Monday, January 26, 2009

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Top Business News- IBNLive.com

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Satyam board reassures employees in new message
    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.
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.
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.
Raju diverted Satyam funds to buy 147 benami firms
    TIP OF THE ICEBERG? B Ramalinga Raju had claimed that he has made no profits while he inflated account book figures.Confession has been allegedly acquired by CID from trusted Raju aide.
Watch: CNBC-TV18 gives away Indian Business Leader Awards
    The awards aim at recognising India's true business leaders.

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