NEW YORK/NEW DELHI: Putting an end to the year-long battle for control over bankrupt copper miner Asarco, a district court in Texas has favoured Twitter Facebook Share Email Print Save Comment Grupo Mexico`s $2.4 billion bid over that of Sterlite Industries, media report says. "A US district judge issued a ruling in favour of Mexican mining conglomerate Grupo Mexico SAB, ending the long battle over US copper giant Asarco LLC," the Wall Street Journal said. When contacted a Sterlite industries spokesperson said in New Delhi that "We are yet to receive a copy of the judgement and will come back to you accordingly". The Wall Street Journal said, "Judge Hanen retained final say over whether to approve Grupo Mexico`s offer over Vedanta`s $2.5 billion bid, which was backed by Asarco and its union, United Steelworkers." The ruling by Judge Andrew Hanen in Brownsville, Texas, ratified a decision by the US Bankruptcy court in August, wherein the Grupo Mexico`s $2.4 billion offer to repay Asarco`s creditors and take it out of bankruptcy was approved. Quoting Judge Hanen`s 141-page ruling, the WSJ said, "The case is now in the fifth year of bankruptcy proceedings. The end, barring appeals, is now in sight." Grupo Mexico has been battling with Sterlite Industries for control of Asarco since last year. Hanen has held hearings on the matter last month, and indicated then that Grupo Mexico and its work force should begin discussion on a new collective bargaining agreement to avoid labour strife after Asarco exits bankruptcy, the WSJ added. Sterlite Industries entered into a pact with Asarco to acquire the company at a consideration of $1.7 billion, a move which sparked off a price war between the Vedanta Group company and Grupo Mexico. ...

HYDERABAD: In what could be a major setback for the Mahindras as well as the restatement of Satyam accounts, Mahindra Satyam has received legal Twitter Facebook Share Email Print Save Comment notices from 37 companies staking claim to a refund of Rs 1230.4 crore that was allegedly given as a temporary advance to the then Satyam Computer Services. "The notices have claimed the return of money to `repay creditors`, some of whom include Maytas Properties Ltd and Maytas Infra Ltd", Mahindra Satyam said in a filing to the bourses on Tuesday. Mahindra Satyam also told the bourses that it had replied to the legal notices on November 14, 2009, stating that the claims were "legally untenable". The company also said that Satyam founder Ramalinga Raju`s confession letter dated January 7, 2009, too had made a reference to "a net amount of Rs 1,230 crore arranged to the company by the 37 companies". Incidentally, after the Satyam scam broke out, Raju`s younger brother Suryanarayana Raju too is learnt to have written a letter to Satyam, seeking a refund of over Rs 1,200 crore which he claimed were given by Raju family-owned private companies. Recently, even Maytas Infra`s new owner-- IL&FS-- has written to Mahindra Satyam, giving proof of a transfer of Rs 20 crore through two front companies — Angeerasa Greenfields and Saptaswara AgroFarm — on July 31, 2008, into Satyam accounts through the Hyderabad branch of Axis Bank. The IL&FS letter is also understood to have asked Mahindra Satyam to show the money as debt in their accounts, which are being restated by KPMG. The Mahindras, incidentally, have got an extension up to June 30, 2010, for submitting the restated Satyam accounts to various regulatory authorities. It was government-appointed director on the board of Maytas Infra and Maytas Properties, Ved Jain, who had disclosed in July that the two companies had given Rs 392 crore and Rs 220 crore respectively to Satyam via privately- owned companies. ...

Egypt v Algeria: why World Cup play-off is football`s most explosive match Algeria v Egypt: Now that`s what you call a grudge match! Why the African World Cup play-off match will be the must-watch event this week (from as far away as you can get...) Egypt may have won the battle but they haven’t won the war. Algeria midfielder Khaled Lemmouchia was not referring to military conflict when he spoke on Monday, but to a monumental World Cup play-off against Egypt in neutral Sudan on Wednesday. Rarely has such rhetoric been more appropriate for a football match. It is exactly 20 years since one of the most infamous chapters in the history of African football. Having lost out to Egypt for a place at the 1990 World Cup in Cairo on November 17, 1989, Algerian players and officials mobbed the referee and then began hurling plant pots into the crowd. Later, at a post-match reception, the Egyptian team doctor had his eye gouged out by an Algerian player wielding a broken bottle. Star striker Lakhdar Balloumi was convicted and sentenced to prison in his absence, although some say the culprit was actually a reserve goalkeeper. In April, Interpol agreed to drop Balloumi’s arrest warrant as attempts were made at the highest level to restore good relations ahead of two World Cup qualifiers between the teams in Group C, but events have only conspired to stoke up the rivalry even further. So, what happened? The game went in to stoppage time with Egypt 1-0 up before, in the 95th minute, Emad Moteab scored a header to make it 2-0. Emad Moteab’s goal deep into injury-time in Saturday’s 2-0 win over Algeria in Cairo left Egypt with an identical record to their old rivals, forcing a knock-out tie between the two. ‘People are saying it’s the biggest match in Egypt’s history but others think the rivalry has gone way out of proportion. It shouldn’t be a case of do or die, or life and death. But, with football, we tend to forget about good relations and it descends into a war zone.’ And, in Sudan on Wednesday, only one of these bitter rivals will be left standing. ...

You used the word circus so by you own logic you are a clown from Circus out of job! Ha Ha Ha Ha Ha... ROFL......

in recent interviews 10 has confirmed that he wants to continue wid indian team till 2015 which will serve two purpose for himslef he will be the 1 1st person to participate in 7 world cups breaking javed miandads record of 6 wc 2 2nd he will be the only eldest person to play test and one day cricket breaking john trycos of zimbabwe who played wen he was 44 and his career ended in 2 yrs as zimbabwe got test stauts late he was the oldest player as far as playing cricket was concern well done 10 u r really master in breaking all individuals records...

buy rcom target 250+ very early dear...

I am reposting the article of `Vodafone buys Hutch for $21 B` of reuters. vodafone paid 11b$ to hutch for 67% stake (total valuation 19b$) + 2b$ debt. VODAFONE PAID THIS AMOUNT TO HUTCH 3 YEARS BACK ( FEB-2007) HUTCH AT THE TIME OF DEAL MARKET CAP - 19 B$ + 2B$ DEBT PAID BY VODAFONE ARPU : VODAFONE 9$/MONTH SUBSCRIBER : 20 M CURRENT MARKET CAP OF IDEA - 3B$ ARPU - 4.6$ /MONTH SUBSCRIBERS - 46 M RELIANCE COMMUNICATION - CURRENT MARKET CAP - 7B$ SUBSCRIBER = @90 M ARPU = 3.7$/MONTH (60 % REVENUE COME FROM VOICE BUSINSS , 40 % FROM RCOM GLOBLE+ BROADBAND) ORIGINAL ARTICLE ======================================================== HONG KONG/BARCELONA, Feb 12 (Reuters) - Shares in Vodafone (VOD.L) are expected to open higher on Monday after it beat rival suitors with an $11.1 billion bid for a controlling stake in Hutchison Essar, India`s fourth-biggest mobile phone firm. The deal, confirmed late on Sunday, gives British-based Vodafone a powerful stake in the world`s second-biggest and fastest-growing mobile phone market. It is also a high-stakes move by Vodafone Chief Executive Arun Sarin, who is under pressure from slowing growth in the firm`s core European markets, but has also been warned by investors not to overpay for acquisitions. Traders said Vodafone shares were likely to rise by as much as 2.5 percent in early trade, signalling investors think Sarin has struck a good deal. Vodafone, the world`s biggest mobile phone firm by subscribers outside China, is a serial acquirer and its 180-billion-euro ($234 billion) purchase of Germany`s Mannesmann in 2000 was the biggest company takeover in history. But it has also been accused of overpaying. It took an impairment charge of over 23 billion pounds in its last financial year, largely against past acquisitions, leading it to report the biggest ever annual loss by a European company. Vodafone said late on Sunday its purchase of Hutchison Telecommunications` (2332.HK) 67 percent stake in Hutchison Essar valued the Indian firm at $18.8 billion, including debt. The deal is Vodafone`s third-biggest ever and beat three rival suitors, India`s Reliance Communications (RLCM.BO) and the Hinduja and Essar groups, the latter of which owns 33 percent of Hutchison Essar. Shares in Hong Kong billionaire Li Ka-shing`s Hutchison Telecommunications International Ltd. (2332.HK), which have risen 28 percent since the start of November in anticipation of a sale, were suspended on Monday. The company was expected to make a statement later in the day. The transaction is the fourth-largest M&A deal involving an Asian company outside of Japan, based on Dealogic figures, and marks another lucrative exit for Li, whose penchant for dealmaking is legendary. They hit the jackpot again, said Francis Lun, general manager at Fulbright Securities in Hong Kong. "Considering that they only put HK$20 billion (US$2.6 billion) into India, it has to be a good deal for them." Shares in Hutchison Telecom`s parent, ports-to-property conglomerate Hutchison Whampoa Ltd. (0013.HK), rose 0.68 percent while its bond spreads tightened on hopes that deal proceeds will be used to lower debt and improve its credit profile. ...

the easiest way to learn is
to forget the idea of learning this lang...

any news of xyz_israeli

...

go short from now

market will not clear 5100 and above in near future

short nifty futures...

i am no party supporter

i am no religion supporter

but the fact is wenever ther is pjb and religion discussion

u interefere and start

dancing on bansooris tune

i hope u understood

ring master...

stay away from market as far as short term investor and traders are concern while initiating any longs at this point 5050 to 5150

wind up ure longs and book profits

...

this is done by the liberal policy of congress govt in centre which has allowede foreign invesmtent in india

it is this reasons karnataka and bangalore have been changed bcoz of foreigners presence

but in maharashtra and gujrat bjp and its allies have doen nothing

and now in maha tea khakre has abused our national hero sachin 10 dulkar


...

`Mumbai for all`: Bal Thackeray`s attack on Sachin is a political gimmick.
Yes
No
Can`t say


...

ysr was honest and progressive politician like every congressmen are
he was doing gud job in educating hindus
and has made gud additions to churches
i think he was murdered by bjp party or chandrababu naidu who is bjp ally
every gud congrees leaders are being killed by bjpians
gandhiji ws killed by rss men
indira gandhi was killed by sidhus forfathers also bjpians
rajiv was killed by same group

i pray for sonia and rahul who are our future who can tak india to skies unlike bjp who r fighting withinthemselves on irrelevant topics...

steve waugh australian captain who loooks very innocent has also converted lacs of people to christian thru leprosy treatment and giving them same status
he was and is a frequent traveller to bangalore calcutta etc.
but this is also our fault
we have caste systmes
from brain we are brahmins
from chest we are kshtriyas
from foot we are shudras
etc...

kindly furnish the offensive messages

i am sorry but ihave psoted gud and logical messages...

hamare great kings kaun thea

1 shivaji maharaj

who fouhgt wid aurangzeb and capture maratha

2.sambhaji maharaj

3.lokmanya tilak

4.sardar vallabhabi patel

5.morarji desai

6.atal aur advani kamal nishani

7.narendra modi

8.varun gandhi


2014 ke elction ke pm honge

7 yaa 8


...

congress has made u 2nd class citizen

so leave this place and migrate to nepal

the only hindu nation in the world

and also they rate indians as no.1

so u will be no.1 citizen in nepal

for ticket enquires call

thomas cook

no visa required on arrival for you...