Wednesday, March 21, 2012

Satyam-TechM merger: Why its a win-win for all

Analysts gave thumbs up to the transaction of $ 1.8 billion merger involving Satyam Tech Mahindra and Mahindra, which will create India's fifth software firm with projected revenues of $ 2.4 billion.

Combined size of the new entity should allow a better chance of getting bigger clients, a stock analyst said today.

"The combined entity would have a market capitalization of the order of about Rs 17,000 crore and make it the fifth largest company Infotech in terms of market capitalization. With that, he has good chances of getting more business, bigger projects and bigger clients. In addition, it can respond to more vertical projects, "SMC Global Securities strategist and head of research Jagannadham Thunuguntla said.

However, he said he will take considerable effort and time for the new entity to reach the league Infosys or TCS. "Although game Tech Mahindra Mahindra Satyam is currently in the extent of 42.7 per cent, it will be interesting to see what the treatment will be required for this cross," he said.

He says one way to handle this is to create a trust to hold the shares of cross-portfolio called treasury stock. "If they follow this path, then the value of these treasury shares equity amounts to about Rs 4132 crores, and may issue such shares in the future whenever they need money." Indeed, this is the path that was followed and the acquisition of other companies or inorganic growth can be expected.

"British Telecom, a promoter of Tech Mahindra, will monitor this space as they hold about 23.20 per cent stake in it. As the exchange ratio is 8.5:1, British Telecom will own approximately 11.11 percent of capital of the combined entity, "he said. Overall, Thunuguntla said, there is a merger that may prove to be a win-win for all concerned, because it allows Mahindra Group Infotech consolidate their assets under one roof.

"As stated by management, the Mahindra Satyam-Tech Mahindra merger appears to be a marriage in heaven, and if they can properly execute their future activities, we can expect the" honeymoon "period of last longer, "Thunuguntla maintained.

Other analysts have similar views on the merger. "The significant overlap of business functions can be removed through this merger out of the sale of synergy and operations," Destimoney Securities Managing Director and CEO Sudip Bandyopadhyay said.

"Successful integration will result in significant benefits for the combined company, allowing it to break into the top tier of Indian Infotech companies," he added.

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Monday, March 19, 2012

Punjab Police to play ONGC in Fed Cup final

Kochi: Punjab Police men finally play to their potential, defeating India Overseas Bank, Chennai in a thrilling match 69-65 to set a date by ONGC at the Federation Cup Basketball 26 at the Regional Sports Center, Kadavanthara Saturday.

Keeping their focus is mainly on the men's defense of Customs and Excise, Jakarta, were forced to sweat drive as ONGC Dehradun and then proceed to enter the summit clash after winning the low score of 47-44.

Experienced guards the Punjab Jagdeep Singh and Amritpal - after wearing the national colors of last year - they share the gel and 46 points between them in meeting the down pull cord.

While the 20-year-Amritpal scored a game-high 24 points, 16 rebounds and netted 22 points Jagdeep with seven assists and four rebounds as they appear throughout the clash.

The day was demoralizing for the IOB, because they are not allowed to play their strengths. Speed ​​and quick transition from defense to offense is their expertise. But Punjab was hired two games center that killed the game board bankmen. To add to their woes, the three fastest players Harminder Punjab, Amanjot and Amrit are playing away from the basket to keep their rivals for a quick transition and fast break points.

Then in the semifinals and then, host Kerala down fighting 44-47 to favorites ONGC of Uttrakhand. Quarter-wise reading score of 14-15, 6-9, 17-15, 10-5.

The summit clash will see women repeating last year's team - Chhattisgarh and Southern Railway.

While Chhattisgarh heartbroken handful of local fans by coming from behind the three point 70-67 victory over Kerala, a favorite Southern Railway ride high on the heroics of Geethu Anna Jose and P Anitha defeated Delhi 63-51.

Result

Men: Punjab Police (24 Amritpal Singh, Jagdeep Singh 22) bt IOB, Chennai (Vineeth Mathew 17, Mihir Pandey 16) 69-65 (12-18, 17-11, 17-16, 23-20), ONGC (Yadwinder Singh 15, Mohit Bhandari 7) bt Customs and Central Excise, Kochi (Monish Wilson 14, Manoj R 14) 47-44 (14-15, 6-9, 17-15, 10-5).

Women: Chhattisgarh (Anju Lakra 29, Kavitha 19) bt Kerala (PS Jeena 23, Seena Joseph 11) 70-67 (11-15, 23-12, 14-22, 22-18); Southern Railway (Geethu Anna Jose 24 , P Anitha 16) bt Delhi (Raspreet Sidhu 17, Akansha Singh 11) 63-51 (19-13, 18-5, 13-14, 13-19).

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Thursday, March 15, 2012

Trinamool Congress adamant, wants Dinesh Trivedi to be sacked after Union Budget: TV reports

NEW DELHI: Hardening its stand against the position of Congress, Trinamool Congress (TMC) said he will not wait until March 30 for the sacking of the railway minister Dinesh Trivedi. A Times Now report says that the party wants him to be sacked immediately after the budget of the Union on Friday.

The sources said that Congress Mamata called bluff by agreeing to remove Dinesh Trivedi, but only at one time he wants. This strategy was adopted after Samajwadi Party (SP) chief Mulayam Singh Yadav has assured support in Congress, TMC chief Mamata neutralizing Banerjee is his threat. SP, with 22 MPs in the Lok Sabha, already supports the UPA government from outside and said he would not pose a threat to its stability.

Trivedi has offered up to 20 percent price increase in its passenger rail budget for 2012-13, inviting the wrath of Mamata who wrote Prime Minister Manmohan Singh to sack him.

When it was pointed out that the proposed price increase was contrary to the policy of his party, Trivedi said, "I did it for the railways and the country ... not for the party. If I have to please my party, so I'm not doing my job. "

On the possibility of restoring price increase, Trivedi said, "the budget is in Parliament and I will be guided by the Parliament. Parliament will be guided by the wisodom people. "

Troubleshooting Congress, Pranab Mukherjee, today spoke to Mamata monitoring their discussions over twice by telephone last night. TMC parliamentary party leader Sudip Bandopadhyay Mukherjee also met today in Parliament.

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Monday, March 12, 2012

Vijay Bahuguna chosen Uttarakhand CM chosen

Kongreso MP Vijay Bahuguna Nandan Bahuguna Hemvati anak na lalaki ng huli pinuno, ang susunod na Punong Ministro ng Uttarakhand, inihayag AICC ng Monday, na nagtatapos ng mga araw ng kabalisahan sa ibabaw ng burol bansa ng Naghahabol sa tuktok na trabaho.

Anunsyo ng pagpili ng 65-taon gulang na ng Mr Bahuguna kung ang bagong Kongreso lehislatura Party lider Ghulam Nabi Azad, ang AICC Kalihim sa New Delhi.

Kongreso President Sonia Gandhi, na taong na awtorisadong MLAs upang magpasya ang kaso, nagpasya sa pamamagitan ng Mr Bahuguna pagkatapos ng pagkuha ng mga view ng mga MPs partido at MLAs na, Mr Azad Sinabi reporters sa labas 10, Janpath.

"Ang desisyon ay ginawa sa ang kongreso ng partido lider Vijay Bahuguna ay Uttarkhand at ang bagong kalakasan ministro," kanyang sinabi sa pagkakaroon ng Mr Bahuguna din Birender Singh, AICC Kalihim General, na responsable para sa affairs ng estado partido.

Pagpipili ng Mr Bahuguna, BJP ng pinsan papalabas Punong Ministro BC Khanduri, Mrs Gandhi ginawa matapos ang party na mataas na utos ay struggled sa ang tanong ng mga araw sa gitna ng isang magkakaibang pulls at pressures na lumikha ng maraming mga aplikante para sa post ng at pangangailangan para sa ang Independent MLAs na suporta ay mahalaga na ang karamihan ng Kongreso.

Dating hukom sa Allahabad at Bombay mataas na korte, ang Mr Bahuguna ay vice president ng Uttarakhand yunit ng Kongreso at ang pangalawang Tehri Garhwal MP kumakatawan sa term.

Ng Hailing mula sa isang pampulitika pamilya, ng Mr Bahuguna ay ama ay kalakasan ministro ng Uttar Pradesh para sa isang mahabang oras nakaraan, at ang kanyang kapatid na babae ng Rita Bahuguna Joshi ay kasalukuyang Presidente ng Uttar Pradesh Congress Committee.

Beaming Mr Bahuguna sinabi na siya ay bahagi sa kanya at ang lahat ng mga bahagi na "ang walang split."

Pinili ng partido ang mataas na utos, ang Mr Bahuguna matapos ang ipakita nang mas maaga sa araw, ang AICC ang hindi nakasara, at kahit na ang posibilidad ng anumang MP ay maaaring isaalang-alang upang gumana sa bansa.

Ang Mr Bahuguna ay 6 Punong Ministro ng burol, na kung saan ay kinatay ng Uttar Pradesh 12 taon na ang nakakaraan.

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Friday, March 9, 2012

Gentleman of cricket, most dependable Dravid retires

Batting great Rahul Dravid, the second most prolific batsman in the history of the game and middle to India's stronghold for years, today bid adieu to Test cricket, reducing the curtains on a beautiful 16-year career.

The 39-year-old Dravid, former captain of India, was aging greats of Indian cricket, Sachin Tendulkar and VVS Laxman in addition, to retire in the wake of the disastrous India's Test tour of Australia.

I want to announce my retirement from international and domestic first class cricket. It is 16 years ago I played my first Test match for India and today I feel that it is a time to move on. Once I was just like any other boy in India, with a dream of playing for my country. Yet I have never been able to travel so long and so comply may think, "Dravid said at a press conference here.

"No dream is ever just haunted. Looking back, I have many people to thank for teaching me and belieiving seems to have. My junior coaches in Bangalore and at various junior national camps instilled in me a strong love for the game always stayed with me, "said Dravid who was BCCI president N Srinivasan and former captain Anil Kumble flanked.

"My coaches at international level have added to my craft and helped shape my personality The physiotherapists and trainers working hard to fit me -. No easy task - and allowed me to play until late in my 30s.

"The selectors, who rarely get any credit in India, occasionally had more confidence in me than I had in myself and I am grateful. The different captains I played under the leadership offered me and inspired me. Most of all I have to thank the teams I played with. "

Dravid said he left the stage with wonderful memories he shared with his teammates, who are legends of the game.

"I was lucky in my younger years to play for Karnataka team that is trying to forge a strong side and they were years of fun and learning," he said.

"In the Indian team, I was fortunate to be part of a wonderful time that India has some of her finest cricket played at home and abroad. Many of my teammates have become legends, not only in India but in the rest of world cricket. I admired them, learned from them and I leave the game with great memories and strong friendships. It is a great gift to have. "

Typical of his simple but dignified approach to his cricket, David said he had tried to the spirit of the competition to maintain.

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