The price of the open offer by Emami has been raised for the shareholders of Zandu Pharmaceutical Works to Rs 15,000 a share from Rs 7,315 a share.  Emami is a very well known consumer products maker.

However, the new price is still very below the Zandu Share price. On the Bombay Stock Exchange, Zandu’s share price closed at Rs 16,728 and the analysts are assuming that Emami will still fail to buy new shareholders even at the new price.

Harsh V Agarwal, Emami Group director reported, “We have always kept the interests of the minority shareholders in mind and have decided to come up with a revised offer in the wake of prevailing market trends. This is an excellent opportunity for the shareholders to realize the best value for their shares.”

In the coming three years, 24,600 employees working in Hewlett-Packard (HP), will lose their jobs, for the company has joined operations with Electronic Data Systems, which is basically a technology services company acquired by HP recently. The news came last night and it will account in cut of nearly 8% of the employees.

HP confirmed after the markets were closed yesterday that the employees working within the ranks of EDS will suffer most of the job cuts whereas half of them would get jobs in the US.

Earlier HP had not clarified as to how many employees of both the companies will lose their jobs. HP had 178,000 staff and EDS had 142,000 before the agreement was signed between the two companies.

Satyam Computer has received a SAP implementation order form Oman-based Khimji Ramdas LLC (KR) standardizes. Satyam is the fourth largest software exporter of India.

With the aim to finance its acquisition of Groupe Danone`s stake in Britannia Industries, Bombay Burmah Trading Corporation, the overseas branch of Wadia, will raise USD 200 million from the intern

H & R Johnson (India) Limited, has signed a 50:50 JV pact with Silica Ceramica Pvt. Ltd., to set up a tile manufacturing facility at Eluru in Andhra Pradesh.

Vienna - The price for cru