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. …

Read More..

After breaching the psychologically important 10-K level, the Bombay Stock Exchange 30-share index fell by 7.63 per cent in the week under review as Foreign Institutional Investors pulled out at the year-end.Negative factors such as lacklustre trading in global markets in view of Christma…

Read More..

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…

Read More..

Foreign institutional investors (FIIs) were net sellers of Rs 344.91 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 207.09 crore, gross sales totalled Rs 552 crore. Domestic institutional investors (DIIs) were net sellers of Rs 6.95 cro…

Read More..

New Delhi: The government on Friday said that it has approved Suzlon Energy’s plan to raise Rs1,800 crore via allotment of shares to the existing shareholders including non-resident Indians through a rights issue, which the wind power major has apparently suspended. The Cabinet Committ…

Read More..

Hong Kong: Asia stocks edged up on Friday and Japan’s Nikkei average posted its highest close in six weeks as investors bet a raft of government measures will help the global economy recover next year. The dollar and yen slipped as portfolio managers shifted some funds into riskier ass…

Read More..

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…

Read More..

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…

Read More..

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 …

Read More..

The country’s second largest realty firm, Unitech, has reduced its workforce by about 10 per cent, out of a total of 1,700 employees, as part of its cost-cutting measures. Besides downsizing employees strength over the last 4-5 months, …

Read More..