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Satyam scrip falls again, regulator to probe acquisition bid December 19, 2008

Posted by dhirendra1972 in Asian Markets, Asin Share markets, Bombay Stock Exchange, BSE, Bse news, Bull Market, Business, Capital Market, Cellphone, Stock Market, Stock Market Talk, Stock price, Stock value, Working Capital.
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Good Evening, Satyam computers, one time very good script is showing something unusual. Satyam Computers, which is planning to buy back shares to regain investor confidence, saw its scrip slide again in Friday morning trade, while the market regulator said the IT major’s unpopular and thwarted bid to acquire two promoter companies would be examined.

 

‘We do not want to react quickly to the incident (the acquisition bid that triggered investor outrage), but we will study issues involved and then take a decision,’ Securities and Exchange Board of India (SEBI) chairman C.B. Bhave told reporters here.

 

The Satyam scrip fell about 3 percent since its previous close and was trading around Rs.166, while Maytas Infra – one of the companies Satyam was planning to acquire – saw the free fall of its share value continuing, the scrip losing another 20 percent since Thursday’s close.

 

The Maytas stock was trading at around Rs.248 during morning trade Friday, down Rs.62.10 since its previous close of Rs.310.65.

 

Satyam Thursday said its board would meet Dec 29 to buy back shares, a declaration that is being widely perceived as a move to regain investor confidence that was eroded after the cash-rich company said it would acquire two promoter firms at $1.6 billion despite widespread liquidity squeeze.

 

Both firms are owned by the sons of Satyam’s chief promoter B. Ramalinga Raju.

India – A Highly Growing Telephone Connections Market October 27, 2008

Posted by dhirendra1972 in Business, Cellphone, Finance, Insurance, Marketing Talk, Online Marketing, Stock Market Talk, Telephone News.
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Good Morning Friends,

I was reading news paper and I read TRAI news on new telephone connections during September 2008.

 

Telecom Regulatory Authority of India (TRAI) said on Friday that a total 9.79 million telephone connections (Wireline and Wireless) have been added during September 2008 as compared to 9.03 million connections added in August 2008.

 

The total number of telephone connections reaches 353.66 million at the end of September 2008 as compared to 343.87 million in August 2008, said a press release from TRAI. With this growth, the overall tele-density has reached 30.64 per cent at the end of September 2008 as against 29.83 per cent in August 2008.

 

The total wireless subscribers (GSM, CDMA and WLL(F)) base stood at 315.31 million at the end of September 2008. A total of 10.07 million wireless subscribers have been added during the month of September 2008 as against 9.16 million wireless subscribers added during the month of August 2008.

 

In the wireline segment, the subscriber base has decreased to 38.35 million in the month of September 2008 as against 38.63 million subscribers in August 2008 registering a drop of 0.30 million.

 

Total Broadband subscribers base has reached 4.90 million by the end of September 2008 as compared to 4.73 million by the end of August 2008.

 

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