The board of Satyam on Thursday appointed A S Murty as the new CEO and said the company has received bank sanction for Rs 600 crore to meet working capital needs.
As it happens
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Satyam board to discuss 6-7 proposals for buyout, funding
SC allows Sebi to interrogate Rajus
Satyam wins 15 new contracts in Jan; just one terminated
Satyamites seek 'Visa God' blessings
Satyam staff have inflated phone bills too
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Other Stories
SEBI may relax takeover rules for SatyamSEBI will consider a proposal from Satyam's government-appointed board to set the open offer price over a shorter period, probably two weeks, instead of the usual six-month average.
Sebi moves HC for access to RajusSebi moved the Andhra Pradesh High Court with the plea to be permitted to interrogate Satyam scam accused B Ramalinga Raju and his brother Rama Raju.
Hyderabad court dismisses bail pleas of Rajus, SrinivasHyderabad court dismissed bail applications of Satyam's ex-CEO Raju, brother Rama Raju and former CFO Vadlamani Srinivas. The three are in judicial custody till Jan 31.
Open to CBI probe into Satyam, Reddy tells PMAndhra CM Y S Reddy has written a letter to PM Manmohan Singh stating "that our government would welcome handing over the case to CBI, if deemed appropriate."
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