Mumbai, Mar. 9 : Satyam Computer Services has begun the procedure of selecting an investor by inviting expressions of interest from bidders.
SEBI has recently authorized Satyam to sell up to 51 percent stake.
Under the process that started on Monday, the bidders will have to submit detailed EoIs, along with proof of availability of funds of at least 1,500 crore rupees by March 20, Satyam said in a statement.
On Monday, the company issued an expression of interest, according to which there is no floor price for the bidders.
The Department of Telecom (DoT) asked state-owned telecom giants BSNL and MTNL to discontinue their third generation (3G) services till the time the security agencies set up apt monitoring system in order to track traffic on their network.
The decision comes in spite of BSNL and MTNL clarifying to the administration that interception of 3G traffic is possible, during a meeting with the DoT on March 4.
The Intelligence Bureau informed the DoT that BSNL has not provided for monitoring video calls.
Sterlite Industries (India), a division of London based Vedanta Resources promoted by Anil Agarwal, has signed a contract with ASARCO, a Tuscon based mining, smelting and refining company, to get hold of substantially all the operating assets of the company.
The deal is priced at $1.1 billion, which will consist of $1.1 billion in cash and a senior secured non-interest bearing promissory news for $600 payable over a period of nine years.
But, the deal is still awaiting approval from of the US Bankruptcy Court for the Southern District of Texas, Corpus Christi Division.
Anand Jain, Chairman of Jai Corp and a close associate of Reliance Industries Chairman Mukesh Ambani came under the scanner of Income Tax department with the department officials searching his offices and residence to find clues about some land transaction deals.
Confirming the raid by IT department, an official said, "We are conducting search operations at the establishments of Anand Jain and his company, Jai Corp and operation is still going on."
Mumbai, Mar. 6: The Defense Ministry has given a-281-crore rupees contract to Bharti Shipyard for supplying 15 interceptor boats to the Indian Coast Guard, the shipping firm has said.
In a filing to the Bombay Stock Exchange, Bharti Shipyard said that these lightweight vessels are specialized high-speed crafts used for patrolling and interception.
Furthermore, the company said the order book of Bharti Shipyard has crossed the Rs 5,000 crore mark with this contract, and now stands at Rs 5,093 crore.
Mumbai, Mar. 9 : Satyam Computer Services has begun the procedure of selecting an investor by inviting expressions of interest from bidders.
The Department of Telecom (DoT) asked state-owned telecom giants BSNL and MTNL to discontinue their third generation (3G) services till the time the security agencies set up apt monitoring system in order to track traffic on their network.
Sterlite Industries (India), a division of London based Vedanta Resources promoted by Anil Agarwal, has signed a contract with ASARCO, a Tuscon based mining, smelting and refining company, to get hold of substantially all the operating assets of the company.
Anand Jain, Chairman of Jai Corp and a close associate of Reliance Industries Chairman Mukesh Ambani came under the scanner of Income Tax department with the department officials searching his offices and residence to find clues about some land transaction deals.
Mahindra and Mahindra (M&M) is all set to phase out its 2.6 litre CRDe engine, which at present powers the older Scorpio models. 
Mumbai, Mar. 6: The Defense Ministry has given a-281-crore rupees contract to Bharti Shipyard for supplying 15 interceptor boats to the Indian Coast Guard, the shipping firm has said.
