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Satyam is cash surplus again Company clears salaries, most of its pending bills. Chennai, April 2 With prospective buyers set to make their bids, Satyam Computer, which was struggling to even meet its January salary bill, now reports a small cash surplus. This is after ... Satyam board for open auction Hyderabad, April 2 The board of Satyam Computer Services has modified the bidding process for the sale of 51 per cent in the company by allowing for open auction method instead of the sealed ...

Glaxo SmithKline AGM:<...	Mutual funds asset base sees marginal decline Only HFDC manages to show rise among biggies. Mumbai, April 2 There was a marginal decline in the asset base of mutual funds due to withdrawals by corporates and banks for advance ...

Bajaj gets engine technology patent
The ‘ExhausTEC’ was a bone of contention in its legal feud with TVS Motor. Mumbai, April 2 Bajaj Auto has been granted the patent for its ‘ExhausTEC’ invention, which was a bone of contention in its legal feud with TVS ...

Sugar mills sweeten offer for cane cultivation
Lure farmers with higher prices, incentives fearing shortage. Chennai, April 2 Sugar mills are encouraging farmers to go in for cane cultivation with higher prices and incentives, fearing sugarcane shortage as farmers divert to ...

What is the Satyam-Upaid case about?
‘Upaid weak on at least two counts’. Chennai, April 2 The Upaid suit of $1 billion against Satyam for forgery is one of the major legal liabilities that prospective buyers are currently assessing. What exactly is the Upaid case ...

Inflation rate inches up marginally to 0.31%
Wholesale Price Index for all commodities at 227.3. New Delhi, April 2 Inflation rate edged up marginally on Thursday but remained close to ...

‘Key reform word is balance’
New Delhi: Even as electioneering is yet to get into its stride, with some of the major parties such as the BJP still to unveil their manifestos, the Congress went one up recently, releasing a sleek 21-page booklet that charts ...

Banks reduce bulk deposit rates as credit offtake remains slack
Corporate fund inflows rise; pressure mounts to cut lending rates. Bangalore, April 2 Faced with mounting pressure to reduce lending rates and to counter slack credit offtake, banks have begun driving down bulk ...

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