Mumbai: 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 13 January.
“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 here today.
“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.