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Archive for April, 2009

Share allotment- Educomp Solution..

Educomp Solutions Ltd has informed BSE that Remuneration Committee of the Company on April 30, 2009 has allotted 3,190 Equity Shares of the Company to the respective employees who have exercised their conversion option under ESOP Scheme 2006 & ESOP Scheme 2007. Post allotment Paid-up capital of the Company has increased from Rs 17,29,18,100 consisting […]


Inflation rose @ 0.57% in 12 months…

India’s wholesale price index rose 0.57 per cent in the 12 months to April 18, above the previous week’s annual rise of 0.26 per cent, government data showed on Thursday.   It was above a median forecast of 0.09 per cent in a Reuters poll of analysts. The annual inflation rate was 8.23 per cent […]


Satyam story – Actual Inflated 27,167 crore in 7Years…

According to sources in the Serious Fraud Investigation Office (SFIO), the agency probing into the Satyam scam, the IT company’s offshore exports were inflated by over Rs 4500 crore over a period of seven years. Further, foreign currency of Rs 1,940 crore from exports over six years was not remitted to India. Sources say the […]


Bharti Airtel- Stock Split & results…

The company’s board has approved stock split from face value of Rs 10 to Rs 5. Bharti Airtel has announced its fourth quarter numbers of FY09. Its (US GAAP – generally accepted accounting principles) net profit increased 3.7% to Rs 2,239 crore versus Rs 2,159.3 crore on QoQ basis. Its net sales were up 2% […]


Stock Market views – Along with experts…

The benchmark indices saw a significant sell-off in today’s trade and closed the session sharply lower due to cues from weak global markets, which tanked on renewed concerns over financial system. Profit booking was seen in rate sensitives, infrastructure, telecom and oil & gas exploration. The Sensex broke the 11,000 mark during the day while […]


Bank of Baroda- Satyam Scam…

·         The Serious Fraud Investigation Office (SFIO) seeks probe into Bank of Baroda’s New York branch role in the Satyam scam by an appropriate authority, reports CNBC-TV18, quoting sources. The New York branch account was used allegedly to show non-existing current account balance.   ·         SFIO has informed the Ministry of Corporate Affairs (MCA) about […]


Global market is rebuiliding- India & China leads…

Over the last four or five weeks, hopes have been raised that we may slowly be clawing out of this vicious bear market that has plagued this world for the last one-and-half-years. We don’t know whether the process of rebuilding and recovery has started but some experts are beginning to say, for the first time […]