities stabilised, foreign institutional investors have turned net buyers in ...
Rate cuts, liquidity leave credit markets cold
Central banks all over the world are slashing interest rates as never before. America’s interest rate setting body, the Federal Open Market Committee (FOMC), is expected to cut further from an already historic low of 1 per cent before ...
‘Outlook uncertain for next 4-6 quarters’
Considerable slowdown in decision making by clients: Nasscom. Bangalore Dec.16 The National Association of Software and Services Companies (Nasscom) expects business uncertainty for the Indian outsourcers to continue for the next four to six ...
Oil cos claim penal interest on delayed aviation fuel bills
Also seek guarantees on outstanding payments. New Delhi, Dec. 16 The public sector oil retailers are claiming penal interest from domestic airlines that have defaulted on their bills for aviation turbine fuel ...
Bharat Forge, Alstom zero in on Mundra for power foray
Production base for a range of supercritical turbines, generators. Mumbai, Dec. 16 Bharat Forge and European power equipment giant Alstom have zeroed in on the Mundra port of Adanis to set up a manufacturing facility with an annual capacity of ...
Pipe cos showing slowdown leaks
Kolkata, Dec. 15 Pipe manufacturing units are showing early signs of getting hit by global ...
Tanishq brings bling-bling online
E-JEWELLERY NOW. Chennai, Dec.16 Tanishq is exploring a whole new realm in jewellery marketing – the virtual world of the ...
Monsoon back to ‘active phase’ over coastal TN
Thiruvananthapuram, Dec. 16 The prevailing easterly wave has helped swing back the northeast monsoon into ‘active phase’ over coastal Tamil Nadu as heavy to very heavy rains lashed the region for the second day on ...
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