Archive for December 20th, 2008

Satyam Computers: Concerns linger despite damage control exercise

Share buyback consideration- an attempt to restore investor confidence
Do not rule out a near term rally in the stock on announcement
Events of the past week can be used by competition against Satyam
‘Low market cap, high cash balance’ could still appeal to strategic/financial
investors
Could more steps to bring back investor faith be in the offing?
Share buyback consideration-attempt [...]

No Comments

Tractor Industry Hit Hard by Restricted Finance, Sales Down 20% in Nov 2008

Tractor sales took a severe beating in the month of November 2008, dipping by 20 per cent despite a good monsoon this year. The drop in sales was mainly due to the conservative approach of banks in sanctioning loans to farmers.  This was mentioned by Mr. L D Mittal, President, Tractor Manufacturers Association.
Urging the government [...]

No Comments