Wednesday, February 18, 2009

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Top Business News- IBNLive.com

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Govt to take over Raju family firm Maytas
    FAMILY BUSINESS: B Ramalinga Raju wanted to take over Maytas with Satyam's funds.Union Company Law Minister says Govt suspects fraud.
Obama signs $787 bn economic stimulus bill into law
    NEW ACT: President Barack Obama prepares to sign the economic stimulus bill during a ceremony in the Museum of Nature and Science in Denver.The plan is designed to create millions of jobs and boost consumer spending.
HDFC head calls SBI's loans at 8 pc a gimmick
    LOAN TUSSLE: Private banks are still circumspect of cutting rates citing a slowdown in demand as the main reason. SBI offering an interest rate of as low as 8 per cent for all home loans.
Satyam scam starts Govt-Opposition row
    BAD COMPANY: Company Affairs Minister P C Gupta admits laws shortcomings in laws against fraud.Company Affairs Minister fends off Opposition onslaught.
2 senior managers out; Satyam may dump more | RS fury
    MANAGING CRISIS: Satyam's founder is under arrest after admitting to multi-crore fraud.Fraud-hit company 'rationalising' its organisation structure.
Satyam scam rocks RS, Govt assures fair probe
    HOW THE MIGHTY FALL: Satyam has been facing crisis since Raju admitted to accounting fraud on January 7.Corporate Affairs Minister PC Gupta says Govt ready to discuss the issue.

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