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Saturday, December 20, 2008

Satyam top honchos were selling shares from April

The management of Satyam Computer Services Ltd, which has been having a tough time explaining the motive for the aborted $1.6-billion acquisition of Maytas Infra and Maytas Properties, will probably find it more difficult to explain the offloading of the company’s 6.01 lakh shares by its top management this financial year. To add to its woes, market regulator Securities and Exchange Board of India is studying the corporate governance issue concerning the Maytas deal.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Saturday, Jun 28
01:00 CFTC S&P 500 NC Net Positions 1 $-144.8K $-174.1K
01:00 CFTC Oil NC Net Positions 1 233K 231K
01:00 CFTC Gold NC Net Positions 1 $195.0K $200.6K
01:00 CFTC GBP NC Net Positions 1 £34.4K £42.9K
02:00 Bank Stress Test Results 3
Monday, Jun 30
06:30 ANZ Activity Outlook 1 34.8
06:30 ANZ Business Confidence 1 36.6
06:30 TD-MI Inflation Gauge (MoM) 1 -0.4%
06:30 TD-MI Inflation Gauge (YoY) 2 2.6%
07:00 Private Sector Credit (MoM) 1 0.7% 0.7%
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