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Gulf-based airline major, Emirates Airline, has informed FreePress that the company has slashed air fares across all its destinations in India with immediate effect. These revised fares will be applicable for passengers travelling to Dubai, London and New York from Mumbai. With the revised fares, a return economy class journey for Mumbai-Dubai will cost as … Read more Emirates – Air fares slashed for all Indian destinations
State Bank of India (SBI) has expressed its concern over the unsecured loan in the range of Rs 150 crore – Rs 200 crore provided to troubled Satyam Computer’s chief Ramalinga Raju six months ago. According to reports Raju availed the loan in his personal capacity to help fund the projects, which were owned by … Read more Satyam’s Raju availed 200 cr Personal Loan from SBI
India’s Largest Insurance Company – Life Insurance Company of India – LIC holds a 4.34% stake in Satyam Computer Services Ltd. We first broke the news about Satyam’s bankruptcy yesterday. The investment committee and equity research team of one of India’s major insurer – Life Insurance Corporation of India (LIC) – will meet soon to … Read more LIC yet to decide on Satyam stake
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