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Wipro buys Citi’s captive IT unit
$127-m all cash deal includes services contract for 6 years. Bangalore, Dec. 23 Wipro Technologies completes its Christmas shopping, acquiring Citi Technology Services Ltd (CTSL), the India-based captive IT unit of Citigroup Inc for $127 million ...
Advance tax: Top Ten payments’ growth slows
New Delhi, Dec. 23 The advance tax contribution of the top ten advance tax paying companies grew only 6.6 per cent up to the December 15 instalment on a year-on-year basis. This was in sharp contrast to the near 30 per cent year-on-year ...
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Thirteenth acquisition...
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TODAY'S PICK (Latest Audio: English/Tamil)
India Cements (Rs 94.35): Sell
We recommend a sell in India Cements stock from a short-term perspective. It is apparent from the charts of India Cements that it was on a modest medium-term uptrend from its 52-week low of Rs 68, touched in late October. However, the ...
Day Trading Guide
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World Bank to keep out Satyam for 8 years
Decision follows probe into charges of data theft, benefits to Bank staff. Hyderabad, New Delhi, Dec. 23 The World Bank has decided to keep Satyam Computer Services off all businesses for a period of eight years beginning ...
Online share trading sees lower volumes
DOUBLE WHAMMY. Mumbai, Dec. 23 Online traders are having difficulties in accessing their online trading site due to poor Internet connectivity. The link-up remains affected for over three days after three undersea fibre optic cables snapped ...
Derivatives of the destructive kind
Warren Buffett called them ‘weapons of mass financial destruction’, devised by (mad?) men (for ...
JLR supply chain will collapse without bailout
Mumbai, Dec. 23 Any delay in bailing out Jaguar Land Rover (JLR) would be “catastrophic” for the entire supply chain associated with the car company, say top sources in the UK familiar with ...
Net woes: RCom writes to telecom regulator
Blames Airtel for not giving access to extra bandwidth. New Delhi, Dec. 23 Even as Internet services continued to be disrupted in the country, Reliance Communications has written to the telecom regulator that other long distance telecom ...
50-DMA to lend support for rupee
Rupee has been undergoing an intensely volatile phase over the last few sessions. It raced beyond 47 on Friday as low inflation and hopes of another stimulus package buoyed sentiment in the equity and forex markets. But renewed fears of ...
Mid-year review report forecasts 7-8% growth
Inflation under control, could fall further. New Delhi, Dec. 23 Given the global uncertainties, it would be very difficult at this juncture to gauge the efficacy of the fiscal stimulus package that had been unveiled in the recent weeks, ...
Maytas ‘deal’: Satyam told to provide details of board meet
Registrar of Companies report to be ready by January 10. Hyderabad, Dec. 23 The Ministry of Company Affairs (MCA) has given Satyam Computer Services a week’s time to provide all the information on the December 16 board meeting that took a ...
No letter from us to Pyramid Saimira: SEBI
Co demands probe into ’forged’ letter. Mumbai, Dec. 23 The Securities and Exchange Board of India on Tuesday said that it has not issued an order or letter to Mr P.S. Saminathan, Chairman of Pyramid Saimira Theatre Ltd, on December ...
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