The Hindu Business Line : Sunday, January 11, 2009

Who will make it to the new Satyam board?
Lazard keen on say; LIC, AP Govt may get berths. New Delhi/Mumbai/Hyderabad, Jan. 10 Financial institutions Lazard and Life Insurance Corporation of India as well as the Andhra Pradesh Government are among those who may clinch some of the berths ...

SEBI, Serious Fraud Office teams don’t get to question Rajus
Hyderabad, Jan. 10 Investigating teams of the Securities and Exchange Board of India (SEBI) and Serious Fraud Investigation Office (SFIO) have not been able to interrogate Mr B. Ramalinga Raju, former Chairman of Satyam Computer Services and ...

Policemen escorting the v... The numbers don’t add up
Satyam-gate. The Satyam fiasco has been written about from several angles — corporate governance, auditor omissions and commissions, and the plight of the employees. But with a depletion of 82 per cent in the stock’s value from the ...

Ramalinga Raju remanded to judicial custody
Hyderabad, Jan. 10 On a day of high drama, the fallen Indian IT leader, Mr B. Ramalinga Raju, found himself drawn away from the comfort of 5-star luxury and high echelons of power to the claustrophobic confines of the ...

Banks cutting credit card limits for Satyam staff
‘Shocked how things can go wrong all of a sudden’. Hyderabad, Jan. 10 The Satyamites, who were amongst the most pampered employees in the industry till recently, are feeling the pinch of the Satyam fiasco not only in office but ...

Cotton Corpn ties up Rs 15,000 cr through consortium of 19 banks
MSP PROCUREMENT. Mumbai, Jan. 10 Cotton Corporation of India (CCI) has tied up Rs 15,000 crore through a consortium of 19 banks led by Bank of Baroda and State Bank of India for procuring cotton at minimum ...

Index Outlook
Just when it appeared as if the Sensex would slip past the 10,500 mark, it was yanked back by the misdoings of Mr Ramalinga Raju. Bears exploited the situation to the hilt, bludgeoning stocks across sectors, sometimes for the most absurd ...

Kotak 30: Invest through SIP
Investors with a two-three-year time horizon can consider adding Kotak 30 to their ...

Nestle India: Buy
The Nestle India stock is a good investment option for those who would like to own a defensive stock in volatile markets. Nestle’s high profitability and return ratios and the healthy cash flows make it a likely beneficiary from ...

REC: Buy
Investors with a low-risk appetite can consider taking exposures in the State-owned Rural Electrification Corporation (REC) stock as it is trading at attractive valuations. High demand for funds on the back of huge capacity-addition targets, ...

Make your debut — now
If you are young and want to make it big in the stock markets, the timing couldn’t be better to begin your equity sojourn. Entering the world of equities at a time when some of the ‘biggies’ in the investment community ...

Govt considers cut in fuel, cooking gas prices
Petrol by Rs 5, diesel by Rs 3 and Rs 25 on LPG cylinder. Mumbai, Jan. 10 Prices of auto fuels and cooking gas could be reduced by the Government in a fortnight. It is considering reducing the prices of petrol by Rs 5 a litre, diesel by Rs 3 a ...

Tata Motors cancels Jamshedpur plant shutdown
‘Premature to see this as any signal of revival’. Mumbai, Jan. 10 Tata Motors has, in a surprising development, cancelled its plan to go for another round of block closure of its Jamshedpur plant for six days starting January 12. ...

RBI asks banks to furnish info on exposure to Satyam Group
‘Move to assess systemic impact of fraud’. New Delhi/Mumbai, Jan. 10 Reserve Bank of India (RBI) has asked banks to furnish information to the central bank on their fund and non-fund based exposure to Satyam Computer Services Ltd ...

Fall in prices pushes up cement demand in Dec
Mumbai, Jan. 10 After a lull, cement demand seem to have picked up pace in December with many infrastructure projects taking wings aided by the sharp fall in prices of ancillary items such as steel, cement, labour and ...

Weekly News Round-up
In perhaps one of Corporate India's unfolding worst chapters, Mr B. Ramalinga Raju, Founder-Chairman of the $2-billion Satyam Computer Services, stepped down last Wednesday admitting to faking financial figures of the company to the tune of Rs ...

Food prices reflect demand-supply gap
Bangalore, Jan. 10 Despite the decline in overall inflation in recent weeks, primary product prices, which account for a total of 22 per cent in the wholesale price index, remain firm as ...

Tulip Telecom: Buy