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Wednesday, April 22, 2009

Satyam needs govt support in its bid for PSU projects: report

Satyam Computer Services will continue to ask the government to support its bids for PSU projects, according to a report.

The firm will continue to request the government to ask PSUs to waive the criteria seeking financial information in its tenders where Satyam is participating.

The report stated that the company had earlier sought similar government intervention in PSU tenders, such as those of BSNL, ISRO, HUDCO and Vizag Steel Plant.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Friday, Jun 20
11:30 Public Sector Net Borrowing 1 £17.686B £20.052B Revised from £20.155B
11:30 Retail Sales (YoY) 2 -1.3% 1.7% 5.0%
11:30 Retail Sales (MoM) 3 -2.7% -0.5% 1.3% Revised from 1.2%
11:30 Retail Sales ex-Fuel (YoY) 2 -1.3% 1.8% 5.2% Revised from 5.3%
11:30 Retail Sales ex-Fuel (MoM) 2 -2.8% -0.5% 1.4% Revised from 1.3%
18:00 Philadelphia Fed Manufacturing Survey 2 -1 -4
18:00 Industrial Product Price (MoM) 1 0.0% -0.8%
18:00 Raw Material Price Index 1 -0.8% -3.0%
18:00 New Housing Price Index (YoY) 1 -0.6%
18:00 New Housing Price Index (MoM) 1 -0.2% -0.4%
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