Wednesday, January 14, 2009

Stocks In Action for the days: TCS, Wipro & Infosys up for the day while Satyam & Maytas Infra will trade in action

Indian ADRs: Satyam down 10%, Infosys up 6%, Wipro up 7%, ICICI Bank up 2%.

Results today: HDFC Bank, NIIT Tech, Supreme Industries, SBI Home Finance, Gruh Finance, GTL Infra, Honda Siel Power

Satyam Saga: -Sources say discussed Rs 520 crore package for working capital and salary requirements of company. -TR Prasad resigns as director from TVS Motors, also resigns from GMR Infra, DIAL & Nelcast

Vivek Paul quits TPG – ET (Rumours suggest he will be the next CEO of Satyam)
Andhra Pradesh government plans corp coup at Maytas – TOI (company may lose Hyderabad metro project)
J Sagar Associates to defend PwC in Satyam case – ET
TCS bags some of Satyam’s world bank project
E&Y may snap ties with Maytas – ET
IT SEZ to get 100% waiver, TCS, Wipro, Infosys to benefit – ET
Praful Patel says government considering proposal to allow 25% FDI in Aviation
Unitech Corporate Parks: -Analysts raise questions on Knight Franks' valuations of UCP prop
-Alert: Unitech Corporate Parks is AIM-listed fund promoted by Unitech
UCP says -Looking at buying back UCP shares from AIM, need Unitech shareholder approval
DoT says: -Tata Communication expects to raise Rs 430 crore from stake sale in Tata Tele
-Tata Communication board approves non-debt funding for annual operating Plan
-Tata Tele-NTT DoCoMo transaction closure expected by January-end
DoT to CCEA: Suggests three alternate reserve price levels for 3G auctions
Siemens India transfers Siemens Info Systems to Siemens AG Arm for Rs 449 crore
MundraPort signs MoU with Gujarat Govt, to expand facilities with investment of Rs 15K cr
NTPC board approves investment of Rs 6,037 crore for various projects
Binani Cement to set up new 2.5 MTPA cement plant, estimated cost Rs 825 crore
HOV Services board approves buyback up to Rs 50/sh ((CMP Rs 32.75))
Alfa Laval says reduced capacity & costs due to decline in demand
Results update: Motilal Oswal Q3: -Total Revenues at Rs 96.2 crore, down 30% (QoQ), down 59% (YoY)
-OPM at 36.7% vs 39.6% (QoQ) & 37.47% (YoY) -Net Profit down at Rs 20.4 crore, down 25% (QoQ), down 62% (YoY).


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