Tuesday, February 17, 2009

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Top Business News- IBNLive.com

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Satyam scam rocks RS, Govt assures fair probe
    HOW THE MIGHTY FALL: Satyam has been facing crisis since Ramalinga Raju admitted to accounting fraud on January 7.Corporate Affairs Minister PC Gupta says Govt ready to discuss the issue.
Interim Budget pushes UPA agenda, no tax cuts
    THAT IS ALL: External Affairs Minister and acting FM Pranab Mukherjee with Budget papers outside the Finance Ministry.Pranab Mukherjee presented Interim Budget on Monday in Parliament.
Global meltdown has hit IT hiring in India: Nilekani
    WARNING: Nilekani admits that IT industry now faces an unprecedented crisis, end of crisis not predictable.India must create 270 mn jobs by 2035 to reap benefits of demographic change.
Interim Budget: UPA to overshoot expenditure estimate
    GOING OVERBOARD: The gross budgetary support for the plan is 17.16 pc higher than that in 2008-09.The Government has revised the total expenditure estimate.
Infosys plans no lay offs; to go on with recruitment
    NOT YET HIT: Infosys sees the US stimulus packages, H1B visa restrictions as no hindrance yet.Infosys to continue to honour the job offers it had made in the past.
Finally, CBI to probe Satyam fraud case
    BOTTOMLESS PIT? The Satyam scam is so deep and messy that probing agencies can get foxed trying to solve it.. The scandal is currently being probed by the CB-CID of Andhra Pradesh police.

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