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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.

Indian stock markets remain closed today November 27, 2008

Posted by dhirendra1972 in Asian Markets, Bombay Stock Exchange, BSE, Bse news, Business, Capital Market, Finance, financial market, indian stockmarket, Insurance, Marketing Talk, NSE News, Online Marketing, Stock Market, Stock Market Talk.
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Indian government has decided to keep the Mumbai Stock Exchange (MSE) closed today (Thursday) due to the horrific night that saw the most deadly terror strike in Mumbai, the financial capital of India, which left over 100 people killed and 900 injured.

 

Trading on India’s Bombay Stock Exchange and National Stock Exchange markets will remain closed on Thursday, a spokesman for India’s capital markets regulator said, after a series of attacks in the financial capital Mumbai.

 

Government had already announced for the schools and colleges to remain closed as the situation in the city was tensed and sensitive due to terrorists who have been holding innocent people under captive as hostages in two five star hotels in Mumbai and army and commandoes had been called in to take the situation under control.

Stock market craze lands youth at shrink’s desk – 1 November 5, 2008

Posted by dhirendra1972 in Debt, Doom Market, Fortune, Golden Career, Stock Market.
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Good morning friends.  I read the news here in our city  about the stock market.  I have read this at yahoo India site.  I want to share it with you.

 

You have to meet this father to know how bloodbath at the stock market can weaken even bonds of blood, shake the very foundations on  which one raises children whom people expect to be their support in old age.  Pratap Mehta who is on the verge of retirement has used up his entire life’s income to pay off his 28-year-old son Maheshs Rs 30-lakh debt. Not only that, the 58-year-old man is also trying to keep Mahesh away from investing in the doomed markets, to which he was addicted when the bulls were on rampage to strike it rich.

After losing all his fortune, Mahesh believes that though he has learnt his lesson the hard way, he just needs some more cash to get the family out of financial trouble!

“I just need Rs 50,000 to get us all out of trouble. I know that Ive made a mistake by breaking the golden rule of not reinvesting capital but trading only on profits. Please, dad, give me a second chance,” Mahesh pleaded with his father. On hearing this, Pratap thought it fit to take Mahesh to an expert to make him see some sense.

Mahesh is one of those who not only lost their money but also a golden career. He used to work at Infosys in Bangalore drawing a salary of Rs 60,000 a month. However, he got so hooked to trading that he got obsessed with recovering his fortune lost in the markets. In the process, he also lost his job.

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