Wednesday, December 31, 2008

Stocks in Action for the day: Satyam, Maytas Infra, Rel Comm & MTNL

Indian ADRs: Satyam up 4%, Infosys up 2%, Wipro down 3%, Tata Motors down 1%
Exclusive: Krishna Palepu Says: Didn't Know Of Satyam Promoters Pledging Shares, Margin Call Pressure
HP exploring strategic stake in Satyam – ET
Satyam Seeks Time Till Jan 10 From RoC To Submit Reports on Maytas Valuation
Maytas Infra looking to raise $500m, looking to rope in PE partner in real estate venture or sell assets – ET
Exclusive: Sources Say
Over 95% Shareholders Of Imperial Energy Approve Buyout By OVL
Imperial Energy To Be Delisted From LSE Over Due Course Of Time
Exclusive:
Niraj Bajaj Says Family Settlement Amicably Arrived At, Formal Settlement In A Couple Of Days
Airline cos cut fares up to 80% starting Jan 1
Reliance Comm launches GSM service all over India
Punjab Tractors to sell 14% stake in Swaraj Mazda to Sumitomo Corp for Rs 272/sh, deal to be completed on Jan 6
IDBI in talks to acquire 25% stake in GE’s construction equipment finance biz – ET
Gati may buy a Chinese cargo co for $5m – ET
MTNL defers Suntel buy – ET
Hyderabad police searched JM office in connection with Nagarjuna Fin case – DNA
Board meets:
In House Productions to mull selling investment in New Age Entertainment

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