Andhra Pradesh High Court today dismissed the bail petitions of B Ramalinga Raju and seven other accused in the multi-crore Satyam computers accounting fraud.
Tuesday 30 August 2011
Mahindra Satyam-Tech Mahindra will appoint bankers to finalise merger details
Mahindra Satyam-Tech Mahindra will appoint bankers to finalise merger details
Legal advice has been sought to settle tax issue with govt before merger. The company is in talks to negotiate tax settlement but may even push the merger process to January if the tax case is not settled.
Lanco Infra arm Griffin terminates coal supply pact with Perdaman
Lanco Infra arm Griffin terminates coal supply pact with Perdaman. Griffin Coal said Perdaman has time till Oct 15 to meet supply norm
Maruti Suzuki is likely to resume by today
Maruti Suzuki is likely to resume some operations at its Manesar plant in Haryana todyaand may even employ temporary contract workers at the plant. Maruti has suspended nearly two-dozen workers at Manesar and has alleged deliberate tampering with components by some workers.
GDP Data shows slowdown in Indian economy
The Indian economy grew a meagre 7.7% in the first (April-June) quarter of fiscal year 2012 as against 9.3% recorded in the same quarter last year.
The slowdown was mainly due to manufacturing sector, which grew 7.2% during the quarter versus 12.7% on year-on-year basis.
Ariculture output showed an improvement, expanding by a robust 3.9% over 2.4% (YoY), the mining and quarrying sector grew by a minuscule 1.2% growth as against 7.7% growth in the first quarter of the previous fiscal. Construction took a major beating, growing a meagre 1.2% annually.
The services sector, including insurance and real estate, grew by 10% during the quarter, compared to 9.8% expansion in the corresponding period last year, while industry grew by 5.1%.ONGC FPO on September 20
ONGC is likely to hit markets on September 20. It is likely to file FPO documents with SEBI by September 8.
Subscribe to:
Posts (Atom)