Friday, January 23, 2009

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Top Business News- IBNLive.com

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Satyam Board shortlists 3 names for CEO, CFO
    RESPITE FOR RAJU: A court rejected the requests of SEBI and SFIO to interrogate the Raju brothers.Satyam computers was hit by a Rs 7,800 crore accounting scandal.
SC dismisses Vodafone petition against I-T notice
    TAXING TIMES: Vodafone was slapped with a tax bill of $2 billion by way of capital gains tax.The apex court asked why $2 billion should not be recovered from Vodafone.
Satyam scam: Raju evades SEBI enquiry yet again
    NO ACCESS: The SEBI has not be able to question Ramalinga Raju on the Rs 7000 crore scam.The market watchdog's request was not maintainable under the law.
World markets fall as UK slides into recession
    SIGN OF THE TIMES: A shop offers big savings as it tries to bring customers through its doors in Belfast's city Centre.This is the the sharpest quarterly downturn in almost 30 years.
Phaneesh Murthy's iGATE open to buying Satyam
    GOING FOR SATYAM: iGate's Phaneesh Murthy had been the global head sales and marketing at Infosys.iGate says it will value Satyam on the basis of its assets and customer base.
SC asks Vodafone to respond to I-T notice
    TAXING ORDERS: The I-T Department had asked the telecom major to pay $1.7 bn as capital gains tax.The I-T Department had asked the telecom major to pay $1.7 bn as capital gains tax.
Raju may walk free as CID has 24 hrs to question him
    STILL ELUSIVE: Raju has so far succeeded in keeping away from the SEBI probe.The Andhra Pradesh CID is fast running out of time.
Raju siphoned off Rs 20 crore every month
    FUDGED AND COOKED: Satyam founder B Ramalinga Raju has admitted to a Rs 7,000 crore fraud in accounts.Andhra CID alleges Raju and relatives involved in 400 illegal bank transactions.

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