The Hindu Business Line : Saturday, January 10, 2009

GOVERNMENT

POLICY: 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 ...

POLICY: 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 ...

POLICY: Amended Insurance Bill to be booster to private players
Will help them raise much-needed capital. Bangalore, Jan. 9 The private sector insurance companies are likely to be the first ones off the block to take advantage of the government’s move to amend the capital ...

POLICY: Gujarat may cancel allotment of land to Satyam’s IT SEZ
Gandhinagar, Jan. 9 With Mr B. Ramalinga Raju’s admission of account-fudging to the tune of Rs 7,000-plus crore over the last few years and uncertainties the controversy has kicked off, the GujaratGovernment is likely to cancel allotment ...

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Markets (Jan 09)

Nifty (at close)	2,873.00(-47.40)
US Dollar (Buy/Sell)	48.30/31
Brent crude (a bbl) Rs	2,224
Gold (a gram) Rs	1,229
Silver (a kg) Rs	18,290

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