India’s fourth largest software export company, Satyam Computer Services suffered yet another blow with resignation of three more independent directors on its Board in the midst of rumor that the company’s founder chairman Ramalinga Raju may quit over Maytas deal disaster.
The company’s independent directors, M Rammohan Rao, who is Dean of Indian School of Business, Vinod Dham, a US-based technocrat widely regarded as “Father of Pentium” and Krishna G Palepu, professor of business administration at Harvard Business School, resigned from the nine-member Board.
For the fourth successive year, Trident Hotels garnered the 'Best First Class Hotel Brand' at the Galileo Express TravelWorld Awards 2008.
It will come as a relief to those, who have to travel regularly by air and were frustrated by paying high fares time and time again, since it was announced by Kingfisher Airlines chairman Vijay Mallya that his airlines would cut fares by 1st January. Though he did not quantify the cut, sources confirm that it would be between 10% and 15%. So overall, the fares could further drop between Rs 500 and Rs 1,000. There had been reduction of fuel surcharge by Rs 400 during the last month. 
On Saturday, the website of State Bank of India (SBI), was shut down due to an attempted attack by the hackers. 
After witnessing several rounds of delays, the government has finally agreed to the bids for the Tilaiya ultra mega power project, which would be held today at Jharkhand. It should be noted here that earlier the dates for the bids for the fourth ultra mega power project has been pushed back at least five times through 2008. 
Power transmission equipment manufacturer KEC International has received an order worth Rs 636 crore from Egyptian Electricity Transmission Company.
