Says Satyam is not a commodity. B K Modi of Spice had earlier pushed for e-auction, for its transparency.
83% of the CEOS plan to hire more in the new year.
Speaking to private TV news channel CNBC TV18, Naik said, "Some corporate action will take place in the near future but we cannot comment on taking over Satyam at this stage."
The Sardar Patel Motera Stadium in Ahmedabad is spread over 63 acres, with a seating capacity of 1.10 lakh people. It overtakes Melbourne Cricket Ground, which can accommodate 90,000 people.
Top gainers in the Sensex pack included Sun Pharma, IndusInd Bank, RIL, ITC, Vedanta, Asian Paints, HDFC and Infosys, advancing up to 3.02 per cent.
The metro rail commenced its operations between Miyapur and Nagole, having a total distance of 30 kilometre and 24 stations.
The S&P BSE Sensex rose 486 points to close at 26,367.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The rally was mainly driven by financial, consumer durables, auto and oil and gas stocks.
Google has emerged as top choice in the Top 100 Ideal Employer Rankings in a survey conducted among Indian management and engineering students.
Hinting towards a possible takeover of Satyam Computer, engineering major Larsen & Toubro on Friday raised its stake in the beleaguered IT firm to 12 per cent through open market share purchases.
"L&T was looking to provide reliable control systems offering for the rapidly developing power generation sector in order to complete its electrical and automation suite," L&T President Operations and member of the board R N Mukhija said. As per the partnership agreement, GE Energy would provide its power plant main control system products to L&T, the company said in a filing to the Bombay Stock Exchange.
The country's top life insurer, which has over four per cent stake in Satyam, however, ruled out joining the race for acquiring the troubled IT firm, either alone or with L&T.
The first metro train that was rolled out from Korea to Hyderabad recently will be put on tracks for test and trials in the next couple of days.
Larsen and Toubro (L&T) is one company which seems to be bucking the slowdown trend. The engineering and construction behemoth has projected an order book of Rs 66,000 crore (Rs 660 billion) by March 2009, a growth of 30 per cent over the previous year.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Mumbai International Airport Pvt Ltd is a joint venture between GVK-SA consortium and Airports Authority of India. It was awarded the mandate of upgrading and expanding the Chhatrapati Shivaji International Airport. As per the contract, L&T would build the new integrated passenger terminal and expand the existing facilities, the company informed the Bombay Stock Exchange.
After swinging nearly 330 points, BSE Sensex finished 172.69 points or 0.43 per cent higher at 40,412.57. Similarly, the 50-scrip NSE Nifty appreciated 53.35 points or 0.45 per cent to close at 11,910.15.
L&T is planning a foray in PE fund in the real estate market with a Rs 4500 crore fund.
Among the Sensex pack, Yes Bank, L&T, HDFC, RIL, HDFC Bank, PowerGrid and Coal India were the biggest losers -- falling up to 2.43 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Rejecting allegations of irregularities, L&T Hyderabad Metro Rail Limited today said it was ready for a probe but would not bow down to any "threats" and would complete the project by December next year as scheduled.
Chief executives in the real estate, consumer products, automobiles, construction, and textile sectors said they were all expecting workers to re-join in the next 45-60 days, which would help them ramp-up production from July.
The Gaganyaan project has the objective of demonstrating human space flight capability to Low Earth Orbit with three crew members in orbit and safely recovering them after the mission.
The L&T stock, which fell by over 5 per cent in intra-day trades on Monday bounced back towards the end of the session though it was still in the red. The stock has been badly de-rated since the engineering major made it clear that it was a contender for Satyam, picking up a 12 per cent stake in the tech firm. Had L&T won control at the winning bid of Rs 58 per share, the stock may have lost further ground. As it stands, not too much damage has been done.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The biggest losers in the Sensex pack were M&M, ONGC, Vedanta, Tata Steel, L&T, HDFC, NTPC and Axis Bank, falling up to 3.04 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
L&T plans to launch as asset management company and has also collaborated with US based Travelers for a non-life insurance venture.
Engineering and construction major Larsen & Toubro (L&T) is planning a capital expenditure of Rs 2,500 crore (Rs 25 billion) for the financial year 2008-09. The company might raise Rs 500-700 crore (Rs 5-7 billion) through debt, equity or a debt-equity mix in the second half of the financial year.
India only has 3.5 million workers undergoing skills courses a year, compared with 90 million in China
Carnival group buys project in Chandigarh from L&T for Rs 1,785 cr.
Larsen & Toubro is set to invest Rs 100 crore (Rs 1 billion) in Mysore-based Rangsons Electronics for a 40 per cent stake.
Engineering giant Larsen and Toubro and Aditya Birla group firm Grasim Industries are set to settle their long-standing dispute over the sale of cross-holdings out of court. Both the companies are believed to be in consultation with Chennai-based chartered accountant S Gurumurthy to act as arbitrator.
Touted as the world's largest cricket stadium in terms of seating capacity, the Sardar Vallabhbhai Patel Stadium (also known as Motera stadium) is being readied to host United States President Donald Trump and Prime Minister Narendra Modi. Take a look at the venue which is likely to host the 'Namaste Trump' event.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omaxe, L&T and Unitech have already applied for the Rs 200-crore (Rs 2 billion) development projects at Udaipur and Amritsar. The work includes commercial operations and maintenance of the airport terminal building, besides development of 46,268 sq metres and 110,308 sq metres of land for city-side development and cargo handling facilities at Udaipur and Amritsar, respectively.
The ministry of defence has bought two regiments of the indigenous Pinaka multi-barrelled rocket launcher for Rs 3,230 crore.
I would advise at least a 7 year investment time frame for Equity Investing
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