Business Daily from THE HINDU group of publications
Tuesday, April 14, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, April 14, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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STOCKS: Tech Mahindra bags Satyam, top bidder at Rs 58 a share To acquire 31% for Rs 1,756 cr; another 20% through open offer. Mumbai, April 13 In a little over 100 days of Ramalinga Raju’s admission of a massive fraud in Satyam Computer Services, the Hyderabad-based company on Wednesday found itself ... IPOS: Demat accounts move into slow motion now DIM IPO SCENE. Mumbai April 13 Demat accounts in the January-March 2009 quarter has risen at only half the rate they did in the October-December 2008 quarter. Not only that, the growth rate for every month of the quarter has dipped ... STOCKS: Relief for L&T investors Small marked-to-market loss of Rs 4 a share. Investors in L&T can heave a sigh of relief at its not bagging Satyam Computer - the beleaguered software major. The L&T stock was battered 30 per cent after the Satyam fraud was revealed on ... FINANCIAL SERVICES: SEBI board to seek legal opinion in NSDL case New Delhi, April 13 The SEBI Board, which met here today, is divided on whether a committee appointed by it has exceeded the brief in the National Securities Depository Ltd (NSDL) ... STOCKS: Tech Mahindra, Satyam, L&T jump on deal day Satyam ADR tumbles 14% at open on NYSE. Mumbai, April 14 Shares of Tech Mahindra rose 25 per cent to touch Rs 400 intra-day on Monday just before the company was named the highest bidder for Satyam Computer. However, the stock closed 12.31 per ... FINANCIAL SERVICES: PNB ties up with SMC, Networth Stock Broking for online trading New Delhi, April 13 Punjab National Bank (PNB) on Monday entered into a tie-up with SMC and Networth Stock Broking Ltd, two brokerage houses, to provide online trading services in equities, commodities and mutual funds among others to ... STOCKS: Zuari Industries hikes stake in Texmaco to 21% Move to steer clear of crossholdings. Kolkata, April 13 Mr S.K. Poddar, son-in-law of late K K Birla, who controls Texmaco, has taken steps to steer the company clear of ... MERGERS & ACQUISITIONS: M&A deals stuck in ‘valuation’ stage Mumbai, April 13 Many merger and acquisition deals in India are stuck in the preliminary stages of talks as buyers and sellers find their views on valuations don’t quite match; in the current uncertain economic scenario, buyers fear ... ANNOUNCEMENTS: Clarification With reference to the news item titled ‘Promoters of Ballarpur Industries offload stake’, that appeared in these columns on March 27, Ballarpur ... Columnists: • Harish Bijoor • Ramanujam Sridhar • S Ramesh Kumar • Radhika Chada Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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