New Delhi: Investigators probing the financial manipulation in Satyam Computer suggest promoter Ramalinga Raju’s accounting skills seem to be too good to crack. Sources tell Network 18 investigating agencies have called for the services of forensic accounting experts from KPMG to c…

Read More..

NEW YORK (AP) — Oil prices flirted with five-year lows Thursday as unemployment benefit claims rose and OPEC cut demand expectations for 2009. Any belief that energy prices had bottomed out were wiped away early in the day as crude plumbed new lows for the year and more government d…

Read More..

Motilal Oswal has maintained its buy rating on HDFC Bank with a target of Rs 1200 in its January 14, 2009 research report. “(1)NII grew 22%, in line with estimate, (2) other Income grew 12% YoY, higher than estimate on the back of strong treasury profits (Rs 2.3 billion v/s Rs 1.3 b…

Read More..

NEW DELHI: HDFC Chairman Deepak Parekh, a member of the newly constituted Satyam board, said that the “Ram Myanpati is in contact with the new Satyam board and the rumors that he has fled India is wrong.” Ram Myanpati, a whole time director of Satyam for the last two years, was right…

Read More..

India’s largest IT services provider Tata Consultancy Services recorded a net profit (consolidated Indian GAAP) of Rs 1,362 crore for the quarter ended December 31, 2008 — up 2.68 per cent over the corresponding quarter figures of Rs 1,327 crore in FY07.The net profit figure, …

Read More..

MUMBAI: Around 12 noon, 189 stocks were trading at their lower circuit as selling pressure gripped the entire market. Stocks like Shoppers’ Stop, Thomas Cook, Camlin, Ballarpur Industries, Tech Mahindra, Punj Lloyd, Tanla Solutions and Pyramid Saimira touched new lows on Thursday. …

Read More..

New Delhi: Bollywood’s Munnabhai Sanjay Dutt who is UNESCO’s goodwill ambassador to fight against malnutrition is likely to have a meeting with newly elected President of the United States – Barak Obama. The meeting is likely to be in February and in New York. Sanjay is …

Read More..

Despite the pain of the last three days after Satyam’s former Chairman Ramalinga Raju revealed that the IT major’s books were doctored by Rs 7,000 crore and the stock touching Rs 10, experts feel all is not lost for Satyam’s investors. Ambareesh Baliga of Karvy Stock Br…

Read More..

Mukesh Ambani-led Reliance Industries’ (RIL) lawyer today told the Bombay High Court that the company had not signed a memorandum of understanding (MoU) with Anil Ambani’s group firm Reliance Natural Resources (RNRL) for gas supply.The MoU says the gas supply agreement is with…

Read More..

The stock hit a 52-week low of Rs792 towards the end of November’08. Thereafter, it witnessed a rally to a high of Rs1,125 in first week of January’09. The recent peak proved to be major resistance for the stock as seen in the past. Since November’08 the stock has been trading along…

Read More..