Satyam's board dismissed, government nominated board to step in after a week
Satyam's board will be replaced by a government nominated board. This board will decide the future of the company.

The government acted in time to stop tomorrow’s board meeting of Satyam Computer Services. Otherwise, a 3-member board would have met tomorrow, to consider the resignations of its chairman and managing director and discuss options before the company. This is the same board, down from its original strength of nine, which has presided over the worst corporate scam in the new millennium in India. Any decision of this board would have been viewed with suspicion.
 

India's top companies under Sebi's scrutiny
Sebi has decided to subject India's top companies to a peer review of their financials. The peer review may uncover a lot but what happens afterwards is the question

Being part of the BSE Sensex and the NSE Nifty is a privilege for a company, a sign that you have arrived. Apart from the snob value, it gives a relative boost to a company's market capitalisation.
 

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