Tuesday, January 27, 2009

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Top Business News- IBNLive.com

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Satyam board meeting starts, new CEO and CFO soon
    ON THE AGENDA: The new Board wants to ensure Satyam employees get salaries on time and customers stay on.The new Satyam Board was to meet on Monday, postponed it to Tuesday.
Hit by US meltdown, IBM to cut 2,800 jobs
    HIT BY RECESSION: The job cut in IBM is evenly split between its software division and sales and distribution unit.IBM is the world's biggest technology services company.
Satyam reassures workers with new message | Watch
    SATYAM FIASCO: Since the day Raju confessed to a fraud, Satyam has been without a CEO.The board has added it's tough to arrange for funds.
Satyam Board to meet today, CEO's name to be finalised
    TREADING ON THIN ICE: New Board must secure the future of the employees, the company & the Indian IT industry.The Board is moving cautiously as the company's fate hangs by a thread.
Indian economy slowing down, admits RBI
    REALTY BITES: In India the slowdown in the realty sector is affecting the financial sector.RBI says Indian economy is slowing down due to the global meltdown.
Devil's Advocate: Kiran Karnik on Satyam's future
    WORRIED ABOUT FALLOUT: Kiran Karnik says India Inc needs to try and become better after the Satyam scandal.A member of Satyam board, Karnik says India Inc needs better ethics.
Satyam salaries on time | Board meets to finalise CEO
    ONEROUS TASK: The new Board has a lot to do in terms of stabilising Satyam.The Board has the onerous task of getting Satyam back on track again.
Tata Steel's Corus to cut up to 3,500 jobs: report
    UNDER RECESSION: The Corus steel logo is displayed in London.The job cuts has been accelerated by the crisis in the global steel industry.

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