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SFIO to visit Satyam office
A Serious Fraud Investigation Office (SFIO) team will visit Hyderabad soon to enquire into the siphoning of funds by promoters of the IT company Satyam. http://smallpersonalloans.org.uk

Sugar prices in U'khand touch all-time high
Prices of sugar in Uttarakhand have reached an all-time high of Rs 42-44 per kg in the retail market, thanks largely to sugarcane shortfall.

News of the day

Computerised CAT to cost less than Rs 2,000
In what should come as a huge respite for Common Admission Test (CAT) candidates, the Indian Institutes of Management (IIMs) have hinted that the registration fee for the computer-based test this academic year will not be as high as similar tests like GMAT (Graduate Management Aptitude Test, for admission to business schools overseas).
Management

US markets end mixed; Mahindra Satyam surges

US markets were mixed on Wednesday. The Dow slipped 19 points to 10.452 on weak energy shares. The Nasdaq, however, added nine points to 2,185. - Markets in consolidation mode - US markets ended on a positive note; Dow Jones up 1% - No need for imports - Markets spurt on positive global cues; auto, pharma, metals lead - Dubai World in talks to recast $26 billion debt - A K Bhattacharya: Sweet and bitter memories of a decade">A K Bhattacharya: Sweet and bitter memories of a decade Indian ADRs were mixed. Mahindra Satyam jumped over 8% to $4.8. HDFC Bank was up 1.6% to $138.9. Meanwhile, MTNL and Dr Reddy"s slipped 2% each to $3.28 and $24.52, respectively. Tata Motors was down 1% at $15.68.


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