HCL, MindTree in the fray. Facing the threat of a hostile takeover by a domestic or overseas company, including private equity firms, Satyam Computer Services’ management and some of its institutional investors are exploring a merger with another software company. …

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LONDON: Investors begin the first full week of 2009 trading on Monday with one question in mind: Is the worst over? Given that a 38 per cent loss on the broad US S&P 500 stock index last year was actually one of the better performances on stock markets, it is hard for some investors …

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The promoter holding in Satyam Computer Services has dropped by over three per cent to 5.13 per cent following share sale by lenders, with whom Ramalinga Raju and family had pledged all their shares. In a stock exchange filing, the company said that Satyam Chairman Ramalinga Raju held 8….

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The government’s second economic stimulus package, along with the Reserve Bank of India’s (RBI’s) decision to further cut policy rates as well as the cash reserve ratio — the amount which banks have to park with the central bank — has shown some hope for the stock markets, sa…

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The government on Friday unveiled the second and final round of its fiscal stimulus package, soon after the Reserve Bank of India announced cuts in repo and reverse repo rates and cash reserve ratio to fight the economic slowdown. The measures failed to satisfy analysts and observers, th…

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MUMBAI: Brokerages have begun handing out free demat and broking accounts in their bid to encourage equity investments among retail investors. Though such a generous marketing idea increases the burden on account books of brokers by about Rs 300 per fresh account opened, it will go a long…

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Madhu Kela, Head-Equity Investment, Reliance Mutual Fund, does not see a runaway rally in 2009. “We may see a bit of sell-off post earnings, but won’t see a new low. However, the markets are unlikely to break below October 2008 lows.” According to him, the upper range f…

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If 2008 was the year that witnessed an unprecedented crisis of confidence, 2009 could be one of re-building confidence among market participants. With inflation coming down, leading to lower interest rates, several blue chips are at multi-year lows and insurance companies are showing a m…

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NEW YORK: Industrialist Anil Ambani continues to be on the focus of US magazine Forbes but this time around for topping the list of ‘Billionaire Blowups of 2008’ by virtue of turning the biggest loser of wealth in less than a year of being touted as the biggest gainer in the w…

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Year 2008 was rough. It was a year where past excesses and lack of foresight led to perhaps the greatest recession in history; a year of reorganisation of world powers; and a year that ended in terrorist attacks on India that called into question the effectiveness and adequacy of our gove…

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