Breaking news… According to reports in a business daily, the global IT giant is the front-runner to acquire Satyam. Quoting sources close to the development, the report says that the global IT leader has begun discussions with Satyam’s government-nominated board and has expressed desire to acquire a majority stake in the company. A team of […]
SEBI approved the deal of Satyam Computers to facilitate a global competitive bidding process enabling it to sell 51% stake in the company to a strategic investor. The selected investor will be issued fresh equity of 31% and upon a successful closing of the subscription, the investor will be required to make a mandatory minimum […]
The Recession in the IT Industry and all over the world affecting Indiann Market also very badly. Thousands of people are going to be laid off. Multinational companies, outsourcing companies have started laying off people. Others have ordered a freeze on hiring. Everyday, there are fewer and fewer jobs to go around. . One more […]
RBI Says that ICICI bank is having sufficient liquidity and the bank is financially strong so depositors dont need t worry about the banks liquidity. ICICI Bank and its subsidiary banks abroad were well capitalised, the RBI assured, hours after Chief Executive K V Kamath came out with a statement, saying rumours being repeatedly circulated […]
More than 100 people killed and near to 500 people got injured in a stampede at Chamunda Devi Temple situated in a hillock at Mehrangarh fort in Jodhpur. The stampede took place at 5:30 am on Tuesday. Initial reports suggest that the stampede occurred after a wall collapsed near the entry gate which was followed […]
There is a bomb threat in mysore. Today morning Mahajana College Authorities got many calls stating bomb is been kept in the college. Police and dog squad is investigating on this issue. The news is not still confirmed by the authorities.