Euronext approves Satyams application to delist ADSs
Hyderabad, INDIA, April 21, 2009: Satyam Computer Services Ltd. (NYSE: SAY; BSE: SATYAM; NSE: SATYAMCOMP) (the “Company”) announced today that on April 17, 2009 Euronext Amsterdam N.V. approved the Company’s application for delisting from NYSE Euronext, the regulated market of Euronext Amsterdam (“Euronext Amsterdam”), of its American Depositary Shares (”ADSs”), subject to the following conditions:
1. [...]
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: [...]
PFC Net Profit for FY 08-09 up 12.3%
Mumbai, April 17th, 2009: Consistent with its higher volume of operations, Power Finance Corporation’s (PFC) Net Profit rose by an impressive 12.3% to touch Rs 1355 crore for the FY 2008-09 as against Rs.1207 crore posted during FY 2007-08.
While the loan sanctions of the Corporation touched Rs.57,030 crores against MoU Excellent Target of Rs. 50,600 [...]
Citi Reports First Quarter Revenues of $24.8 Billion
Net Income of $1.6 Billion, Loss Per Share of $0.18
Positive EPS Excluding the $0.24 Impact of Resetting the Conversion Price of Certain Preferred Shares
Net Income Primarily Driven by Improved Performance in Institutional Clients Group and Continued Expense Reductions
New York, NY – Citigroup Inc. today reported net income for the first quarter of 2009 of $1.6 [...]
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 to seek regulatory aproval for stake sale plan early next week
HYDERABAD, India, Feb. 21, 2009: Satyam Computer Services Limited (NYSE: SAY), a global Consulting and Information Technology services provider, today confirmed that it is back to its winning ways, riding on the relentless efforts of the newly constituted Board to restore stakeholder confidence and ensure business continuity.
Mr. Parekh said that “The Board today approved the [...]
Satyam Board names AS Murthy as Chief Executive Officer
Appoints Mr. Homi Khusrokhan and Mr. Partho Datta as Special Advisors to Board; Move aimed at strengthening management and financial areas
HYDERABAD, India, Feb. 05, 2009: Satyam Computer Services Limited (NYSE: SAY), a global consulting and information technology services provider, today said that its full Board met over two days (4th and 5th Feb 2009) along [...]
Piramal Healthcare Acquires U.S. Inhalation Anesthetic Gas Distribution Business of RxElite
Mumbai, January 27, 2009: Piramal Healthcare Limited (“Piramal”) [NSE: Pirhealth, BSE: 500302], one of India’s largest pharmaceutical and healthcare companies, and RxElite, Inc. [OTCBB: RXEI.OB] jointly announced today that Piramal has acquired the entire issued outstanding capital stock of RxElite Holdings, Inc. (“Holdings”), the wholly owned subsidiary and the inhalation anesthetic gas distribution arm of [...]
GlaxoSmithKline Consumer Healthcare records 21% growth
§ Sales up 21% and Profits up 16%
Highlights for the Year
§ High double-digit growth in Sales and Profits for second consecutive year in 2008
§ Recommended a Final Dividend @ 50%, a total of 150 % for the year
§ Focus on existing and new products through innovation
§ Cost curtailment initiatives to control cost of inputs
§ Aggressive [...]
