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Satyam board leaves CEO, CFO choice to Centre
Govt says it’s board’s prerogative; audit committee, internal auditor appointed. Hyderabad, Jan. 17 The Government-nominated Satyam Computer board got into action mode today, constituting a three-member audit committee, appointing ...
Stanchart winds up consumer finance biz
Rising defaults in unsecured loans seal decision. Standard Chartered Bank, India’s largest foreign bank, has decided to wind-up the consumer finance business of its wholly owned subsidiary, due to rising ...
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Mr Tarun Das (second left...
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The red flags for investors...
...when companies dress up numbers. It is futile to attach too much importance to corporate governance. The question is whether poor governance is factored into a company’s stock price. If there is a sufficient ‘governance’ ...
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Domestic payment delays, TCS’ main worry
‘Decision making, procurement processes complicated’. Mumbai, Jan. 17 What is the biggest issue facing the domestic business of Tata Consultancy Services (TCS)? Pat comes the reply from its chief: “Getting payments ...
… But, is there an attempt to romanticise ‘Satyam spirit’?
EMPLOYEES OPTIMISTIC…. Chennai, Jan. 17 There are as many streams of opinion among Satyam employees as the number of theories about its fate. A chat with a young Satyam software engineer in Chennai shows the much touted ‘Satyam ...
ARCIL to launch $600-m asset reconstruction fund by March
ARCIL is preparing to launch a new $600-million asset reconstruction fund. Mr S. Khasnobis, Managing Director and CEO of ARCIL, told reporters here on Saturday that the new fund would be launched before the end of ...
Index Outlook
Satyam receded into the background as Infosys, TCS, HDFC Bank et al took the centre stage last week armed with their score cards. This earnings season promises to be an entertaining one with the company representative’s facial ...
DSP BR Top 100 Equity Fund: Invest
Investors can buy the units of DSP BR Top 100 Equity (DSP Top) fund, considering its long-term returns record and ability to limit downsides during market volatility. DSP Top has a track record of consistently bettering its benchmark — ...
HDFC Sensex Plus Plan: Invest
Do you believe that large-cap stocks will fare better than mid and small-caps over the next two-three years? If you do, you can invest in the basket of large-caps via the HDFC Sensex Plus Plan. This open-end fund, allows investors to keep ...
ACC: Buy
ACC may be a good stock to accumulate on declines for investors looking at long-term returns. The stock’s PE multiple of seven, at a Price of Rs 501, factors in only moderate growth expectations. The company’s enterprise value ...
Federal Bank: Buy
Investors can consider fresh investments in the Federal Bank stock in the light of its attractive valuations and strong ...
Simplex Infrastructures: Buy
We reiterate a buy on the stock of Simplex Infrastructures (Simplex) for investors with a two-three year perspective. The company’s strong business and financial fundamentals — arising from its diversified business, presence in ...
Who owned Satyam shares sold by IL&FS Trust
Hyderabad, Jan. 17 A day before Mr B. Ramalinga Raju, former Chairman of Satyam Computer Services, made the revelations about the Rs 7,136-crore financial fraud, IL&FS Trust informed the stock exchanges that it had sold 2.45 crore ...
‘Satyam faces the challenge of holding clients’
Hyderabad, Jan. 17 The ‘crisis-ridden’ Satyam Computer urgently requires a dynamic Chief Operating Officer (COO) to hold together various strengths on a daily basis and stem ...
Weekly News Round-up(Latest Audio:English)
The Satyam Computer Services board on Thursday got three more members - Mr Tarun Das, Mr T.N. Manoharan and Mr Suryakant Balkrishna Mainak - taking the total strength to ...
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