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Raju pressured Satyam board
Satyam Computer Services founder B Ramalinga Raju had made trips to the Indian School of Business (ISB) in Hyderabad, to Visakhapatnam and even the US, to convince the independent directors on the his board for acquisition of Maytas Infra and Maytas Properties, the two companies promoted by his family members.

SC restores powers to Prasar Bharati CEO
In a relief to Prasar Bharati CEO B S Lalli, the Supreme Court today restored to him the executive powers taken away by a recent order of the Delhi High Court.

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MP to push demand for GST postponement
The Madhya Pradesh government will tomorrow press for its demand to postpone proposed goods and service tax from April next year, as it has estimated that losses to all the states will be in tune with Rs 80000 crore before the committee on GST in New Delhi. “The Centre is putting important issues like health and education at stake if implementing GST, as revenues losses to the states would be much higher than calculated,” AP Shrivastava, principal secretary commercial tax department said, “The proposed GST is not different from VAT however the Centre has wrongly calculated tax-base and revenue losses at Rs 21.66 lakh crore (as per Tax Research Unit of Department of Revenue Government of India) and Rs 35,000 crore.” The state finance minister will demand that this is not an opportune time to implement GST and the Centre should give some time for VAT to settle down.
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CBI files memo in Satyam case

The Central Bureau of Investigation (CBI), which is investigating into the Satyam case, has filed a memo in Nampally court today for hearing the charges against nine accused in the case. - Satyam gets refund notices from 37 firms - Andhra seeks CBI probe into Obulapuram Mining - Auction those mines - Tata Steel to start work at Orissa plant in December - Govt asks SFIO to commence prosecution proceedings - SEC shares info with CBI on scam probe All the accused, except Satyam founder chairman B Ramalinga Raju, who is being treated at the NIMS Hospital since September first week, were produced before 14th additional chief metropolitan magistrate. The accused filed a petition for adjournment on the grounds that they will defend the charges filed against them after the CBI filed the supplementary chargesheet. The court adjourned the proceedings to November 26. The CBI has time till November 30 to file the supplementary chargesheet. In another hearing, related to the petition filed by Satyam"s former managing director and Raju"s brother B Rama Raju and former chief financial officer Vadlamani Srinivas requesting the court to allow them access to laptops, the CBI argued that allowing the accused laptops now would defeat the investigation purpose. Meanwhile, the Price Waterhouse auditor Srinivas Talluri, one of the accused in the case, filed a special leave petition in the Supreme Court challenging the Andhra Pradesh High Court"s order to dismiss his bail petition.


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