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Two Price Waterhouse partners arrested
CID conducts searches at Hyderabad office of Satyam auditors. Hyderabad, Jan. 24 The CID on Saturday arrested Mr S. Gopalakrishnan and Mr Talluri Srinivas, partners in Price Waterhouse, the statutory auditors for the scam-hit Satyam ...
Price Waterhouse promises full cooperation
New Delhi, Jan 24 Audit firm Price Waterhouse on Saturday expressed “great regret” over the detention of two of its partners by Andhra Pradesh authorities in the Satyam scandal ...
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Mr. Nursultan Nazarbayev,...
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FII moves didn’t really rock individual stocks
Though FIIs are often painted as villains of stock market meltdown of the past year, an analysis of shareholding patterns for the BSE-500 companies (updated till December 2008) conveys quite a different picture. Even if they did trigger the ...
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SBI records 37% rise in net for third quarter
Rise in interest income aids growth. Mumbai, Jan. 24 State Bank of India (SBI), India’s largest bank by business as well as market capitalisation, has reported a 37 per cent increase in net profit to Rs 2,478 crore in the third quarter ...
ICICI Bank posts 3% growth in net profit
Higher provisioning, rise in bad assets hit performance. Mumbai, Jan. 24 A substantial rise in bad assets and higher provisioning resulted in ICICI Bank reporting flat growth in net profit during the quarter ended December 31, 2008. The ...
India Inc intrigued by L&T stake hike in Satyam
The company has forked out close to Rs 640 crore for the 12 per cent stake. Mumbai, Jan. 24 Larsen & Toubro (L&T) literally set the cat among the pigeons on Friday when it decided to increase its stake in Satyam Computer Services to 12 ...
Index Outlook
United Kingdom was the epicentre of the last week’s turmoil in financial markets. First it was the gargantuan loss recorded by Royal Bank of Scotland and then the official declaration of recession in the UK that sent European stocks ...
Tata Pure Equity: Hold
Investors can retain their exposure to Tata Pure Equity Fund considering the fund’s long-term track record of superior and consistent returns, well above that of the Sensex, its benchmark and many of its peers. In the year gone by, ...
Bank of India: Buy
Fresh investments can be considered in Bank of India stock as it has continued to deliver better-than-expected earnings growth on a consistent ...
Zee Entertainment Enterprises: Buy
Investors can consider buying the shares of Zee Entertainment Enterprises (Zee), given the company’s leading position in the general entertainment category, its reasonable profitability picture compared to peers and steady ...
Vishal Retail: Sell
Value retailers were, for some time, a preferred option among retail stocks based on the belief that they fare better during tough times. But recent numbers from Vishal Retail, a value retailer present in 181 stores across most Indian ...
Copper market in surplus, but prices hold well
Consumption declines in leading industrialised nations. The world copper market showed a surplus of 50,000 tonnes for October 2008, according to the latest assessment of International Copper Study Group (ICSG), the intergovernmental ...
Police on trail of 275 firms; 40 of them have Maytas tag
Hyderabad, Jan. 24 The Rs 7,136-crore financial fraud of Satyam Computer Services is assuming much larger proportions than initially thought, with the sleuths investigating the scam suspecting that Mr B. Ramalinga Raju, kin and friends may ...
Weekly News Round-up(Latest Audio:English)
Many more disclosures came to light during the 4-day custodial interrogation of Mr Ramalinga Raju, Mr Rama Raju, ex CEO of Satyam, and Mr V. Srinivas, ex ...
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