NDTV News en-us http://www.ndtv.com © Copyright 2006, New Delhi Television Ltd. Wed, 07 Jan 2009 16:14:32 GMT Business News NDTV Newshttp://www.ndtv.com/images/ndtv.gifhttp://www.ndtv.com Satyam chief Raju resigns, admits Rs 7,000 cr fraud Wed, 07 Jan 2009 16:14:32 GMT Satyam chief Raju resigns, admits Rs 7,000 cr fraudChairman of Satyam Computer Ramalinga Raju has resigned from the company's board. In a shocking disclosure, he has revealed some financial irregularities in the company, including an inflated cash balance of Rs 5,040 crore. 


]]> http://www.ndtv.com/convergence/ndtv/processarchive.aspx?id=BUSEN20090079100 Satyam, Raju, resign Oil hovers above $48 as Gaza clash mulled Wed, 07 Jan 2009 16:14:32 GMT Oil hovers above $48 as Gaza clash mulledOil prices were steady above $48 a barrel on Wednesday in Asia as investors juggled tensions in the Middle East and more bad US economic news suggesting slowing crude demand. 


]]> http://www.ndtv.com/convergence/ndtv/processarchive.aspx?id=BUSEN20090079105 Oil, markets, gulf 55,000 oil PSU officers go on strike Wed, 07 Jan 2009 16:14:32 GMT 55,000 oil PSU officers go on strikeDefying High Court orders, oil PSU executives on Wednesday began their indefinite strike for higher wages, affecting gas supplies on the main trunk pipeline but aviation services were normal. 


]]> http://www.ndtv.com/convergence/ndtv/processarchive.aspx?id=BUSEN20090079095 oil PSU, strike, gulf Sensex nosedives, Satyam tanks 80% Wed, 07 Jan 2009 16:14:32 GMT Sensex nosedives, Satyam tanks 80%The benchmark index has tanked in the noon deals following revelations by Satyam of financial irregularities. IT and realty stocks have plunged after the shocking disclosures from Satyam's chief Ramalinga Raju, who has also quit. 


]]> http://www.ndtv.com/convergence/ndtv/processarchive.aspx?id=BUSEN20090079088 sensex,markets,trading Financial crisis takes human toll Wed, 07 Jan 2009 16:14:32 GMT Financial crisis takes human tollHis spirit broken by financial fears, German billionaire Adolf Merckle took his own life this week becoming the latest high-profile casualty of a global economic crisis that already has claimed the lives of executives in Europe and the U.S.erckle, a respected businessmen with a wife and four children, jumped in front of a train in the town of Blaubeuren in southwestern Germany, officials said Tuesday 


]]> http://www.ndtv.com/convergence/ndtv/processarchive.aspx?id=BUSEN20090079078 PSU, oil cos Aluminum producer Alcoa to cut 13,500 jobs Wed, 07 Jan 2009 16:14:32 GMT Aluminum producer Alcoa to cut 13,500 jobsAlcoa, the world's third-largest aluminum maker, said Tuesday it will cut 13,500 jobs, or 13 per cent of its work force, and slash spending and output to cope with the global economic slowdown. 


]]> http://www.ndtv.com/convergence/ndtv/processarchive.aspx?id=BUSEN20090079090 Alcoa, jobs, gulf