Friday, March 6, 2009

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Top Business News- IBNLive.com

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Satyam gets approval to sell 51 pc stake
    FIGHTING BACK: Fraud-hit Satyam is looking for suitors who will keep it in business. Fraud-hit outsourcing firm gets market regulator's approval.
Analysts fear deflation will hit India in 2-3 months
    BAD TIMES AHEAD? Analysts says prices going down is a not a good signal for the economy always.On Thursday the inflation stood at just over 3 per cent.
Latest casualty of recession: IIM placements
    WHAT NEXT? Management students are struggling to get placements this year.Management students are struggling to get placements this year.
Indian rupee to get its own symbol soon
    HOW TO REPRESENT RUPEE? A hunt is on for an internationally recognised rupee symbol.The Ministry of Finance has launched a nationwide competition for it.
Post-Satyam scam, PWC to set up advisory board
    PRESTIGE AT STAKE: The global auditing firm considers its India operations as important.PwC resigned as the statutory auditor for Satyam after te scam broke out.
GM may not survive downturn, say auditors
    FUTURE BLEAK: GM said there was GM has until March 31 to prove it can avoid bankruptcy or it loses govt loans.
ONGC loses Rs 2,700 cr in market cap in one day
    ACCUSED: GOI of having taken out 20 bn dollars from the oil company without consulting its shareholders.On the BSE, ONGC scrip plunged over 1.90 per cent to settle at Rs 651.85.
Nod for 4 govt directors on Maytas Infra board
    FAMILY SCANDAL: Maytas is controlled by B Ramalinga Raju's sons.Lawyer, chartered accountants in appointment list.

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