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Satyam backtracks, says it misread the possible impact
Drops plans to acquire Maytas twins; ‘winning back confidence is our first task’. Hyderabad, Dec. 17 Satyam Computer Services has called off the $1.6-billion twin deals to acquire Maytas Properties and Maytas Infra, controlled by ...

Hurrah for shareholder activism!
Institutional investors’ interest in Indian stocks may be low but it is heartening to see that they remain interested enough in the businesses they hold, to turn activist if the situation demands. It is thanks to the loud protests ...



Mr Subhash Chandra, Chair...
TODAY'S PICK (Latest Audio: English/Tamil)
ACC (Rs 486.30): Sell
We recommend a sell in ACC from a short-term trading perspective. It is evident from the charts of ACC that it has been on a long-term downtrend from its life-time high of Rs 1,314 recorded in October 2007. The stock halted at its ...

Day Trading Guide


Maytas deal raises more questions: Ministry
Inquiry initiated on the method of acquisition adopted. New Delhi, Dec. 17 The promoters of Satyam Computer Services will have to answer more questions even after calling off the controversial $1.6-billion Maytas ...

Small savings collections rise 5.85% in April-Oct
New Delhi, Dec. 17 The declining trend in gross small savings collections since 2006-07 appears to have been reversed going by the latest official data. During April-October 2008, gross small savings collections grew 5.85 per cent over the ...

Slowdown dents advance tax payments
Mumbai, Dec. 17 The sharp fall in advance tax paid by the manufacturing sector has sent a strong signal on the impact of global recession on the Indian economy. High input costs and tapering demand have dented the expectations of ...

Foreign banks had highest off-balance sheet derivatives exposures in 2007-08
Mumbai, Dec. 17 The off-balance sheet exposures of commercial banks in India jumped by 88 per cent last fiscal, according to the figures released by the Reserve Bank of ...

Essel Group enters formal school space
INVESTMENT IN LEARNING. New Delhi, Dec. 17 Mr Subhash Chandra-owned Essel Group will invest Rs 350 crore over the next five years to establish 300 ...

RBI wants a rethink on ‘big, complex’ institutions
Trend Report highlights concerns amid global slowdown. Mumbai, Dec 17 In the context of the global economy entering into a phase of downturn on account of the global financial crisis, the Reserve Bank of India (RBI), in its latest Report on ...

We’re well capitalised: Maytas Infra CFO
‘Most of the infrastructure projects executed with working capital’. Hyderabad, Dec. 17 “We are well capitalised and there is no fund crunch. All projects currently being executed are under control,” according to the ...

Auto cos near Pune set to halt work in December
Around 20,000 people to get paid vacation. Pune, Dec. 17 With block closures the unfortunate flavour of the season, Pune could well become “ground zero-production” during and around Christmas ...

Two imperatives for automakers
Defend the business, and manage the evolving scenario. These are the two key areas that Indian automotive companies have to focus on, says Mr Rakesh Batra, Partner and National Leader - Automotive Practice, Ernst & Young. "This situation is ...

Stamp duty on new apartments to be exempted in AP
Approval, permit fees also waived off on flats up to 1,200 sq ft. Hyderabad, Dec. 17 The Andhra Pradesh Government has decided to exempt stamp duty on new apartments up to 1,200 sq ft from January 1, 2009, to December 31, 2010, in efforts to ...

Rains relent over Tamil Nadu as dry air filters in
Thiruvananthapuram, Dec. 17 The heavy to very heavy rainfall over coastal Tamil Nadu relented on Wednesday due to incursion of dry and colder northeasterlies caressing the north Bay of ...


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