Investors have lost a whopping Rs 13,600 crore ($2.82 billion) in Satyam shares in less than a month, since the skeletons started tumbling out of the company’s cupboards.The market capitalisation of Satyam fell to Rs 1,607.04 crore today from Rs 15,262 crore at the end of trade on D…

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Satyam Computer is not the only Ramalinga Raju family-promoted company that fudged their books, but Maytas Infrastructure also seems to have mis-represented its financials. The difference, however, lies in Satyam over-stating its revenue, cash position and profits, while Maytas Infra unde…

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MUMBAI: Engineering and construction major Larsen & Toubro on Thursday said it is not looking at taking over Satyam Computer Services, the beleaguered IT major which is facing a Sebi prove after the disclosure of financial fraud by Ramalinga Raju, who resigned as Chairman. “We …

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NEW DELHI: The Bombay Stock Exchange will replace Satyam Computer Services with drugmaker Sun Pharma in the benchmark share index, effective Jan. 12, the spokesman for the exchange said on Thursday. National Stock Exchange said on Wednesday it would remove Satyam from its S&P CNX Nif…

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Adopting a contrarian view, Mumbai-based stock broking house India Infoline expects domestic equities market to generate a return of over 30% in 2009. The prediction stems from three broad views – India is relatively better positioned for stronger and faster economic growth than res…

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New Delhi: The case of Satyam Computer is neither the first nor the last corporate fraud to have hit India but the investors should always be on guard and ask for more information before making any investment decision, former SEBI Chairman M Damodaran said on Wednesday. At the same time…

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MUMBAI: Startled by the disclosure of fudging of accounts by Satyam founder B Ramalinga Raju, market regulator SEBI on Wednesday ordered probe into share market operations and inspection of the IT company. “SEBI has ordered an investigation into the affairs relating to buying, selli…

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MUMBAI: Martin Taylor, chairman, Syngenta AG, had in April 2008 credited his company’s outstanding performance to the worldwide rise in demand for agricultural products, which found reflection in unusually high price increases. “These rising commodity prices are a greater incentive fo…

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Adopting a contrarian view, Mumbai-based stock broking house India Infoline expects domestic equities market to generate a return of over 30% in 2009. The prediction stems from three broad views – India is relatively better positioned for stronger and faster economic growth than re…

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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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