Corporate News
Anand Mahindra to visit Satyam Campus on Monday
Hyderabad. . Anand Mahindra, VC & MD, Mahindra Group & Chairman, Tech Mahindra is vising Satyam Computer Services Ltd campus in Hyderabad on Monday.
Mahindra along with his senior management team will meet government appointed board of Satyam and other senior officials of fraud hit IT firm.
Back ground of Satyam-Tech Mahindra deal:
Satyam Computer Services Ltd. (NYSE: [...]
Gas Production Starts from RIL Dhirubhai 1 and 3 Discoveries in the KG-D6 Block
~In a record time of six and a half years, as against world average of 9-10 years for similar deepwater facilities ~
~ Will transform India’s energy landscape and is expected to double the current level of indigenous gas production ~
~ One of the World’s largest Deepwater Production Facilities ~
~ RIL joins elite league of Global [...]
Satyam Announces Commencement of Process to Select an Investor
Hyderabad, INDIA, March 9, 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the “Company”) announced today that it is commencing a competitive bidding process which, subject to receipt of all approvals, contemplates the selection of an investor to acquire a 51% equity interest in the Company.
Based on the Securities and Exchange Board [...]
Satyam Board Appoints Goldman Sachs & Avendus as Investment Bankers
Hyderabad, INDIA, January 27, 2009: Satyam Computer Services Limited (NYSE: SAY) today announced key decisions at its Board meeting on 27th January, 2009, in Hyderabad.
Today’s board meeting – the fourth since its reconstitution on 10th Jan 09 – was chaired by Mr. Manoharan. The Board had earlier met on 26th Jan 2009, for over three [...]
Reliance Mobile Launches GSM Services in Mumbai
Reliance Mobile offers 100% savings to GSM customers with Sub-Rs. 300 ARPU
Reliance Mobile GSM offers Free Local Talktime of Rs. 900 on any network
Offers unlimited calling on Reliance Network between 11 pm to 6 am
Reliance Mobile GSM SIM available at one-time charge of Rs. 25
Reliance Communications, India’s largest and only telecom service provider to offer [...]
Dr Reddys appoints Umang Vohra as CFO
Hyderabad, Jan 02, 2009: Dr. Reddy’s Laboratories Ltd. (NYSE: RDY) today announced the appointment of Mr. Umang Vohra as the new CFO of the company. Umang was the Deputy CFO and his elevation has been part of the company’s leadership development and transition programme. He joined Dr. Reddy’s in 2002 from PepsiCo and has been [...]
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 [...]
