Thursday, March 5, 2009

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Top Business News- IBNLive.com

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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.
US unemployment at 8-9pc till 2010: William Gross
    REALITY BITES: Pimco's co-CIO says to suggest we are coming out of recession quickly  is to avoid reality.Gross believes the economy will bounce back at the mean level.
Experts cheer reverse repo cut, see rise in lending
    NEED OF THE HOUR: Banks will be more willing to  lend money to industry instead of just parking it with RBI.There will be further disincentive for banks to just park money with RBI.

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