Satyam Infoway to issue shares to promoters
Mumbai: Satyam Infoway will sell warrants representing equity to Satyam Computer Services and the Commonwealth Development Corporation. Satyam Computer will get 1,50,000 shares and CDS 6,00,000 shares. The shares will be issued at a 66 per cent discount -- at $11.8 per share.

The company has issued 4.175 million fresh shares at a price of $18 per share after its listing on the Nasdaq.
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Hindustan Copper to close down mines
Jamshedpur: The public sector Hindustan Copper Ltd has decided to close down two of its four operative mines at Ghatsila in Bihar. The company has sought permission from the labour ministry to close down the Kenduadih and Pathargora mines.

The company says nearly 1,100 workers will be rendered surplus as a result of the closure.
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HealthScribe in search of JV partners
Bangalore: HealthScribe India, a wholly-owned subsidiary of HealthScribe Inc of the US, a major player in medical transcription, is scouting for partners to set up joint venture companies. The company is entering the sub-contracting business. It has also identified major cities in Andhra Pradesh, Tamil Nadu and Kerala for floating the joint ventures.

HealthScribe India is a joint venture with a local partner based in Mysore.
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List good, bad companies: Narayana Murthy
New Delhi: Infosys Technologies chairman N.R. Narayana Murthy says financial institutions should publish a list of all good companies and poorly-performing companies twice a year.

Addressing a seminar on corporate governance organised by the Confederation of Indian Industry and the Indian Council for Research in International Economic Relations, Mr Narayana Murthy said corporate governance essentially revolved around putting public good ahead of private good and ensuring that some shareholders who happened to be in management do not accrue disproportionate profit for themselves.

He said in India "you see sick companies but no sick industrialist. This sums up the problem of corporate governance".
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Vodafone aims at Mannesman
London: Vodafone AirTouch is considering an unsolicited bid for German telecom major Mannesmann.

The Financial Times said Vodafone, the world's biggest cellphone group and a partner in Europe for Mannesmann, is stung by the German group's agreed 19.8 billion bid for Orange, the rival UK mobile communications company. The paper said Vodafone would like to persuade Mannesmann to merge with Vodafone instead of trying to acquire Orange.
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Amazon.com sues rival
Seattle: Amazon.com says it has filed a suit against Barnesandnoble.com, a rival, for allegedly infringing on patented online shopping technology. In a complaint filed in the US district court in Seattle, Amazon.com alleged that Barnesandnoble had "meticulously copied" its proprietary and patented "1-Click" express checkout system.

Industry sources, however, said nearly half of all online retailers use some type of express shopping mechanisms to speed checkout for returning customers. Amazon said it is seeking damages equivalent to a reasonable royalty for its invention, tripled, plus legal expenses.
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