Satyam out of 'Dow Jones India Titans 30 Index'

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.

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.

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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 on Friday. "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.