Tuesday, February 3, 2009

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Top Business News- IBNLive.com

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L&T firms up as Satyam bidder, to increase stake
    SUITORS FOR SATYAM: L&T is expected to increase its stake in Satyam.L&T is likely to counter-bid if other parties put up a formal bid.
SBI hints at further cut in lending rates
    CHAIRMAN ON INTEREST CUT: Chairman O P Bhatt says lending rates can fall further and has extended the scheme. The smaller PSU banks however may find it difficult to follow SBI'e lead.
SEBI seeks SC nod to interrogate Satyam's Raju
    IN THE DOCK: A lower court order had denied SEBI permission to interrogate the Raju brothers.A lower court had denied SEBI permission to interrogate Raju brothers.
US banks sought foreign workers amid meltdown
    TOUGH TIMES: Major US banks sought govt approval to bring foreign workers into the country.Major US banks sought govt approval to bring foreign workers into the country.
PSU banks to cut interest rates | SBI for further cut
    HARD TIMES: Markets the world over are in turmoil and need federal intervention.RBI monitors situation to keep markets active, soft interests rates help.
I'm a divorcee, will my alimony amount be taxable?
    MONEY MATTERS: When a divorcee receives alimony from estranged spouse, it constitutes as a part of capital receipt.The alimony received from an estranged spouse constitutes as part of capital receipt.

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