'The company (Mahindra Satyam) is authorised to issue and allot 19,86,58,498 (approximately 198.66 million) equity shares of Rs 2 each at the premium of Rs 2.50 to Venturebay,' said CLB Chairman S Balasubramanian, allowing Mahindra Satyam's application requesting permission to issue equity. Mahindra Satyam (earlier Satyam Computer) had moved the CLB after Venturebay failed to subscribe to 20 per cent of Satyam's shares from the open market.
Tax-saving equity-linked savings schemes saw month-on-month rise in inflows at Rs 1,166 crores.
IDG Ventures India on Thursday announced that Kiran Karnik, former president of National Association of Software and Service Companies (Nasscom) and a recipient of the Padma Shri has joined the company, on their global advisory board. IDG Ventures India's advisory board includes icons like N Balasubramanian, K B Chandrashekar, Arjun Malhotra, Sridhar Mitta, Jagdish Sheth and V Sumantran. Kiran Karnik was president of Nasscom till January 2008.
While debt funds have emerged as the flavour of the season, not all investors understand debt funds. So the best they can do is put trust in the fund manager and the fund house.
The laboratory is a novel concept, which enables students to learn and explore mathematical concepts and verify facts and theorems using tools such as the Geometers sketchpad.
Balasubramanian, 50, Herchel Smith Professor of Medicinal Chemistry at Cambridge University, has been recognised for his work as a co-inventor of Next Generation DNA sequencing, described as the most transformational advance in biology and medicine for decades.
Simbu dubs for Dev Patel while S P Balasubramanian dubs for Anil Kapoor in the Tamil version of the hit film.
The Madras High Court on Monday dismissed a petition filed by Swiss pharmaceutical major Novartis AG, challenging the constitutional validity of the section 3 (d) of the Patents (Amendment) Act 2005.
In all, 31 persons were accused in the case. While one person had died during the course of the trial, two were acquitted.
Investors continue to make losses on investments.
Tata Motors' Nano, the world's cheapest car that costs slightly more than some premium bikes available in the country, is unlikely to wean away buyers from the two-wheeler segment, an industry official said on Friday. "I don't ascribe to the idea that the introduction of low priced cars in the market will affect the two-wheeler segment," S Balasubramanian, executive vice-president for operations & marketing, TVS, Srichakra Ltd said.
The Company Law Board on Thursday asked the warring Bajaj brothers - Rahul and Shishir - to prepare a report on the areas of dispute that are holding up a mutually acceptable agreement for splitting the business empire.CLB chairman S Balasubramanian, who is hearing arguments by the two sides, also sought to know the points of difference over which they terminated last month their Memorandum of Understanding (MoU) drafted for division in the group.
Differences still persist between Rahul Bajaj, his brother Shishir Bajaj and others on the issue of transfer of shares for finalisng the split of the Bajaj group, the Company Law Board has been informed by the lawyers.
The sessions judge awarded sentences ranging from one to two years rigorous imprisonment on various counts to the 25 accused which were to run consecutively totalling to seven years rigorous imprisonment.
The Central Bureau of Investigation on Thursday arrested three Communist Party of India-Marxist activists in connection with the September 1 murder of Rashtriya Swayamsevak Sangh leader E Manoj in the district, official sources said.
An advocate and the president of a political outfit have filed the petitions opposing grant of bail to the seer.
Kanchi seer Jayendra Saraswati is a co-accused in the Radhakrishnan assault case.
The hearing remained inconclusive today.
Businesswoman A Jayalakshmi has alleged that several police officials sexually exploited her.
'We have taken it further here, we will take it further in Islamabad and then when he (Kasuri) comes to New Delhi in August,' the external affairs minister said.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
Tamil writer S Balasubramanian and Marathi playwright Mahesh Elkunchwar are also among the 22 litterateurs selected.
Investment experts said the key to generating superior returns was "asset allocation" and taking money out of the table from themes that have performed well and into themes that are available at a discount.
A R Rahman will perform in Malaysia in December as part of his world tour.
A Balasubramanian tells Business Standard that the sector will see one of its best phases in the coming five years.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
Many PSBs are in the process of rationalisation of ATMs
The recent weakness in stock markets has provided an opportunity to buy quality stocks relatively cheaper
Half a dozen names are doing the rounds as replacement for Cyrus Mistry as the chairman of the Tata Group.
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
Rajeev Shukla, who resigned as the chairman of the Indian Premier League, has no problem in chairing the Governing Council meeting in New Delhi on Friday, though he is still unsure whether to continue in that position when his term comes to an end.
Mumbai Cricket Association (MCA) has formally requested the BCCI to allot the second and final Test between India and the West Indies to the Wankhede Stadium in Mumbai so that Sachin Tendulkar could play his milestone 200th Test in front of his home crowd.
BCCI official Ratnakar Shetty will discuss with the two judges appointed to inquire into the complaints against Gurunath Meiyappan and Raj Kundra -- the owners of CSK and Rajasthan Royals -- the 'preferred mode of operation' in the IPL-6 spot-fixing and betting scandal.
Biju Menon tells Divya Nair/Rediff.com how he transformed himself to play a 73 year old character, one of his most challenging and satisfying roles as an actor.
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in February
