The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Kotak downgrades Satyam after Q3 earnings
Reuters Market Eye - Kotak Institutional Equities downgraded Satyam Computer Services Ltd(SATY.NS) to "reduce" from "add", noting October-December revenue growth was "muted", given the impact from furloughs in the high-tech and manufacturing segments.
Kotak adds Satyam shares, also called Mahindra Satyam ahead of a pending merger with Tech Mahindra, are trading at fair value after gaining over the past few quarters.
On Thursday, Satyam Computer reported a 20.6 percent rise in third-quarter profit before a one-off loss.
Shares fall 1.8 percent as of 11.03 a.m.
(Reporting by Manoj Dharra)
- Tweet this
- Share this
- Digg this