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Chalanachithram.com DB » TF Industry related » Archive through June 16, 2009 » Satyam granted 1-yr extension to complete SEZs « Previous Next »

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Anand_n
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Username: Anand_n

Post Number: 4472
Registered: 02-2008
Posted From: 167.24.104.150

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Posted on Monday, June 15, 2009 - 12:06 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Bhikhu:

Anand garu h r u




I am good :-) Emiti kottaga adugutunnaru :-)

Scallion:

Any info regarding their new terms




No- monna friday bench email vachindi ani news chusanu...Wipro promptly said they are willing to absorb the laid off people if they fit ani statement ichindi
aa chal ke tujhe main leke chalu ik aise gagan ke tale
jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale
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Jkm
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Username: Jkm

Post Number: 3174
Registered: 02-2008
Posted From: 216.235.145.222

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Posted on Monday, June 15, 2009 - 10:50 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:

Satyam Back In Top 100 Market-cap Bracket



satyam is going to bounce back. will rise like a phoenix from ashes.
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Scallion
Junior Artist
Username: Scallion

Post Number: 180
Registered: 05-2009
Posted From: 65.217.188.20

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Posted on Monday, June 15, 2009 - 10:41 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Satyam Back In Top 100 Market-cap Bracket

(RTTNews) - Fraud-hit Satyam Computers Services (SAY: News ) is back into the group of top 100 companies in terms of market valuation, reported the PTI. The market capitalisation of the company grew to about Rs.7,800 crore following the disclosure of its profits that led to a sharp rally in its share price.

The IT giant faced a serious crisis in January following its founder Ramalinga Raju's disclosure about fraud and its share price tumbled to all time lows.

Tech Mahindra acquired a controlling stake in Satyam through a bidding process. Since then, the comapny's market valuation has increased to around Rs.8,799 crore, with its shares more than doubling to Rs.722 on June 12 compared to Rs.359.45 on April 13. However, analysts say that Satyam stock at the moment might be a high risk move as still uncertainties prevail about its future.
Jai TDP. Jai Jai NTR
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Scallion
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Username: Scallion

Post Number: 177
Registered: 05-2009
Posted From: 65.217.188.20

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Posted on Monday, June 15, 2009 - 10:20 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Anand_n:

7000 people to be put on bench for 6 months and only if they agree to new terms




Any info regarding their new terms
Jai TDP. Jai Jai NTR
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Bhikhu
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Username: Bhikhu

Post Number: 2835
Registered: 10-2008
Posted From: 148.129.71.53

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Posted on Monday, June 15, 2009 - 10:18 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Anand garu h r u
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Anand_n
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Username: Anand_n

Post Number: 4470
Registered: 02-2008
Posted From: 167.24.104.150

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Posted on Monday, June 15, 2009 - 10:16 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

7000 people to be put on bench for 6 months and only if they agree to new terms- but bench salary at 40% is still decent I guess ..
aa chal ke tujhe main leke chalu ik aise gagan ke tale
jahan gam bhi na ho, aansoo bhi na ho,bas pyaar hi pyaar pale
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Jkm
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Username: Jkm

Post Number: 3172
Registered: 02-2008
Posted From: 216.235.145.222

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Posted on Monday, June 15, 2009 - 10:14 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

good. satyam is going bounce back under Tech Mahindra group leadership
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Scallion
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Username: Scallion

Post Number: 176
Registered: 05-2009
Posted From: 65.217.188.20

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Posted on Monday, June 15, 2009 - 10:12 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Scallion:

It posted a consolidated net profit of Rs 160.50 crore for the quarter ended December 2008.




Good going, keep it up
Jai TDP. Jai Jai NTR
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Scallion
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Username: Scallion

Post Number: 175
Registered: 05-2009
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Posted on Monday, June 15, 2009 - 10:05 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

The government has granted a year extension to Satyam Computer Services for completion of three special economic zones (SEZs) in Andhra Pradesh, giving elbow room to the new management of the IT firm.

The commerce ministry has granted extension to Satyam two Information Technology/Information Technology enabled services (IT/ITeS) SEZs in Hyderabad and the one at Thotlakonda in Visakhapatnam up to June 2010.

All the three tax-free enclaves were given formal approval, which would have lapsed by end of this month.

While the ministry granted extension of time on file, the decision has to be ratified by the inter-ministerial Board of Approval which is meeting here on June 17.

Satyam had planned a total investment of Rs 370 crore on its SEZ projects. About half of the SEZs are coming up in the IT/ITeS sector.

Satyam Computer, which was counted as a premier IT firm, faced a severe cash crunch in the last few months following the revelation of multi-crore rupee accounting fraud by its founder B Ramalinga Raju in January 2009.

However, with Tech Mahindra acquiring a majority stake, the company is in a recovery mode. It posted a consolidated net profit of Rs 160.50 crore for the quarter ended December 2008.


http://www.business-standard.com/india/news/satyam-granted-1 -yr-extension-to-complete-sezs/361133/
Jai TDP. Jai Jai NTR

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