Tuesday, February 17, 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.
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.
Gold price touches 15K, may go higher still
    BEYOND REACH: Indians may have to wait long for precious metal to become cheaper.Wedding season can't spur people to buy yellow metal.
No 'warning', BMW lays off 850 workers at Brit plant
    DRIVEN OFF: BMW asks over 800 workers to leave at its British plant. (<i>Photo: representational</i>)Employees say they were asked to leave an hour before their shifts.
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.

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