Friday, March 13, 2009

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Top Business News- IBNLive.com

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iGATE joins fray to buy majority stake in Satyam
    BIG FISH WANTS SATYAM: Nasdaq-listed IT firm iGate joins race to buy Satyam Computer.Nasdaq-listed company interested in buying majority stake in company.
Wall Street fraudster guilty, faces up to 150 yrs in jail
    ANATOMY OF GREED: Disgraced financier Bernard Madoff swindled investors out of billions of dollars.Disgraced financier B Madoff swindled investors out of billions of dollars.
US food bank gets an Olympic-sized cereal donation
    NO CLUE: Food bank exec director Paul Ash says he doesn't know specifically why the cereal was donated. Kellogg's says it routinely donates food still good but nearing end of shelf life.
Living in times of recession: 18 ways to cut costs
    MAKE A SHOPPING LIST: Purchase only the items on the list, avoid the rest.How to deal with meeting the basic requirements with less means to buy them?
Madoff pleads guilty to $50-bn fraud, jailed
    GUILTY PLEA: Madoff was arrested in December for allegedly running a $50 billion pyramid Ponzi scheme.Madoff admitted to a $50-billion fraud in court on Thursday.
Bharti Airtel CEO offloads his stake in company
    SINGING A NEW TUNE? Manoj Kohli's entire stake in Bharti Airtel stands at 1.2 lakh shares.Manoj Kohli's entire stake in Bharti Airtel stands at 1.2 lakh shares.
IIP numbers fall by 0.5 per cent in January
    POOR SHOW: The fresh data places a question mark over India being able to log an overall economic growth of 7 per cent.India's industrial production fell to log a decline for the second month in a row.
Inflation@2.43 pc: Figure lowest since June '02
    THE NUMBER GAME: The inflation figure was the lowest since June 2002.The wholesale price index however rose by 0.04 per cent during the week.
Satyam US lawsuits may cost $440-$840 mn: report
    COSTLY AFFAIR: Satyam has been struggling for survival after the company was hit by a fraud scam.The fraud-hit IT company Satyam has been struggling for survival.

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