Tags:
Journalism of Courage
Dow Jones Indexes,a leading global index provider,has removed scandal-hit Satyam Computer from its ‘Dow Jones India Titans 30 Index’ and replaced it by Axis Bank.
The replacement will come into effect from January 13.
“Satyam Computer Services Ltd will be deleted from the ‘Dow Jones India Titans 30 Index’ and replaced by Axis Bank,” a statement from Dow Jones Indexes said in Mumbai.
“Satyam Computer Services Ltd is being removed due to financial distress,” the statement said.
The Hyderabad-based software firm has already been removed from various indices — Nifty and the Sensex — computed by NSE and BSE after the revelation of over Rs 7,000-crore fraud by the company.
