The Hindu Business Line : Saturday, January 10, 2009

Govt to take over management control of Satyam Computer
Existing board disbanded; 10 nominee directors soon. New Delhi, Jan. 9 The Company Law Board on Friday allowed the Government to effectively take over the management control of the beleaguered Satyam Computer Services, following the Rs ...

Ramalinga Raju surrenders
Hyderabad, Jan 9 Mr B. Ramalinga Raju, who quit as Chairman of Satyam Computer Services admitting to a Rs 7,136 crore financial fraud, surrendered to the State police here on ...

Farewell message: ... Satyam would be out of F&O from January 30, say bourses
Move would limit the price movement during intra-day. Chennai, Jan. 9 After excluding Satyam Computer from the indices, the exchanges have excluded the stock from the derivative segment as well. This means the stock would not see a free fall or ...

New facility for providing liquidity to NBFCs cleared
New Delhi, Jan. 9 Following the announcement of liquidity facility for non-banking finance companies (NBFCs) in the recent stimulus package, the Union Cabinet today approved Stressed Assets Stabilisation Fund (SASF) to function as the ...

Nifty, Sensex cos to come under peer review
Mumbai, Jan. 9 The Securities and Exchange Board of India has decided to subject all Nifty and Sensex companies to a peer review of their accounting statements in the wake of the Satyam ...

PSU oil officers call off strike
New Delhi, Jan. 9 As the sun set on Friday, it ensured that the tension written large on the faces of oil PSU chiefs, senior Petroleum Ministry officials and public at large was over, with the oil officers calling off their indefinite ...

Satyam still has many buyers as it plunges to a new low
FRENZIED ACTIVITY. Mumbai, Jan. 9 Hyderabad is the cynosure of all eyes and the woes of Satyam Computer Services Ltd are far from over. But, at the dealing rooms of brokerage houses in Mumbai, it was business as usual at the counters, with many ...

Inflation rate dips on cheaper primary items
Wholesale Price Index of all commodities at 229.5. New Delhi, Jan 9 The annual Wholesale Price Index-based inflation rose 5.91 per cent during the week ended December 27, slower than the previous week’s annual rise of 6.38 per cent, with ...

Serious Frauds Office team examining Satyam records
Raju to appear before SEBI today. Hyderabad, Jan. 9 On a day of dramatic developments at Satyam Computer Services, one thing became clear: Mr B. Ramalinga Raju is likely to appear before SEBI (Securities and Exchange Board of India) on Saturday ...

MS previews new Windows version, seeks user feedback
Trial version available; will work only as Vista upgrade. Bangalore, Jan. 9 It’s always a good idea to listen to your customer. If you don’t, you might end up creating something they won’t accept. Microsoft learnt this the hard ...

Axis Bank net rises 63% on strong income flows
‘Q3 was tough due to tight liquidity, rising interest rates’. Mumbai, Jan. 9 Axis Bank reported a net profit of 63 per cent at Rs 501 crore for the quarter ended December 31, 2009, against Rs 307 crore in the corresponding quarter ...

‘Rs 1 lakh cr in infrastructure will be committed in 100 days’
Govt may use sovereign guarantees to fund projects. Chennai, Jan. 9 The Union Minister of State for Industry, Dr Ashwani Kumar, on Friday said that investments worth Rs 1 lakh crore in infrastructure projects will be committed in the next ...

Markets this Week
Little did the Indian bourses, which opened on Monday on a positive note because of the second stimulus package announced by the government earlier, know that it would receive a bombshell two days later in the form of startling revelations of ...