Archive for December, 2008
Navneet Publications (India): Margins to remain under pressure
We had a conference call with the management of Navneet Publications India (Navneet) and the key takeaways from the same are as follows.
Publication business: Navneet’s core publication business, which registered a moderate growth of 4.3% year on year (yoy) in H1FY2009 (adversely affected by government’s initiative to provide free books in schools under Sarva Shiksha [...]
Bajaj Holdings: Trading at a discount to intrinsic value
Bajaj Holdings & Investments Ltd (BHIL) is the holding company of Rahul Bajaj Group’s strategic investments in Bajaj Auto, Bajaj Finserv and Maharashtra Scooters; and investments in government securities, bonds, debentures and mutual funds. The company’s major investment is in the equity shares of ICICI Bank.
The market value of this investment portfolio stood at Rs8,037 [...]
Dinesh Thakkar CMD, Angel Broking views on Markets in 2009
Markets in 2008 & The Year Ahead !
“The year 2008 was terrifically challenging for our markets, and events dampened investor confidence when portfolio values diminished with the capitulation of prices. Therefore, we will greet 2009 with considerable scepticism. However, this is not the only time that intrinsic value, which emerged after the market carnage, has [...]
Satyam Computer Board meeting rescheduled to Jan 10
Hyderabad, India, December 28, 2008: Country’s fourth largest software exporter Satyam Computer Services Ltd. (NYSE:SAY) announced that the next meeting of its Board of Directors has been rescheduled to January 10, 2009 in order to allow the board to consider additional options.
“Satyam’s Board of Directors recognizes the serious nature of certain questions raised by the [...]
Satyam Computer December 29th board meeting postponed
Hyderabad, December 27: In a dramatic development, Satyam Computer Services Ltd’s board meeting has been postponed. The company even though not notified officially to stock exchanges, the news was spread across the media on Saturday evening.
Company sources indicated that independent director preferred to attend meeting personally, which led to the postponement.
Satyam’s board is [...]
Satyam Computer Board to meet on Dec 29
Hyderabad: Directors Board of India’s fourth largest software exporter Satyam Computer Services Ltd is scheduled to meet on Monday, December 29, 2008, to discuss proposed shares buyback issue.
Apart from buyback, many issues like corporate governance, world bank statement banning Satyam for 8 years and independent directors role also likely to come in to the boards [...]
Independent Director at Satyam quits
In an another jolt to Satyam Computer Services Ltd Chairman B. Ramalinga Raju, one of the company’s independent directors Mangalam Srinivasan has resigned on Thursday. The company has confirmed the development on Friday by notifying the same to Bombay Stock Exchange.
Mangalam Srinivasan, a US based prominent personality is believed to be upset with the ongoing [...]
Satyam Objects to World Bank Statements, seeks apology
Hyderabad, India, December 25, 2008: After facing brick bats for 10 days, Satyam Computer Services Ltd finally came out with its own defense. On Thursday, the company has vigorously objected the statements made by World Bank representatives reported recently in the press. Satyam formally requested today that the World Bank immediately withdraw those statements, that [...]
Dr. Reddys Laboratories settles patent case with 2 US companies
announces settlement of Clarinex® (Desloratadine) ANDA patent litigation with Schering Corporation and Sepracor Inc.
Hyderabad, India, December 23, 2008 – Dr. Reddy’s Laboratories today announced that it has entered into agreements with Schering and Sepracor which will allow Dr. Reddy’s to manufacture and market generic versions of the CLARINEX-D®-12 Hour and CLARINEX-D® -24 Hour products, with [...]
Ybrant’s Oridian announces Integrid Media as its exclusive distributor in India
Hyderabad, December 22nd , 2008 : Oridian, the leading brand of the Hyderabad-based Ybrant Digital Limited, the top-notch global ad network operating in the United States, the United Kingdom, Australia and 40 other countries, announced that India-based Integrid Media, an organization serving as a one-stop shop for integrated media solutions, will be its exclusive seller [...]
