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INDIAN BUSINESS NEWS

Maytas Infra falls 5%, stuck in lower circuit
Shares of Maytas Infra, another firm promoted by the Ramalinga Raju family, on Friday fell nearly 5% and got stuck in its lower circuit on the bourses, after reports surfaced that the firm has also misrepresented its financials.

Satyam shares tank 85% at Rs 6.30 on NSE in early trade
Shares of Satyam Computers on Friday got battered even further in opening trade and witnessed a level of Rs 6.30, a dip of as much as 85% from its last close on the National Stock Exchange.

L&T not to buy, sell Satyam shares: Chairman
Engineering and construction firm Larsen & Toubro Ltd has no intention of either buying more shares or selling its stake in software services firm Satyam Computer Services Ltd, L&T's chairman said on Friday.

Mkts open lower; Satyam downfall continues
Bombay Stock Exchange's Sensex was at 9434.85, down 152.03 points and National Stock Exchange's Nifty was at 2857.10, down 63.30 points.

Rupee falls 42 paise against dollar in opening trade
At the Interbank Foreign Exchange (Forex) market, the domestic currency traded lower at 49.22 against the US currency, a fall of 42 paise over the previous close of 48.80/81 a dollar on Wednesday.

Pressure on Andhra govt to arrest Satyam's Raju
Sources say that police may file a suo motu case and is likely to arrest Satyam's disgraced former chief Ramalinga Raju today.

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