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Yesterday the badly beaten up stock Satyam which was down over 35% is up today 10% odd. It had announced to buy Maytas Infra day before yesterday (the day when Satyams ADR was down over 55%). But yesterday it plans to cancel the deal. Why did they do so? ( Canceled the deal off) Satyam [...]
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US markets ended volatile in red. Europe was trading mixed. Asia opened weak but now has picked up. Expect Indian markets to have a flat to negative opening. Satyam takes a U turn by canceling the deal with Maytas Infra. Markets can go either ways depends on FII’s buying and profit booking. The support for [...]
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US markets ended a positive note. Europe ended flat. Asia has opened a bit higher on an average of 1%. Indian markets are bonded to open higher. Satyam Computers acquires 51% stake in Maytas Infra and 100% stake in its property. The deal is of whooping 1.6 Billion USD. Yesterday Satyam’s ADR was down over [...]
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