Business

Satyam promoted Maytas has emerged as the lowest bidder for the Bhutan hydropower project.

Dutch consumer electronics giant Philips said it would cut 6,000 jobs worldwide.

An influential Republican Senator has asked Microsoft to fire foreign workers hired on visas first.

Money raised through rights issues has climbed up marginally,SEBI has said.

Citigroup has sold Govt guaranteed bonds worth $12 bn,which will help the entity to boost its balance sheet.

The Government said that Satyam does not need its support to pay salaries to the company's employees.

Home Minister P Chidambaram called for more stimulus packages to ensure that aggregate demand remains high.

State Bank of India has posted Rs 2,478-crore net profit for the quarter ended December 31,2008 on standalone basis,compared with Rs 1,808.64-crore in the year-ago period.

L&T said that it would partner Atomic Energy of Canada for the marketing and manufacture of 1,000 mw nuclear reactors.

NetApp tops the list of the 100 best companies to work for,most of which have open positions and are hiring.

Bharti Airtel which has PwC as internal auditor said it would wait and watch the Satyam developments before taking any decision on parting ways.

Private sector lender Kotak Mahindra Bank on Thursday reported a 64 per cent decline in its profit after tax (PAT) at Rs 130.90 crore.

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

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

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

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

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

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

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

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

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

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

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

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

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