The newly appointed board of satyam seeks to appoint an investment bank to find a possible suitor for Satyam. The names doing round are those of Goldman, JP Morgan and Deutsche Bank.
ARCIL plans to float a fund of US$ 600 Mio for stressed assets and is expected to close in Mar 09.
FII stake continue to wane in blue chip stocks. For the quarter ended Dec 08, the combined dilution of interests in 16 SENSEX stocks is 23%.
Unitech seeks shareholder approval to raise Rs. 5000 crores in an EGM to tide through the current liquidity crisis. Earlier this week, IFCI sold 17.5 million shares of the Delhi-based realty developer the National Stock Exchange.
New year is raining reduction in PLR by banks in India. The latest announcements are from Central Bank & Vijaya Bank who have reduced its PLR to 12.5% and 12.75% respectively.
Contributed by SalilARCIL plans to float a fund of US$ 600 Mio for stressed assets and is expected to close in Mar 09.
FII stake continue to wane in blue chip stocks. For the quarter ended Dec 08, the combined dilution of interests in 16 SENSEX stocks is 23%.
Unitech seeks shareholder approval to raise Rs. 5000 crores in an EGM to tide through the current liquidity crisis. Earlier this week, IFCI sold 17.5 million shares of the Delhi-based realty developer the National Stock Exchange.
New year is raining reduction in PLR by banks in India. The latest announcements are from Central Bank & Vijaya Bank who have reduced its PLR to 12.5% and 12.75% respectively.
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