Tuesday, January 20, 2009

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Top Business News- IBNLive.com

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Satyam may have inflated employee count :Report
    PUSHED TO THE BRINK: Satyam plunged into crisis after founder Ramalinga Raju resigned as chairman on January 7.Satyam Computer may have up to a fifth fewer staff than it has said.
The inside story of how Satyam scam unfolded
    THE (I)CONS: The CID is questioning Raju brothers and former Satyam CFO Vadlamani Srinivas.Satyam needs Rs 500 crore immediately just to pay its salaries.
Satyam saga: If Raju lying then where's the money?
    WEB OF LIES: Raju said he had injected Rs 1,230 crore in Satyam but it is not reflected in the accounts.Who all benefitted from the fraud? Did this include politicians, bureaucrats?
Ex-Satyam chief Raju may have siphoned cash: Report
    KEEPING WATCH: A security guard stands outside the head office of Satyam Computer Services in Hyderabad.Investigators have found a maze of about 300 companies related to Raju.
$149 bn rescue plan for Royal Bank of Scotland
    GUARANTEEING DEBT: The UK government will allow banks to insure against steep losses. The government already owns 58 per cent of the bank.
Maytas chief executive resigns from board
    SATYAM FIASCO: Maytas CEO Madhav resigned as CEO of the company on January 14.P K Madhav has resigned as whole-time director of the board.

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