FreePress India

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%

We have just receivd confirmation that M B. Ramalinga Raju, founder of Satyam Computer Services Ltd has resigned from the board of directors. He also wrote a letter furnishing details of the balance sheet. Satyam Computers Stock has fallen by 27% to Rs 127 after the  news broke out. B. Raju shall continue in the … Read more Ramalinga Raju Resigns from Satyam Board