Thursday, January 15, 2009

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Top Business News- IBNLive.com

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Satyam needs loan, not a bailout: Kiran Karnik
    BRINGING HOPE: Counting Fortune 500 companies as its clients, Satyam says it's capable of bouncing back.Satyam has to declare its third quarter results by the end of this month.
BSE Sensex falls 4 pc, Satyam dives 30 pc
    NONCHALANT: People walk past the Bombay Stock Exchange (BSE) building in Mumbai on January 9, 2009.Experts say people realise there is no bailout, so they are dumping Satyam.
Big fuel price slash likely today
    OIL WILL BE WELL: Cabinet may issue an additional Rs 30,000-crore oil bonds this fiscal.Petrol may get cheaper by Rs 5 a litre, diesel by Rs 2 a litre.
Business tycoons who made the 2008 ride easier
    SHOWING THE WAY: Six business leaders stood out for guiding their business through the economic slowdown.The year 2008 was very tough for India Inc with major economies in recession.
First tech giant falls to recession; Nortel goes bust
    LOGGING OUT: Company was due to make a debt payment of $107 million on Thursday.Telecom equipment maker seeks bankruptcy protection in Canada, US.
Satyam is viable, doesn't need bailout: Karnik
    WE WILL BE FINE: Satyam board member Kiran Karnik says a bailout is not in company's interest.Sources in the government say the Centre is not planning any bailout.
Satyam bosses sold most shares ahead of scam
    SELLING SPREE: The selling raises questions of corporate governance and insider trading. Sources say Satyam bosses systematically sold off their shares.

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