Subscribe: Posts | Comments | Email
June 13, 2009 by | 2 Comments
Sebi has notified new delisting norms under which a company could be delisted only if the promoter hikes his stake to 90 per cent or acquires at least 50 per cent through a share purchase offer giving the shareholders an exit opportunity. Sebi has also framed conditions for the bourses regarding cases of compulsory delisting [...]
June 13, 2009 by | No Comments
In the face of surge in stock prices of Satyam to about Rs 81 a share on the eve of the open offer for beleaguered company, its new owner Tech Mahindra on Thursday said it will not hike the offer price. “Our agreement with the market regulator SEBI is for Rs 58 a share (the [...]
June 12, 2009 by | No Comments
Baroda Pioneer AMC on Wednesday launched Baroda Pioneer Treasury Advantage Fund, an open-ended debt fund, which aims to provide optimal returns and liquidity by investing in a portfolio comprising of debt securities and money market instruments. The Fund is designed in such a way that investors are provided with investment avenues for their short-term surpluses [...]
June 12, 2009 by | 1 Comment
The India’s Index of Industrial Production, or IIP for April bounced back into the positive zone after two straight months of contraction. The index of industrial production rose 1.4 per cent in April, from a revised 0.75 per cent decline in March. “It’s good news and more than what the Street expected. But the IIP [...]
June 12, 2009 by | No Comments
One of the top executives of Satyam Computer is considering selling his shares in the open offer beginning tomorrow, even as the scam-hit IT firm is trying to come out of woods under its new owner and guided by government-appointed directors. Without naming the executive, NYSE-listed Satyam said in a regulatory filing that the person [...]
June 11, 2009 by | No Comments
ONGC Mittal Energy (OMEL) intends to start the first phase of hydrocarbon exploration in Nigeria by August in Block OPL-285. OMEL is a joint venture between ONGC Videsh Ltd (OVL) and Mittal Investments, the private investment company of Mittal family. Mr Sudhir Maheshwari, Managing Director, Mittal Investments, said “The first rig is to go down [...]
June 11, 2009 by | No Comments
The Prime Minister, Dr Manmohan Singh, has said the Indian economy could achieve growth rate of 8-9 per cent even if the world economy did not do well. Winding up the discussion on the Motion of Thanks on the President, Ms Pratibha Patil’s address to the joint sitting of Parliament last week, Dr Singh also [...]
June 11, 2009 by | No Comments
Inflation slipped to 0.13 per cent for the week ended May 30, the lowest ever in over three decade, a development that could hasten the process of rate cuts by the banks. While the wholesale price index stood at 0.48 per cent in the previous week, the rate of price rise was 9.32 per cent [...]
June 11, 2009 by | No Comments
Tech Mahindra Ltd. doesn’t plan to increase its open offer price for 20% of Satyam Computer Services Ltd., Chief Executive Vineet Nayyar said Wednesday. Satyam’s shares have risen well past the 58 rupees ($1.2) offer price after it surprised the market with a profit in the third quarter. Analysts said Tech Mahindra now has little [...]
June 10, 2009 by | 1 Comment
ONGC on Thursday 28 May 2009 said it may invest $1.01 billion in Cairn India’s Rajasthan oilfields even though the project offers negative returns as the public sector firm is liable to pay all the statutory levies. Oil and Natural Gas Corporation holds 30% in oilfields where Cairn has proposed $2.4 billion investment in producing [...]
Duis aute in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur non proident fugiat nulla pariatur.
Fugiat nulla pariatur Enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.