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Top Business News- IBNLive.com

Raju siphoned off Rs 20 crore every month Andhra CID alleges Raju and relatives involved in 400 illegal bank transactions. Recession-hit Microsoft to cut 5,000 jobs Software giant Microsoft will cut 5 pc of its estimated 95,000 work force. Minister denies govt trying to avert Satyam sell off The new Board is busy searching for a suitable CEO or CFO to save the Co. LIC stresses Satyam still valuable asset, saleable LIC however, ruled out joining the race for acquiring the troubled IT firm. Oil jumps nearly 7 percent on supply cuts, dollar OPEC is fully enforcing its deepest ever oil supply curbs. Intel to shut down three plants, dole out 6,000 pink slips Slow demand has left factories operating at less capacity. Larsen & Toubro frontrunner to buy Satyam L&T is likely to present a revival plan to the new board. Satyam-linked Maytas says account books being probed Maytas accounts are currently under investigation. Satyam may mortgage land to pay: Karnik Karnik says that the company is hopeful of getting money. Inflation on the rise again, at 5.60 pc on Jan 10 It was well above a median forecast in a Reuters poll. SEBI wakes up after Satyam, to keep an eye on India Inc He indicated that SEBI will be increasing its watch on India Inc. RSS URL: http://www.ibnlive.com/xml/rss/business.xml

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