April 04, 2009 (Mumbai):The Satyam Board has extended the final date for submission of bids for acquiring up to 51 per cent stake in the company to April 13 and expects to announce the name of the winner on the same evening, member of the government-appointed board Deepak Parekh said.
"We met bidders yesterday and they requested for an extension of the date. They wanted more information about the company and hence the extension," Parekh said in Mumbai.
The Board will be supplying them with the information "today or tomorrow," Parekh said adding that "the name of the winner will be announced by April 13."
Satyam's government-appointed Board had earlier fixed April 9 as the deadline for interested parties to submit their bids.
Satyam's Board members met with potential bidders yesterday at a meeting in the metropolis which was also attended by the company's newly-appointed CEO A S Murty and investment bankers Goldman Sachs and Avendus.
While the names of all the bidders have not been disclosed, engineering major Larsen & Toubro and Tech Mahindra are prime contenders for the Hyderabad-based IT major.
L&T CFO Y M Deosthalee and Tech Mahindra International Business President C P Gurnani met with the Satyam's Board members on Friday.
The additional data sought by the bidders will be put up on the company's website, Parekh said. Refuting allegations about the lack of transparency in the bidding process, he said that the Board was conducting the bidding process in the most transparent manner.
Hyderabad-based Satyam, founded by B Ramalinga Raju, was hit by crisis after Raju resigned as Chairman admitting to over Rs 7,800-crore fraud.
The government then scrapped the old Board and reconstituted it. Satyam Board had recently amended the bidding process to bring about more transparency.
The Board will now go for an open auction in case of more than one bidder within 90 per cent of the top financial bid. L&T, which holds a 12.04 stake in Satyam, is considered as the front-runner in the race to acquire the IT major while other strong contenders include Tech Mahindra and private equity firm, W L Ross.
Source From: http://profit.ndtv.com/2009/04/04151547/Satyam-bid-winner-likely-by-Ap.html
India 349/5 at stumps, lead by 531 runs
Sunday, April 05, 2009 (New Delhi):India opener Gautam Gambhir's (167) extraordinary show with the bat powered India to a respectable total of 349/5 in their 2nd innings before bad light forced stumps on Day 3 of the final Test against the Kiwis.
In the morning, Gambhir on 9, and middle-order batsman Dravid on 28, kicked off Day 3 with the overnight total of 51/1. Gambhir looked confident as ever and started off well while the latter seemed to be in his usual sticky form.
Soon, Delhi batsman scored 51 runs off 76 balls and gave the required momentum to the Indian innings. Dravid followed patiently and completed his fifty runs in the 41st over with a classy shot off to the boundary. It was 57th addition to his Test half-century stack and with this effort, India crossed 150-run mark.
Both the batsmen not only saved the wickets in the first session but also played some nice strokes in and outside the boundary to take the visitors to 170/1 in the lunch break, adding another 119 runs to the overnight lead of 233.
Soon after the break, Gambhir smashed Southee's delivery off for a four to craft a well-deserving 6th Test century of his career. What a confident way to bring up the three-digit mark, similar to the one he hit against Australia in Delhi to get his ton.
An over later, Daniel Vettori scalped Dravid with the help of a superb take by wicketkeeper McCullum. The agile keeper moved to his left in anticipation of Dravid's sweep shot that eventually ended in his gloves.
India stood strong at 184/1 when Sachin Tendulkar came in to bat in place of Dravid, who has been consistent enough throughout the series, yet again showed his mettle.
What was being considered as master blaster's last Test innings in New Zealand, didn't prove to be a treat for the Kiwi fans. Vettori struck for the second time to cut short Tendulkar's (9) outing when he was caught at slips by diving Taylor.
VVS Laxman, who is in his top form, then joined Gambhir at the crease. Expectedly, VVS batted well to support Gambhir playing at 121 at the other end.
Laxman played patiently to open his account while Gambhir was seen racing towards his 150 runs and achieved the landmark in Vettori's over, claiming an average of 77.6 in Tests.
His splendid display with the bat triggered India to 269 at the loss of 3 wickets by tea break.
Laxman's resilience, once again, came handy for India as the right-hander raised his 39th Test half-century in the 87th over of the day. A stylish boundary from his bat got him to the mark.
And as Gambhir looked set to hit his double hundred, New Zealand pacer spoiled his party and came to the rescue for the Kiwis. The quickie caught the aggressive batsman plumb in front of the wickets to send him back on 167 runs off 257 balls. Yuvraj Singh stepped in next.
Yuvraj had just initiated his innings when Laxman (61) was removed by O'Brien. The pacer struck for the second time to clean bowled the classy batsman. Skipper Dhoni then came in at a time when India's position was already strengthened by some excellent knocks.
The left and right hand combination of Yuvraj (15*) and Dhoni (16*) batted till the time bad light forced stumps on third day.
On Day 2, riding on Zaheer Khan's 5-wicket haul, India wiped off Kiwi batting order for 197 and batted in their 2nd innings to score 51 at the loss of 1 wicket. New Zealand pacer Chris Martin got the breakthrough for his side to send back Virender Sehwag (12).
India dominated the second day to sweep all 10 Kiwi wickets that led to their 2nd innings batting in the last hour of the game. Gautam Gambhir and Virender Sehwag opened the innings to extend their lead of 182 runs. But Sehwag's reckless display with the bat, yet again, saw him going back to pavilion in the second over.
Source From:http://cricket.ndtv.com/cricket/ndtvcricket/storypage/ndtv/id/SPOEN20090089737/story.html
Joginder, Sreesanth surprise absentees in T20 WC probables
April 05, 2009 (Mumbai):Pacers Joginder Sharma, who starred in the 2007 World Twenty20 Championships, and S Sreesanth were left out of the 30 probables announced by the BCCI on Saturday for the second edition of the prestigious event to be held in England in June.
Piyush Chawla and Ajit Agarkar were the other prominent names which did not figure among the probables, otherwise comprising members of the inaugural World Cup winning Indian squad.
While Sreesanth, who is nursing an ankle injury and was suppose to be fit before the T20 World Cup, no reason was known for omission of Sharma, Chawla and Agarkar.
BCCI Secretary N Srinivasan refused to comment on the omission of the players who played in the last edition of the tournament.
"The Board cannot comment on player selection. It is a matter concerning the selectors not us," he told PTI.
Batsman Robin Uthappa return to national fold after around an eight-month lay off even as senior pros Sachin Tendulkar, Rahul Dravid and VVS Laxman continued to remain out of the Twenty20 scheme of things.
The list will be pruned to half before a final squad is named.
India Probables for ICC World T20 2009
Virender Sehwag, Gautam Gambhir, M S Dhoni, Suresh Raina, Rohit Sharma, Yuvraj Singh, Yusuf Pathan, Irfan Pathan, Zaheer Khan, Ishant Sharma, Munaf Patel, Ravindra Jadeja, Pragyan Ojha, Harbhajan Singh, Praveen Kumar, Dinesh Karthik, M Vijay, A Rahane, S Badrinath, Robin Uthappa, Virat Kohli, Manoj Tiwary, Wriddhiman Saha, Abhishek Nayar, Amit Mishra, R Ashwin, R P Singh, L Balaji, Dhawal Kulkarni, Naman Ojha.
Source From: http://cricket.ndtv.com/cricket/ndtvcricket/storypage/ndtv/id/SPOEN20090089675/story.html
Australia regain No.1 spot in ODI rankings
April 05, 2009 (Dubai:Australia has regained the number-one spot in the Reliance Mobile ICC ODI Championship after defeating South Africa by 141 runs in the first ODI of the five-match series in Durban on Friday.
Australia, which surrendered its top position to the Proteas after stand-in captain Johan Botha inspired his side to 4-1 victory in Australia earlier this year, had started the series trailing Graeme Smith s side by one ratings point. And such is the competitiveness at the top of the table that victory in the first ODI has given Australia a swing of three points as it now sits on 125 with South Africa on 123.
ICC Rankings
However, South Africa still has a chance to finish the series in number-one position if it wins the series 3-2 or better. On the other hand, to return home with the number-one tag Australia needs to win the series 3-2 or better while a 4-1 victory will put it on 127 ratings points and will drop South Africa to third position behind India on 121.
England's 3-2 victory over the West Indies has earned Andrew Strauss' side one ratings point as it closes the gap with fifth-placed Pakistan to just three. The West Indies has stayed in eighth position on 92.
Meanwhile, Sachin Tendulkar vaulted two places to 11th spot, gathering 703 points with an average of 44.37, in the ODI batsman ranking, which is led by Team India skipper Mahendra Singh Dhoni.
Dhoni retained the top slot with 815 points in his kitty, while left-hand batsman Yuvraj Singh (5th), Virender Sehwag (7th) and Gautam Gambhir (17th) slipped down by one rung each, an ICC release said.
Left-arm paceman Zaheer Khan, who figures 15th after sliding down by one step, is the only Indian among the top-twenty ODI bowlers. Zaheer has an economy rate of 4.86.
The bowlers' list is headed by Sri Lanka pacer Nuwan Kulasekara.
Yuvraj with 340 points maintains his fourth place in the list of top-five all-rounders, which has Shakib Al Hasan of Bangladesh on the top.
Source From: http://cricket.ndtv.com/cricket/ndtvcricket/storypage/ndtv/id/SPOEN20090089711/story.html
No comments:
Post a Comment