Satyam
-Sources say: Company paid arrears to eligible employees between February 23-24
-Company says submitted letters to SEBI, US SEC detailing bidding process.
-Company says no intention to register any securities in US
-Company says no intention to make public offer of securities in US

Other stocks and sectors in the news
HDFC reduces home loans rates by 50 bps effective today
Maruti Splash or Ritz likely to be launched in the second week of May
Idea forays into global long-distance business – ET
Welspun ties up Rs 700 crore for Vikram Ispat buy – ET
((Grasim sold Vikram Ispat to Welspun last year for Rs 1000 crore))
Firstsource recasts operations, to reorganize into 4 strategic units – ET
HC ask SEBI to look into Bhushan Steel’s Orissa Sponge dealings
Luxemburg-based European investment bank considering 275 million pound loan to JLR to fund R&D on reducing CO2 emission – BS
Surana Industries open offer at Rs 154.6/sh ((CMP Rs 64))
Ex-rights: Alok Industries comes out of ND period
Akruti City still in NSE F&O curb
Ashok Chawla says no proposal to hike banks’ SLR as of now
Board meets:
-Religare Enterprises to reconsider terms of proposed rights issue
((had approved rights issue of Rs 1802 cr @ 2 :3 at Rs 355/sh in Sep 08))
-Hikal on merger of wholly owned subsidiary Hikal Pharma with itself

Nifty to move to free-float methodology from June 26

Indian ADRs: HDFC Bank down 6%, Infosys down 5%, Tata Motors down 4%, ICICI Bk, Satyam down 3%

source: MOneycontrol

Tags: calls, daytrading, free calls, intraday, tips

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