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Wednesday, January 14, 2009

Govt plans Rs 2000 Cr bailout package for Satyam

A Rs 2,000 crore package is under consideration to ensure that Satyam employees get their salary on time after it the new board said that they are looking for funds.

The sources said that the government is looking at giving three instalments of Rs 500 crore to Satyam for the next three months and is planning another infusion of about Rs 400 crore.

Prime Minister Manmohan Singh met senior Cabinet ministers and officials at his residence to discuss the over Rs 7,000 Satyam scandal where the bailout package was finalised.
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GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 09
07:30 RBNZ Interest Rate Decision 3 3.50% 3.50% 3.75%
15:00 FPC Meeting Minutes 1
15:00 FPC Statement 1
16:30 MBA Mortgage Applications 1 20.0% -1.6%
17:30 BoE Quarterly Bulletin 1
19:30 Wholesale Inventories 1 0.3% 0.3%
20:00 EIA Crude Oil Stocks Change 1 2.200M 6.165M
22:00 Fed's Barkin speech 2
22:30 10-Year Note Auction 1 4.31%
23:30 FOMC Minutes 3
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