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Saturday, February 7, 2009

The Economic Times Weekend Platter

The ET Weekend Platter offers the round up of the news that you missed during the week. We bring to you the most-read news, investment corner, stock wrap-up, issue that hogged headlines, editor's picks and the most happening trend stories from across sectors, for you to savour at your conveniance. Happy reading.
A S Murty appointed as Satyam's CEO

Satyam also got a Rs 600 cr breather from banks for working capital requirements. Gainers: BSE ( A, B ) | NSE | Losers: BSE ( A, B ) | NSE | 52 Week: High, Low


Infosys cuts US staff, non-performers under scanner

The co has put its low ranking workforce under scanner while trying to reduce bench employee numbers. �Bosses blocked I-T probe into Satyam FDs�


Tata group's top executives may get 15% salary cut

The extent of salary cuts will depend on how severely individual group companies are affected by the downturn. Pink slip blues


Story of the Week

Rising layoffs: 9,000 job vanishing every day
As financial turmoil continues to rattle world economies, layoffs so far this year have crossed the 2,77,000 -mark.

Stock Round up

Market to display strength next week; cross margining to boost liquidity
Investors may step into the forthcoming week with a tinge of optimism amid hopes that the interim budget will bring some cheer and relief to crisis-hit sectors.

ET Features

Political campaigns: Bharat Nirman vs India Shining
With a spend of Rs 200 crore, Bharat Nirman has probably eclipsed the India Shining campaign.

Truth, honesty best policy
When times are hard and you have nothing to lose, honesty is the only policy for company management says former starbucks president Howard Behar.

Personal Finance

Open-ended mutual funds offer better returns
Fund managers keep 15-20% of assets in cash & cash related instruments, say analysts.

Fund floated by IIM-Lucknow students beats meltdown
Credence Capital, a mutual fund set up by students of IIM-L for fellow students, has seen its corpus double in less than two years.

Corporate Trends

Mukesh Ambani is world's third richest CEO
Reliance Industries chief Mukesh Ambani emerged the third-richest CEO in the world, according to a list of 10 wealthiest CEOs compiled by Forbes magazine.

Recession bites India Inc's M&A spree
India Inc's overseas acquisition juggernaut has run into stormy recession winds and companies are struggling to keep their targets afloat.

Visual Treat
Sania Mirza and Mahesh Bhupathi hold the trophy during the awarding ceremony of the Australian Open Mixed Doubles in Melbourne. (AP)
Editor's Pick
Most Read Stories
Offbeat

'Osama Bin Laden' rejected for dream island job
A dream job looking after a tropical island in Australia has attracted over 11,000 applicants, including Osama bin Laden who failed to make the shortlist.

Letter to the editor

Floating FD rates?
Of late the government and RBI are too eager to announce a series of stimulus packages to beat the slowdown blues.

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