Business News
ReutersJan 13, 2009
Infy sees no fallout from fraud at Satyam Subscriber Only
Infosys said it was not seeing any fallout of the accounting fraud at rival Satyam Computer.
ReutersJan 13, 2009
Sony may post $1.1 bn loss Subscriber Only
Sony may post an operating loss of about $1.1 bn this financial year,its first loss in 14 years.
AgenciesJan 12, 2009
New auditors for Satyam in 48 hours Subscriber Only
The Government will soon appoint more directors on the board of Satyam Computer.
AgenciesJan 12, 2009
Satyam issue: Biz leaders to meet PM Subscriber Only
Industry leaders will meet PM Singh and are likely to discuss ways to take corrective measures after Satyam fraud.
AgenciesJan 12, 2009
Don’t ‘poach’ Satyam customers: Nasscom Subscriber Only
Nasscom asked IT companies to desist from weaning away clients of Satyam Computer.
ReutersJan 12, 2009
Infrastructure output slips to 2.2 pct Subscriber Only
Infrastructure sector output grew 2.2 pct in Nov from a year earlier,below 3.4 pct in Oct.
AgenciesJan 12, 2009
Car sales dip 6.9 pct,bikes down 22.9 pct Subscriber Only
Domestic passenger car sales declined by 6.9 per cent in December 2008 to 82,105 units.
AgenciesJan 12, 2009
‘Centre concerned about Satyam employees’ Subscriber Only
Union Minister of State in PMO,Prithiviraj Chavan,said the Centre is at present concerned about the future of 50,000 employees of disbanded Satyam Computers.
AgenciesJan 11, 2009
NYSE may resume trading in Satyam on Mon Subscriber Only
Trading in the securities of Indian IT company,Satyam Computer may resume on Monday,if the New York Stock Exchange finds its assessment of the company satisfactory but the exchange has warned that it may also suspend
AgenciesJan 11, 2009
Satyam effect: US-listed Indian stocks lose $2 bn Subscriber Only
Indian stocks listed on the American bourses suffered a loss of close to USD 2 billion in a week.
AgenciesJan 9, 2009
SEBI team goes to Raju’s house; house locked Subscriber Only
SEBI team probing a financial fraud in Satyam reached Raju's house,but returned as the premises was locked.
AgenciesJan 9, 2009
Don’t poach Satyam workers: Nasscom Subscriber Only
Expressing solidarity with Satyam,Nasscom has asked its recruitment team not to poach anybody from Satyam.
AgenciesJan 9, 2009
Satyam shares tank 85 pct at Rs 6.30 Subscriber Only
Shares of Satyam on Friday got battered even further and witnessed a level of Rs 6.30.
ReutersJan 9, 2009
Maytas Infra shares fall by max open limit Subscriber Only
Shares in Maytas Infra opened down 4.98 per cent,the maximum daily limit,at 150.80 rupees.
AgenciesJan 8, 2009
Sun Pharma replaces Satyam in Sensex Subscriber Only
BSE said it will replace Satyam Computers with Sun Pharma in Sensex with effect from Jan 12.
AgenciesJan 8, 2009
FIFA ‘closely monitoring’ sponsor Satyam Subscriber Only
World football body FIFA,one of the most coveted clients of Satyam said it was closely monitoring developments.
AgenciesJan 8, 2009
Maytas Infra Chairman R C Sinha resigns Subscriber Only
The Ramalinga Raju family promoted Maytas Infrastructure on Thursday said its chairman and non-executive director R C Sinha has tendered his resignation.
ReutersJan 8, 2009
India will act to prevent corporate fraud: Govt Subscriber Only
Govt has asked the registrar of cos in Hyderabad,where Satyam is based,to file a report.
feBureauJan 8, 2009
IT headhunters express shock Subscriber Only
TV Mohandas Pai,Director-HR,Infosys expressed deep shock at events unfolded at Satyam.
ReutersJan 8, 2009
Lenovo sees loss,to lay-off 2,500 jobs Subscriber Only
Lenovo announced a broad restructuring on Thursday,including a lay-off of 2,500 workers.
AgenciesJan 8, 2009
Truckers strike enters fourth day Subscriber Only
Nation-wide transporters strike entered 4th day with truckers and govt refusing to stand down.
AgenciesJan 7, 2009
Merrill Lynch snaps ties with Satyam Subscriber Only
Merrill Lynch has said that it has terminated its services with software services firm Satyam.
AgenciesJan 7, 2009
Mynampati replaces Raju as interim CEO Subscriber Only
The interim CEO said,Satyam Computer Services is committed to staff,clients and shareholders.
AgenciesJan 7, 2009
Satyam sheds 73 pct to decade’s low of Rs 48 Subscriber Only
Shares in Satyam reversed gains to fall more than 73 pct after chairman Ramalinga Raju resigned.
AgenciesJan 7, 2009
Time for hard look at corp governance: India Inc Subscriber Only
There are far too many 'self-congratulatory awards being given out in terms of corporate governance and disclosures,' FICCI President said.
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