India Investing

India Investing

A wikizine where people interested in India's investment opportunities post articles.

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Written by lavanya10 on
Infrastructure development firm Maytas Infra today said it has bagged an order worth Rs 790 crore from IL&FS Transportation Networks Ltd ITNL. Read Full Story
From:   www.afp.com
The jailed founder and chairman of India's fraud-hit IT giant Satyam underwent emergency treatment in hospital on Tuesday after suffering a suspected heart attack, medical officials said. B. Ramalinga Raju was rushed into intensive care "complaining of chest pains and needs further evaluation," but was currently in a stable condition, said N. Satyanarayana, superintendent of the hospital in Hyderabad. Raju, 54, has been in jail for eight months since admitting that Satyam -- a celebrated symbol of India's international outsourcing expertise -- had falsified its assets by one billion dollars and inflated profits for years. In April, Tech Mahindra paid 600 million dollars for ... Read Full Story
Written by insuranceextra on
HYDERABAD: Maytas Properties , a closely-held firm run by the son of disgraced Satyam founder B Ramalinga Raju, has tied up with Bangalore-based Shriram Properties to develop a prime property in Chennai. It hopes to get loans from banks by pledging the sale proceeds of the developed property as collateral and raise money from banks to complete the upmarket Maytas Hill County project. “The deal will ensure funds flowing into the company in small amounts now and the major portion starting in six months when sales begin at the Chennai project. We have also discussed with the banks to let them have rights over ... Read Full Story
Written by leoforex on
Satyam Computer Services Ltd. (ADR) (NYSE: SAY) Satyam Computer Services Ltd. (ADR) (SAY), also known as Mahindra Satyam, provides information technology services and business process outsourcing (BPO) services in North America, Europe, the Asia Pacific, the Middle-East, Australia, Africa and South America. The Company offers a range of IT services to its customers, including application development [...] Read Full Story
Written by srinivasd on
Mumbai: Tech Mahindra Ltd (TechM), the new owner of the fraud-hit Satyam Computer Services Ltd, on Tuesday reported a 44% fall in quarterly profit, caused in equal parts by the cost of debt taken for buying the software firm and declining revenues from its largest client BT Group Plc. The firm’s profit for the three months ended September, its second quarter, declined to Rs169 crore from Read Full Story
The CBI team had gone to probe the alleged diversion of funds by disgraced Satyam founder B Ramalinga Raju to the country for further re-routing back in India to the fictitious firms set up by the accused, official sources said. Funds were re-routed ...  
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Trades between FIIs generated a volume of Rs 129 crore on the BSE Friday-an increase of 45.85% from Rs 88 crore clocked on Thursday. As many as seven stocks witnessed trades of 30 lakh shares on Friday.  
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KOCHI (Commodity Online): The National Multi-Commodity Exchange, India's third largest multi commodity exchange, has signed a deal with financial services company Muthoot Group to facilitate the futures trade in the guinea contract system. NMCE will ...  
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New Delhi, Nov 5 (IANS) The government Thursday more than doubled the budget for the 2010 Commonwealth Games, to Rs.1,620 crore from Rs.767 crore. The decision was taken at a cabinet meeting chaired by Prime Minister Manmohan Singh. yahooBuzzArticleHeadline = "Commonwealth Games budget more than doubled"; http://www.thaindian.com/newsportal/uncategorized/commonwealth-games-budget-more-than-doubled_100270347.html  
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DLF Limited, India's largest real estate company, recorded consolidated revenues of Rs 1,810 crore for the quarter ended September 30, 2009, a q-o-q increase of 4% from Rs 1,746 crore in Q1 FY10. EBIDTA stood at Rs 973 crore, an increase of 16% as compared to Rs 840 crore in the previous quarter. Net profit was at Rs 440 crore, up by 11% q-o-q from Rs 396 crore. The non-annualised EPS for the quarter was Rs 2.59.  
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Sensex ends down 103pts amid volatilityBusiness StandardIt was followed by SBI (138 crore), Reliance (135.46 crore), RNRL (Rs 134.57 crore) and Educomp solution (133.69 crore). Cals Refineries led the volume ...and more »  
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Indian Stocks Rise to 15-Month High; DLF, Mahindra Lead GainsBloombergOverseas funds bought a net 3.31 billion rupees ($68.2 million) of Indian stocks on Sept. 11, the Securities and Exchange Board of India said yesterday on ...Indian Stocks Fall; Sterlite, Metals Producers Lead DeclinesBloombergIndia to Release Wholesale Price Index on Sept. 17: Week AheadBloombergDeutsche Raises India's Sensex Stock Index Target on...  
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