Thursday, January 15, 2009

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Top Business News- IBNLive.com

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Slowdown hits India, Govt braces for 50k cr shortfall
    THIRD QUARTER SHORTFALL: The North Block held a meeting to look at ways of increasing revenue. The Govt is figuring out how to strengthen its own finances.
Govt nominates three more on Satyam board
    IN CRISIS: Satyam Computers founder Ramalinga Raju (inset) quit after admitting to a multi-crore accounting fraud.Tarun Das, TN Manoharan and Suryakant Balakrishan are the new faces.
Forensic experts to help unravel Raju's Satyam scam
    SCAMSTER: Sources says Ramalinga Raju may have played around with accounts format.Sources says Ramalinga Raju may have played around with accounts format.
Satyam Computer pays salaries to staff in US
    WORKING FINE: Deepak Parekh claims Satyam has IOUs worth Rs 1700 crore.Deepak Parekh claims Satyam has IOUs worth Rs 1700 crore.
JP Morgan reports fourth Quarter net income of $702 mln
    FINANCIAL CRISIS: Analysts say that bank is in a better position to weather financial crisis.Analysts say that bank is in a better position to weather financial crisis.
Hard nut to crack: Raju's math has experts puzzled
    CALCULATED MOVES: Raju has apparently left very few loopholes for agencies to probe.Agencies have called for the services of forensic accounting experts from KPMG.

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