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Maytas account books under SFIO probe

January 22, 2009 11:17:30 am

Construction firm Maytas Infra said on Thursday its account books were being probed by SFIO.

Hyundai Q4 profit dips 28 pct

January 22, 2009 11:01:06 am

Hyundai posted a surprise 28 pct fall in quarterly profit hit by lower investment gains.

Sony may shut TV plant in Japan

January 22, 2009 10:09:15 am

Sony said it may halt production at one Japanese TV plant,as it grapples with slide in demand.

‘Sony to announce restructuring details soon’

January 21, 2009 2:12:02 pm

Sony Corp will announce details of its restructuring plan this week amid internal company resistance to job cuts in Japan.

Inflation seen at 5.05 pct on Jan 10

January 21, 2009 1:23:36 pm

India's annual inflation rate should have fallen to an 11-month low in the second week of 2009.

Maytas is being probed by CID: YSR

January 21, 2009 11:49:33 am

Andhra Pradesh CM Reddy has said the state CID is probing the affair of Maytas Infra.

Suitors lining up for scam-hit Satyam

January 20, 2009 8:15:43 pm

Larsen and Toubro is believed to have approached the govt evincing interest to buy out Satyam.

Hopes high on Obama,markets wobble

January 20, 2009 11:56:09 am

The first African-American to become US president will take his oath against the backdrop of drawn-out US and global downturn.

Govt sees ‘nexus’ between Satyam,Maytas

January 19, 2009 6:55:36 pm

Govt has said there appeared to be a 'nexus' between the fraud at outsourcer Satyam Computer Services and other firms.

Satyam clients have approached us: TCS

January 19, 2009 6:48:26 pm

TCS said some Satyam Computer clients have turned to the Tata company on their own.

US client cancels contract with Satyam

January 19, 2009 5:07:25 pm

State Farm Insurance Co has terminated its contract,a Satyam spokeswoman said,but she declined to give details of the contract.

ICICI Bank may cut rates in 45 days

January 19, 2009 5:04:37 pm

ICICI Bank said that interest rates are expected to come down in the next one-and-a-half months.

RBS to unveil up to $37 bn of losses: Report

January 19, 2009 10:57:33 am

Royal Bank of Scotland will unveil up to $37.30 billion of losses for 2008 on Monday.

Raju may have siphoned cash: Report

January 19, 2009 9:28:32 am

B Ramalinga Raju,the founder and former head of Satyam Computer Services may have skimmed huge amounts of cash from the company,rather than padded its books as he claims,according to a report in the 'New York Times' that cited a person involved in the Satyam investigation.

Satyam board’s minutes details Maytas decision

January 17, 2009 3:20:27 pm

Coinciding with the meeting of the new board of Satyam,the minutes of the December 16 meeting of the now disbanded board today became public,detailing the unanimous decision to acquire two Maytas firms that proved to be the nemesis of the IT company's founder Ramalinga Raju.

US retail giant Circuit City goes out of business

January 17, 2009 12:35:39 pm

Economic downturn leading tightening of consumer spending has forced bankrupt second largest electronic retailer in the US,Circuit City.

New Satyam board members to meet; shares surge 40%

January 16, 2009 6:12:16 pm

The new board of fraud-hit Satyam Computer Services will meet again on Saturday to look for ways to raise new funds. However,despite the crisis it is going through after its chariman Ramalinga Raju's disclosures,the stock price of the company has gained 40 per cent.

Bajaj Auto Q3 net crashes 22% at Rs 166 cr

January 16, 2009 2:49:15 pm

Hit by a massive sales slump,Bajaj Auto reported a 22.43 per cent decline in net profit for the quarter ended December 2008.

KPMG replaces PWC on Ficci’s FRAME

January 16, 2009 1:27:41 pm

PriceWaterhouse has lost its mandate as the knowledge partner for Ficci's flagship annual entertainment event -- FRAME.

Govt to adhere to latest borrowing schedule

January 16, 2009 11:54:43 am

The government on Friday said that it will stick to its borrowing schedule as drawn up in January for 2008-09,as of now.