A Hyderabad court will take up Satyam case and hear the arguments of disgraced Satyam chief B Ramalinga Raju to provide him bail in connection with corporate audit fraud worth Rs 7,000-crore.

Raju along with his brother and CFO of company, Vadlamani Sriniva filed a petition in court to grant them bail as they are fully co-operating in the investigations.

Police is expected to counter the bail petition and ask for their judicial remand.

The court would also hear the petitions filed by Security and Exchange Board of India and Criminal Investigation Department on the same day.

Comverse, a supplier of software and systems enabling network-based billing and VAS, has made announcement that Bharti Airtel, India’s largest cellular provider, has deployed its SMS Router network in order to maximize network performance, handle speedily increasing SMS text messaging traffic and enable introduction of unmatched SMS-related services.

Bharti, which presently has over 80 million subscribers, said that Comverse SMS Router solution will help it to raise the effectiveness of their subsisting SMS infrastructure and improve service availability.

Budapest  - The German engineering firm Bosch announced on Thursday that it is cutting 250 jobs at its largest Hungarian plant due to falling orders.

"Since the end of last year, Bosch's largest Hungarian automotive plant has been faced with ever smaller orders from its partners as a result of the crisis in the automotive industry that began last year," Zsuzsanna Kukaj, spokeswoman for Bosch Hungary, told the local news agency MTI

The job cuts will take effect in February. The number of shifts at the plant will be cut from four to three, Kukaj added.

San Francisco - Shares of Apple opened sharply lower in US trading Thursday as investors worried that the company's performance would flounder without founder and CEO Steve Jobs at the helm.

Jobs announced he was taking medical leave until the end of June to deal with health problems that were more complex than he had earlier divulged. Investors were also concerned that Apple could face shareholder lawsuits alleging that Jobs' halting revelations about his health failed to meet the necessary standards of disclosure.

To cheer demand amid softening raw material costs, Apollo Tyres has decided to cut product prices by 3-5 percent across categories for the second time in two months.

In a declaration, the tyre manufacturer said that the price cut will come into effect immediately.

In December 2008, the company had slashed prices by 4 percent, passing on to clients a reduction in a manufacturing tax.

According to people familiar with the company’s plans, Software giant
Microsoft is mulling over major job cuts across its various sections.

But,
plans for job cuts have not yet been announced, and the company
(Microsoft) could end up discovering suitable methods in order to cover
up costs.

A Microsoft representative declined to comment on hearsays related to job cuts.

During
recent weeks, it had also been rumored that the figure of potential job
cuts is expected to be far less than the 15,000 positions.