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Goldman, Avendus appointed Satyam investment bankers
Hyderabad, Jan. 27 The board of Satyam Computer Services today appointed Goldman Sachs and Avendus Capital as investment bankers, while asserting that the company will not be sold in parts ...
L&T sees significant value in Satyam
We could play an effective role: A.M. Naik. Mumbai, Jan. 27 Larsen & Toubro, which recently increased its stake in Satyam Computer to 12 per cent, believes that “significant value” is embedded in the scam-stung IT firm, amidst ...
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TODAY'S PICK (Latest Audio: English/Tamil)
Idea Cellular (Rs 44.50): Buy
Investors with short-term trading perspective can buy Idea Cellular. This stock is reversing after recording a 52-week low of Rs 34 in late October. Since November, the stock has been consolidating sideways in a broad range between Rs 41 and Rs ...
Day Trading Guide
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RBI pares growth forecast further to 7%
Mumbai, Jan. 27 The Reserve Bank of India on Tuesday left its key rates unchanged in its third quarter review of monetary ...
SAIL net halves on demand dip, high input costs
New Delhi, Jan. 27 Fall in steel demand and prices of finished steel coupled with rising cost of raw materials pulled down the net profit of Steel Authority of India Ltd (SAIL) by 56 per cent to Rs 843 crore during the third quarter of ...
Keeping e-learning in ship-shape
ONLINE COURSE. Mumbai, Jan. 27 Twenty-five-year-old Tuhin Deb is a marine officer who spends more than six months of the year on the high seas, criss-crossing the globe. But this does not deter him from pursuing his ...
Telenor to fund Unitech stake buy via cash, debt
Drops $1.8-b rights offer; deal expected to be completed by Feb. New Delhi, Jan. 27 Norway-based mobile services company Telenor on Tuesday said it has scrapped its proposed 12-billion-krone ($1.8 billion) rights offer to fund its acquisition of ...
Raju bail plea: Orders reserved for today
Prosecution says granting bail could lead to tampering of evidence. Hyderabad, Jan. 27 Mr Ramalinga Raju, the former Chairman of Satyam Computer Services, Mr Rama Raju (ex-CEO) and Mr V. Srinivas (ex-CFO) – the trio accused in the Rs ...
Price Waterhouse suspends tainted partners
New Delhi, Jan. 27 Audit firm Price Waterhouse on Tuesday said it has suspended Mr S. Gopalakrishnan and Mr Srinivas Talluri of all their duties and functions as partners, pending completion of the investigations into the Satyam ...
Broking firms feel strain
Report lower profits in December quarter. Mumbai, Jan. 27 The trend of declining profits for the broking and financial services industry appears to be continuing into the third quarter of the current ...
Rupee defies gravity
Strength in dollar, weak equity markets and month-end demand from oil importers kept rupee subdued against the dollar over the past week. There was a weak rally prior to the announcement of the Monetary Policy review statement on Tuesday ...
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