The Hindu Business Line : Friday, February 20, 2009

CLB sets in motion process to revive Satyam Computer
Strategic partner to be chosen via open bidding. In a move that sets the stage for the buy-out of Satyam Computer Services Ltd, the Company Law Board on Thursday allowed the Government-appointed board to bring in a strategic investor through an ...

SEBI to amend norms on pref share pricing
Mumbai, Feb. 19 The Securities and Exchange Board of India (SEBI) is in the process of amending its Disclosure and Investor Protection guidelines to allow a preferential allotment of shares of Satyam Computer at a price that would fetch ...

`No dealys':(From ... TODAY'S PICK (Latest Audio: English/Tamil)
Indian Overseas Bank (Rs 51.45): Sell
We recommend a sell in Indian Overseas Bank stock from a short-term trading perspective. It is apparent from the charts of Indian Overseas Bank that it has been on a long-term downtrend from its January 2008 peak of Rs 228. Since then, the stock ...

Day Trading Guide

Law soon on forfeiting frozen demat assets
Depositories can be empowered to auction ‘unclaimed’ shares. Mumbai, Feb. 19 The Government proposes to amend the Depositories Act to forfeit around Rs 8,800 crore worth assets lying in the frozen demat accounts, according to the ...

Inflation dips to below 4%
New Delhi, Feb. 19 The annual Wholesale Price Index-based inflation rate fell to a 13-month low, dipping below the 4 per cent mark on account of lower inflation in the case of primary articles and manufactured products, stoking expectations ...

Licence fee for MVNOs capped at Rs 85 crore
One more chance for entry. New Delhi, Feb. 19 The Department of Telecommunications has decided to peg the entry fee for Mobile Virtual Network Operators (MVNO) at a maximum of Rs 85 crore for a pan-India ...

It’s innovative pricing in Bollywood
REVENUE-SHARING. Mumbai, Feb. 19 Although fewer Bollywood films may release in 2010, the liquidity crunch that has hit the world’s second largest film industry is making film production ...

More cos announce buyback of FCCBs
Jubilant Organosys, Tulip Communications join the list. Mumbai, Feb. 19 More companies are announcing buyback foreign currency convertible bonds. Pharmaceutical major Jubilant Organosys today said it will buyback FCCB worth $48 million. With ...

Bottom of the pyramid demographics
Population density dictates non-food items demand. Chennai, Feb. 19 Poorer States offer a better market for non-food items of consumption than richer States for products and services designed for, or easily accessed by, the bottom two-thirds of ...

Public sector general insurers working on Golden Gate VRS
To provide exit route for officers above 50 years. Bangalore, Feb. 19 Public sector general insurers have begun working on fresh proposals for shedding ...

IT budgets to see lower growth of 5.52% this year: Gartner
Survey says most of it would be used to run day-to-day operations. Pune, Feb. 19 As enterprises across the globe face tough economic conditions, IT spending budgets in India, in contrast to many other regions, would still grow at 5.52 per cent ...

BSNL’s IPO plans still on cards: Scindia
‘Timing depends on market conditions’. New Delhi, Feb. 19 The Ministry of Communications and IT on Thursday said that the proposed initial public offering (IPO) by Bharat Sanchar Nigam Ltd was very much on the cards and it was only a ...

High winds forecast for plains in the North
Thiruvananthapuram, Feb. 19 India Meteorological Department (IMD) sees northwesterly winds picking up strength over the Indo-Gangetic plains over the next three to four ...