Tuesday, February 3, 2009

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Top Business News- IBNLive.com

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Satyam has enough money for Feb salaries: sources
    SOME RESPITE: Satyam employees can breathe easy, at least for this month.Satyam employees can breathe easy, at least for this month.
Satyam saga: Ramalinga Raju is finally at SEBI's disposal
    QUESTION TIME: SC stepped in on Tuesday allowing the market-watchdog to quiz the Rajus.SC stepped in on Tuesday allowing the market-watchdog to quiz the Rajus.
SC stays order of limiting credit card interest rate
    PAY ON TIME:  Banks can now charge interest over the rate of 30 per cent per annum to credit card holders.The banks can charge more than 30 per cent per annum on credit card interest.
Satyam Board meet on Wed, to discuss buyout offers
    BOARD GAME: The six-member board is likely to consider offers from prospective buyers.The six-member board, constituted by the Centre to revive Satyam Computer Services, will meet on Wednesday.
Rajesh Saxena named American Express India CEO
    NEW MAN: Saxena will head India executive team and manage international consumer card services.Saxena was sales and marketing head, Citi Cards in Japan.
Satyam says won new deals despite fraud revelation
    COMING STRONG: Ninety per cent of Satyam's clients have committed to continuing business.Satyam Computer Services Ltd won 15 outsourcing contracts.
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.
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.

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