Satyam Infoway to issue ADS
Mumbai: Satyam Infoway has chosen the symbol ‘Sify’ for its forthcoming 4.8 million American depository shares issue, which is expected to be priced between $12 and $14. Of the total, 2.5 million shares have been reserved for US investors. Satyam Infoway is the second largest internet service provider in India.

Satyam is expected to net about $49.5 million from the issue after deducting issue expenses and underwriters' commission.
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BSE plans expansion
Mumbai: The Bombay Stock Exchange will expand its operations across the country. The BSE feels that this will result in increased volumes from places where there are stock exchanges.

The Securities and Exchange Board of India had only recently allowed stock exchanges to set up trading terminals all over India.
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