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Sunday, June 21, 2009
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PERFORMANCE: Govt help could come with strings attached: AI chief
TOUGH CALL. New Delhi/Mumbai, June 20 The Air India Chairman and Managing Director, Mr Arvind Jadhav, has asked the airline’s 31,500 employees to rise to the challenge that the current financial crisis ...

OPEN OFFERS: Satyam Computer — Open Offer: Reject
Investors who hold shares of Satyam Computer Services can reject the open offer made by Tech Mahindra. The offer price appears unattractive in the light of Satyam’s future prospects, with the recent financial disclosures showing ...

INTERVIEW: ‘REpower has much more to offer’
Mumbai, June 20 A week after Suzlon acquired German wind power major REpower for $2 billion, Mr Tulsi Tanti, Chairman, Suzlon Energy, takes time off in his Pune office to explain the reasons for taking the deal forward as also the ...

DIVIDEND ANNOUNCEMENT: NLC’s net falls due to drop in generation, pays Rs 2
Subsidiary set up to acquire coal mines abroad. Chennai, June 20 Neyveli Lignite Corporation (NLC) has reported a fall in its net profit for 2008-09 to Rs 821 crore from Rs 1,101 crore for the previous year. This was because until the end of the ...

ALLIANCES & JOINT VENTURES: TRF in pact with Tata Capital, Jasper
...

BUYBACK: Rain Commodities’ buyback
Rain Commodities Ltd will buy back its own fully paid up equity shares of Rs 10 each to the extent not exceeding 40,56,801 equity shares. This would account for 5.73 per cent of the total paid-up equity capital of the Hyderabad-based company. ...

ACCIDENTS: Expert team to probe ECIL fire
ECIL has launched an investigation into the major fire accident in its factory premises that claimed the life of a woman and caused burn injuries to nine others. An Accident Investigation Committee with specialist assistance to look into the ...

SOCIETY & DEVELOPMENT: Alloy Steel Plant’s social initiative
Under its Corporate Social Responsibility (CSR) scheme, Alloy Steels Plant, Durgapur, launched on Friday a social development programme at Chapadanga, a tribal village located about 15 km from Durgapur. Under the programme, 50 low-cost ...

AUDITING: Quizzing on auditors at Infosys AGM
Bangalore, June 20 The Rs 7,000-crore Satyam fraud that took the country by surprise early this year seems to have an everlasting impression on the mind of ...

OUTLOOK: Suzlon looks to cut manufacturing costs for REpower
Chennai, June 20 Suzlon Energy Ltd, which now controls about 91 per cent of REpower Systems AG of Germany, plans to reduce costs for the German wind turbine manufacturer by sourcing parts from low cost ...

PERFORMANCE: Delve deep into reports
Yet again it is that time of the year when companies give out their year’s performance and the mail brings in glossy, thick annual reports. These reports are usually a treasury of information about a company and careful reading could ...

Columnists: C Gopinath Harish Bijoor Ramanujam Sridhar Radhika Chada K Srikrishna




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Markets (June 19)
Nifty (at close)4,313.60(+62.20)
US Dollar (Buy/Sell)48.08/09
Brent crude (a bbl) Rs3,357
Gold (a gram) Rs1,353
Silver (a kg) Rs23,630

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