Wednesday, January 28, 2009

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Top Business News- IBNLive.com

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Indian of the Year Business: HDFC's Aditya Puri
PriceWaterhouse suspends Satyam-linked duo
    SATYAM SCAM: On Jan 13 CID raided PriceWaterhouse's office in Hyderabad and seized documents relating to the scam.PwC has suspended them for alleged involvement in the Satyam scam.
Satyam seeks SEBI nod for waiver from 26-week price
    This is a mandatory 26-week average price for potential open offers.
Over 50,000 job cuts in the US | 'Bloody Monday'
    LAYOFFS: Caterpillar said it would cut over 20,000 jobs to deal with the global business environment.American economists say they expect the recession to worsen this year.
Raju’s lawyers stern, employee numbers not fibbed
    SOME TRANSPARENCY: The Satyam board has confirmed that there has been no fudging of the employee count.The Satyam board has confirmed that there has been no fudging of the employee count.
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.

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