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Monday, March 9, 2009

Hinduja Group looking at bidding for Satyam

Conglomerate Hinduja Group today said it is looking at bidding for Satyam Computer Services but yet to take a decision.

"We are looking at that (bidding for Satyam) ... We have to take a decision," Hinduja Group CFO Prabal Banerjee told .

He said the bidding process outlined by Satyam is transparent and he expects competition in the run-up to the final exercise.

Fraud-hit IT firm Satyam today commenced the process of selecting an investor by inviting expressions of interest from bidders. The bidders will have to register with Satyam by March 12.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 16
20:00 EIA Crude Oil Stocks Change 1 0.515M 0.400M 2.553M
20:00 BoC Press Conference 3
21:30 Fed's Hammack speech 2
22:30 20-Year Bond Auction 1 4.810% 4.632%
23:00 Fed's Chair Powell speech 3
Thursday, Apr 17
01:30 Total Net TIC Flows 1 $-48.8B
01:30 Net Long-Term TIC Flows 1 $35.2B $-45.2B
04:15 Consumer Price Index (YoY) 3 2.3% 2.2%
04:15 Consumer Price Index (QoQ) 3 0.7% 0.5%
04:30 Fed's Schmid speech 2
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