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Tuesday, April 14, 2009
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WEB EXTRAS

OUTLOOK: Challenges before Tech Mahindra
Hyderabad, April 13 It’s now just a formality before Tech Mahindra takes over the reins of the fraud-hit Satyam Computer Services. But embracing Satyam into its fold is not going to be an easy task for ...

MERGERS & ACQUISITIONS: Uncertainty ends for Satyam staffers
Hyderabad, April 13 For thousands of employees at Satyam Computer Services, it is the end of the suspense and uncertainty that marked three turbulent months at the ...

GENERAL INSURANCE: ‘Profits from overseas biz will compensate for underwriting loss in domestic market’
Commission rates paid to insurance cos reduced by 5-10%: GIC Re. Mumbai, April 13 General Insurance Corporation of India (GIC Re) hopes to make good the likely underwriting losses in the domestic market by better returns from its overseas ...

MERGERS & ACQUISITIONS: Industry lauds swift action
Bangalore, April 13 Besides providing a sense of relief to the Indian IT industry, the successful bidding process for the beleaguered Satyam has sent a strong signal reassuring investors and clients ...

COMMODITY MARKETS: Cardamom maintains upward trend
Prices hit Rs 585/kg; tight supply results in buying support. Cardamom prices continued their upward swing with good domestic buying support on tight supply, especially on account of holidays, with the individual average price shooting up to Rs ...

E-GOVERNANCE: Rlys earns 9% more on scrap in 2008-09
High commodity prices in the first half of 2008-09 fiscal and increase in scrap volumes have helped the Indian Railways earn about Rs 3,005 crore by selling rail scrap in 2008-09, according to initial estimates. This is almost nine per ...

SOFTWARE: Satyam has 48,000 staff on its rolls
Satyam Computer Services currently employs 48,000 people on its rolls. It had lost around 5,000 employees during the September-March period of the ...





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Markets (April 13)
Nifty (at close)3382.60(+40.55)
US Dollar (Buy/Sell)49.88/90
Brent crude (a bbl) Rs2,578
Gold (a gram) Rs1,348
Silver (a kg) Rs21,620


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