With an extended weekend ahead of us, all eyes would be on the RBI policy on the 27th Jan Tuesday. Markets yet again ended the trading session with losses on Friday led by fall in the index heavyweights like ICICI Bank, SBI, Infosys and L&T. The BSE benchmark Sensex slipped 139 point…

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Larsen & Toubro has increased its stake in Satyam Computer Services from 4% to 12%. Bulk of the buying was done by the infrastructure giant on Friday. The Satyam stock witnessed huge volumes during the day. The company has not yet commented on the move. …

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Mid-sized Indian outsourcing firm Infotech Enterprises said on Friday some customers of fraud-hit Satyam Computer Services have approached it. Infotech did not name any customers in its statement to the stock exchange. …

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A Satyam board meeting is on to try and spot or select a CEO for the company. Phaneesh Murthy of iGate has been watching by the developments of the last couple of weeks and gives his perspective on the issue. Phaneesh Murthy of iGATE said his company is open to buying Satyam …

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NEW DELHI: The performance of Security and Exchange Board of India (Sebi) and other regulators such as Insurance Regulatory Development Authority (IRDA) may soon be put under scrutiny of the Comptroller and Auditor General (CAG) for their failure to detect irregularities in corporate gove…

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MUMBAI: High amount of volatility on the Indian bourses is likely Thursday ahead of index heavyweight Reliance Industries Q3 results. The cues are exceptionally contradicting – on the one hand, we have positive global markets and on the other, huge build up of short positions in ind…

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New Delhi: There seems to be a business opportunity in every crisis and the same is the case with Satyam, with a “detailed situation analysis” of the case being sold for 499 dollars. The buyer would also get a list of probable names for the post of CEO and CFO at the scandal-h…

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Colombo: Leading airline service provider Kingfisher Airlines yesterday announced that it would offer flights to seven more international destinations over the next three months. Currently, Kingfisher offers international flights to just London and Colombo, Kingfisher Airlines Ltd vice-pr…

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With the stock market remaining choppy, some insurance companies have started introducing guaranteed return products. The Life Insurance Corporation’s (LIC’s) Jeevan Aastha, Religare Aegon’s Life Guaranteed Return Plan and IDBI Fortis’ Bondsurance are some to have hit the market r…

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LONDON/NEW YORK (Reuters) – Barack Obama prepared to take office on Tuesday with bank shares tumbling, Japanese consumer sentiment slumping and the car sector teetering, and the new U.S. president has vowed to act quickly on stimulating the economy. The first African-American to be…

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