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'Tightening worries are a bit overblown'
Vandana / Mumbai January 27, 2010, 2:06 IST

Emaar MGF to use over half of Rs 3,850-cr IPO to repay debt
Delhi-based real estate company Emaar MGF plans to utilise over half of the amount it will raise through its initial public offer to repay part of its debt.

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Sunil Jain: Connecting Bharat
The budget is big on rural India and allocations for the Bharat Nirman project, for instance, have been hiked 45 per cent over those allocated in Budget 2008-09 — within this, allocations for projects like the Pradhan Mantri Gram Sadak Yojana have been hiked 59 per cent. While that’s all very well, it would be a good idea to see what’s happening on the government’s plans for connecting rural India, not by roads but by telephones. As compared to urban areas where around 90 per cent of people have phones, tele-density is just around 15 per cent for rural India.
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CBI files memo in Satyam case

The Central Bureau of Investigation (CBI) has filed a memo in a local court seeking its permission to hear the charges against the accused in the multi-crore accounting fraud case in Satyam Computer, on the basis of material it provided in the first charge sheet. - RBI says banks didn"t follow rules - Kargil scam: CBI files fresh status report in SC - CBI team back from Mauritius - This number does not exist - CBI likely to seek govt nod for Sibal probe - Satyam scam: CBI team back from Mauritius, 2nd chargesheet soon The filing of the memo was necessitated following Andhra Pradesh High Court"s direction to the investigating agency to hasten the process and start trial in the case, the CBI prosecutor said. "We filed the memo in the XIV Additional Chief Metropolitan Magistrate Court yesterday to seek its permission to hear the charges against Satyam accused," CBI Deputy Legal Advisor B Ravindranath told PTI today. The court posted the matter to November 18. Eight persons including the prime accused and former chairman of Satyam Computer B Ramalinga Raju are in judicial remand till November 18. While seven accused including Satyam"s former MD Rama Raju and ex-CFO V Srinivas, two former auditors of Price Waterhouse S Gopalkrishnan and T Srinivas are lodged in Chanchalguda prison here, Ramalinga Raju is undergoing treatment for his heart-related ailment and hepatitis "C" in Nizam"s Institute of Medical Sciences (NIMS).


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