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Editor's Desk Satyam Computer Services will be taken off the benchmark NSE Nifty index with effect from January 12, 2008 and will be replaced by Reliance Capital. The company’s weightage on the Nifty plunged to a mere 0.15% at close of trade on Wednesday. The company’s chairman Ramalinga Raju resigned on Wednesday after making startling revelations of … Read more Satyam out of NSE Nifty from Jan 12
Foreign institutional investors (FIIs) were net sellers of Rs 1,111.25 crore (provisional) in the cash market on Wednesday, according to information available on the BSE website. While FIIs made gross purchases of Rs 2,496.52 crore, their gross sales amounted to Rs 3,607.77 crore. Domestic institutional investors (DIIs) were net sellers of Rs 505.49 crore (provisional) … Read more FII sell Rs 1,111 cr in cash market on Wednesday
The crisis surrounding Satyam Computers Ltd has now blown to group company Maytas Infrastructure. Realty major Maytas Infra’s Chairman R C Sinha stepped down from the post of non executive director and chairman of the company citing personal reasons, the company informed the National Stock Exchange and FreePress. Will B. Rama Raju’s son step in … Read more Satyam Crisis Blows to Maytas Infra – Chairman Quits
IVRCL Infrastructures and Projects (IVRCL) has completed the construction of Asia’s largest naval academy building complex at Ezhimala in Kerala. The constructed buildings include the headquarters wing, technical wing, auditorium and library, spread over a total area of 7-50 lakh square feet with ultra modern facilities. The auditorium has a unique feature of a Tiered … Read more IVRCL Infra completes Asia’s largest naval academy complex
Major steel producer, Tata Steel, has registered sales down by 14%, to 1.07 million tonnes for the quarter ended December 2008 compare to a last year period despite a growth of 27% sales of long products, which is mostly demanded by the construction industry. The company witnessed an increase in hot metal production by 23%, … Read more Tata Steel sales down 14% in Oct-Dec 2008
Major commercial vehicle maker, Ashok Leyland, has registered domestic sales down by 74%, to 1,420 units in December 2008, against 5,488 units in a year ago period. However, its exports have increased by 8%, to 901 units over 852 units. The company witnessed fall in production by 86%, to 960 units in last month compare … Read more Ashok Leyland’s domestic sales plunge by 74%