| Newsmaker: Ravi Parthasarathy | 04-SEP-09 |
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| Acquiring Maytas Infrastructure could be Ravi Parthasarthy's chance to show his organisation's ability to think big. |
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| Maytas Infra posts Rs 473-crore loss in 2008-09 | 30-AUG-09 |
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| Maytas Infrastructure, the listed company run by the family of Satyam Computers founder B Ramalinga Raju, has incurred a net loss of Rs 473.55 crore for the financial year ended March 31, 2009, compared with the net profit of Rs 90.74 crore in the corresponding period previous year. |
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| Maytas Infra hits upper circuit | 20-JUL-09 |
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| The stock closed today at its 5% upper circuit level at Rs 71 with buy orders of 70,415 shares pending at the counter. Around 80,294 shares were traded on the BSE. |
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| Maytas Infra sells stakes in 2 expressway projects | 20-JUL-09 |
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| In a bid to tide over its financial crisis, Maytas Infrastructure, the listed company promoted by Satyam Computers’ B Ramalinga Raju, has decided to sell part of its shareholding in Cyberabad Expressway Pvt Ltd and Hyderabad Expressway Pvt Ltd to Terra Projects Ltd, a company owned by the Kolkata-based Neco group. |
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| Maytas proposes Reliance Infra as partner for Metro project | 01-JUL-09 |
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| Maytas Infrastructure, majority-owned by the family of scam-hit IT firm Satyam's disgraced founder B Ramalinga Raju, is believed to have proposed bringing in Reliance Infra as a partner in the prestigious Rs 12,200-crore metro rail project here. |
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| Maytas board to discuss Hyd metro project next week | 06-MAY-09 |
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| The Maytas Infrastructure board is scheduled to meet next week to evaluate the Rs 12,000-crore Hyderabad Metro project. The six-member board, with majority of directors nominated by the government, is evaluating the various aspects of the prestigious project, including land acquisition and financial closure. |
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| CLB directs govt to issue notices to Maytas firms | 19-FEB-09 |
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| The Company Law Board (CLB) today directed the government to issue notices to Maytas Infra and Maytas Properties to present their cases in response to the caveat the two firms had filed last week against any ex parte decision by the government. |
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| T N Ninan: Fairy tale warning | 31-JAN-09 |
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| Ramalinga Raju had an extensive education, in India and in the United States. But no one told him about the goose that laid the golden eggs. Re-constructing what Mr Raju did, that was the key shortcoming in his plan for grand larceny. The more you think of what has happened to Satyam and its jailed chairman, the more obvious it becomes that the problem was the failure to realise that while he might get away with stealing eggs, the goose itself should not be killed. |
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| Shobhana Subramanian: Acting in haste | 30-JAN-09 |
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| The Street is miffed that Larsen and Toubro has picked up a 12 per cent stake in Satyam Computers. Brokerage Morgan Stanley has said, “We (in line with the rest of the market) viewed the development with mounting concern.” While the average price per share may be just Rs 80 per share, the Rs 650 crore paid out so far isn’t insignificant at around 20 per cent of the current year’s consolidated profit forecasts. The stock has lost nearly Rs 8,000 crore in terms of market capitalisation since the end of December—the stock is down 17.6 per cent compared with a fall of 6.7 per cent for the Sensex. |
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| Maytas Infra on the block | 24-JAN-09 |
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| Even as domestic and global software players queue up to acquire beleaguered Satyam Computer Services, the family of founder and former Chairman Ramalinga Raju is in talks to divest management control in Maytas Infrastructure Ltd, a listed company that won the bid to build the Hyderabad metro, among other projects. |
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| Maytas Infrastructure owners lose stakes to lenders | 22-JAN-09 |
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| Maytas Infrastructure, controlled by the family of arrested Satyam Computer Chairman Ramalinga Raju, said its biggest shareholders were forced to transfer their shares to finance companies to cover loans. |
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