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21 cos mop up Rs 900 cr on an average from primary mkt
The economic slowdown might have squeezed credit flow, but primary market remained robust in 2009, with 21 companies mopping up an average of over Rs 900 crore.

Gold slides on weak global cues
Gold prices fell by Rs 250 to Rs 17,110 per ten gram in the bullion market today as investors resorted to heavy selling amid a weakening global trend.

News of the day

PM back after attending Copenhagen Summit
Prime Minister Manmohan Singh today returned home after attending the UN Summit on Climate Change in Copenhagen where a US-brokered deal with India and other emerging countries that places no legally-binding emission cuts on developed countries ran into trouble.
International Business

Satyam BPO on hiring spree

The BPO arm of Mahindra Satyam seems to be on a hiring spree with plans to recruit additional 300 persons by next month even as the parent is rationalising its headcount. Markets extend losses in noon trades However, he declined to divulge the name of the new client or the deal size. According to sources, the new win is in the telecom space. The total headcount of the company after the recruitment would stand at 2,900. Though the parent firm Mahindra Satyam has considerable presence in the domestic market, this is the first major win by Mahindra Satyam BPO in the domestic space. Rangineni further said the company would now focus on the sizeable domestic market. “Post the acquisition by Tech Mahindra, we now have a footprint globally and will leverage the strengths of Tech Mahindra wherever they are present,” he said. Mahindra Satyam BPO has one delivery centre each in Hyderabad, Bangalore, Chennai and Pune.


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