Wednesday, January 21, 2009

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Top Business News- IBNLive.com

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Satyam may mortgage land to pay: Karnik
    INSIDE STORY: Satyam board member Kiran Karnik says either PwC was complicit or incompetent.Karnik says that the company is hopeful of getting money.
Citigroup CEO, chairman, CFO get no bonuses
    NO INCENTIVE: Citigroup lost $28.55 billion over the last 15 months, including $18.72 billion in 2008.The move came following five straight quarterly losses for the bank.
Noose tightens on Raju; regulators issue more orders
    SATYAM SCANDAL: Former Satyam Computers chief is currently in Andhra Police's custody.Disgraced former Satyam boss forbidden from selling shares.
Wipro Q3 net up 8.7 pct, meets forecast
    MEETING EXPECTATIONS:  Azim Premji, Chairman of Wipro Ltd., presents the company's second quarter result in Bangalore in this October 15, 2004.Total revenue rose 25 percent to 65.4 bn rupees, as its IT services business added 31 clients.
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.
Satyam approached by potential buyers: Tarun Das
    LOOKING ON: An employee and security guards at the Satyam head office entrance in Hyderabad.Newly appointed board member Tarun Das made the revelation on Tuesday.
Satyam probe an eyewash, Raju's questions 'too easy'
    TOO EASY: Sources say the CID has been questioning him for only 8 hours a day.Sources say the CID has been laidback in the interrogation of the Raju brothers.
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.

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