MUMBAI: The promoters of Satyam Computers, currently facing the wrath of shareholders over corporate governance issues, used to own as much as 25.60 per cent equity in the company till few years ago before reducing their stake in phases. A look at the shareholding pattern of the company …

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LONDON (AP) — World stock markets were seeing out 2008 in a bruised and confused state after a year of dizzying turmoil, with stocks in Europe and Asia little changed Wednesday in light trading. In very modest shortened New Year’s Eve trade, the FTSE 100 index of leading Brit…

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Crude falls as bad economic news drowns out conflict in the Middle East and supply concerns COLUMBUS, Ohio (AP) — Oil prices fell Tuesday as consumer confidence in the U.S. hit an all-time low in December and home prices dropped sharply, with few signs that the real estate market h…

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By Peter Coy Here are some of the worst predictions that were made about 2008. Savor them — a crop like this doesn’t come along every year. 1. “A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and kee…

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New Delhi: Battered by the aborted twin Mytas firms’ acquisition fiasco and an eight-year ban imposed by the World Bank on it, Satyam Computer Services is all set to undergo a major restructuring, course for which will be decided in the board’s deferred meeting on January 10. …

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LIC picked up 160,000 shares of HDFC Bank from the open market, hiking its stake in the company to 5.01% from 4.97% earlier. The equity holding of the insurer has increased by 0.04% in the HDFC Bank. Life Insurance Corporation of India (LIC), has reportedly increased its stake in HDFC Ba…

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State run Bharat Heavy Electricals (BHEL) today said it has bagged a Rs 5,040 crore contract from Jindal Power for setting up 2,400 Mw power plant in Chhattisgarh. BHEL would install four units of 600 Mw each in O P Jindal super thermal power plant at Raigarh in Chhattisgarh. …

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New Delhi: They used to be an avenue of mutual gains for investors in both good and bad times for years, but incurred heavy losses in 2008, when mutual funds (MFs) became poorer by about Rs150,000 crore or about one-third of their total size. Such has been the impact of these losses, whi…

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Private equity investments in public firms have tanked as much as $2.24 billion so far this year, thanks to the massive erosion in equity markets as well as the present economic downturn, a latest study says. “Due to continuous downfall and rough market conditions of 2008, the over…

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New Delhi: The World Bank has rejected Satyam Computer Service’s demand to withdraw a statement by which the organisation imposed an eight-year ban on any business with the IT major. Satyam Computers had earlier asked the international lender for an apology for its statement …

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