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India asks US not to take action against Satyam

Posted on: January 11th 2010 in Market News.

Does not want Satyam shareholders to be punished twice. India has requested authorities in the United States not to take any action against scam-hit Satyam, as it would amount to punishing shareholders of the IT company for a second time. “Sebi has marshalled a request (to US Securiti…

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L&T seeks regulatory nod to sell Satyam stake

Posted on: August 5th 2009 in Market News.

BANGALORE (Reuters) – Larsen & Toubro Ltd (LT.NS : 1516.2 -3.15) has sought permission from market regulators to sell its stake in outsourcer Mahindra Satyam (SATYAM.BO : 112.95 +5.8) Ltd, a spokesman for the engineering and construction major said. L&T, which operates i…

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Stocks in news: BHEL, Sun Pharma, Geojit, Sterlite, Era

Posted on: July 13th 2009 in Press Releases.

Results today: Axis Bank, Motilal Oswal, Gammon Infra, Indowind Energy, ETC Networks, TVS Electronics, Era Infra BHEL CMD Says -In talks with Sheffield UK for tech transfer in JV (joint venture) -In casting & forging JV with Sheffield UK, to invest Rs 1,000 crore in JV -In talks …

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Satyam spike to spoil Tech Mahindra’s public offer

Posted on: June 11th 2009 in Press Releases.

BANGALORE (Reuters) – A sharp surge in the shares of Satyam Computer Services means its new parent will likely need a second preferential issue to gain a majority stake in the company at the centre of India’s biggest corporate fraud. Tech Mahindra won a auction in April for …

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Satyam may test Rs 95-96: Baliga

Posted on: June 11th 2009 in Stock Views.

Ambareesh Baliga of Karvy Stock Broking is of the view that Satyam can test Rs 95-96. Baliga told CNBC-TV18, “In Satyam you will have at least another one-two circuit before it comes off; assuming that the markets hold on at these levels. So, I think closer to Rs 95-96.” sou…

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Layoffs begin at Satyam, non-techies first to go

Posted on: June 3rd 2009 in Press Releases.

By Rachana Khanzode Though corporate affairs minister Salman Khursheed had hinted at government intervention, the first phase of layoffs has started at Satyam Computer Services . Trainers, HR and sales and marketing executives are being singled out for action by Tech Mahindra, Satyam&#82…

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Intraday calls for 02-06-09

Posted on: June 2nd 2009 in Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Buy Alstom Projects at 480, target: 500. Stoploss: 472. Buy Satyam above 58, target: 61. Stoploss: 57 (Above 58 buy for short term target of 65) Buy Time Technoplast above 44 fo…

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Stocks in news: HDIL, Tata Motors, RIL, Essar Oil, PTC

Posted on: June 2nd 2009 in Press Releases.

Results today: HPCL Bharti-MTN -Exclusive: Sunil Mittal says no proposal to revise offer for MTN right now, to remain in talks till July 31 -MTN institutional investors eye Bharti raising MTN bid to ZAR 200/share RIL – From NW18 -DGH (directorate general of hydrocarbons) object…

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Buy Ambika Cotton Mills – Call closed – 148% returns as on 09-04-10

Posted on: May 24th 2009 in Investment Ideas.

CALL CLOSED (LONG TERM INVESTORS – HOLD IT) Buy Ambika Cotton mills. Current market price: 74.90. Long term target: 149.80. Book value: 189.30. P/E ratio: 3.57 The Company’s principal activity is to manufactur…

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Systematic Investment Plans (SIP) From Mutual Funds

Posted on: May 9th 2009 in Stock Views.

When stock markets rise, most of the retail investors regret not investing in stocks when they were down. Exactly what people felt when they saw the sensex rise 50% in less than two months to cross the 12,000 mark. Instead, when markets plunge, they get scared and sell stocks or stop inve…

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