Satyam Computer Services former Chairman B. Ramalinga Raju can face up to 10 years imprisonment together with a fine, which may expand to Rs 25 crore, in the financial scam, which led to erosion of investors wealth by socking Rs 10,000 crore in one day.

Stock market controller SEBI has already asked for a full-fledged enquiry into the matter in order to find out if Raju has breached the different rules relating to dealings in stock market.

New Delhi - Employees of India's software major Satyam, that has been rocked by a 1.45-billion-dollar accounting fraud, were uncertain about their future as business leaders worried about the scam's impact on corporate India, media reports said Thursday.

Satyam chairman B Ramalinga Raju quit Wednesday after admitting that the company, India's fourth-biggest software firm, had been manipulating its accounts over years by inflating cash and bank balances.

Beijing - Chinese-owned computer maker Lenovo on Thursday said it plans to lose about 2,500 staff, or 10 per cent of its global workforce, in the next three months.

The redundancies are a key part of a restructuring package designed to save Lenovo some 300 million dollars in its next financial year, which begins on April 1, the company said in a statement.

Lenovo, owned by China's Legend group, said it expects to announce a loss for the three months to December 31 last year, following a sharp drop in net profit for the previous quarter.

India-based Sun Pharmaceutical Industries Ltd has made announcement that the company along with its arm, has got first U.S. Food and Drug Administration sanction to market the generic version of a controlled substance in tablet form.

According to sources, the company is allowed to sell generic hydrocodone bitartate with acetaminophen in multiple strengths, which has a U.S. market size of $540 million for branded and generic versions.

HTC, a leading Tiwan based mobile company has announced the introduction of its HTC Touch HD handset, which is basically an internet and entertainment focused mobile.

This newly launched sleek looking gizmo comes packed with 5 mega pixel camera that not only offers unparalleled video viewing experience but also has an auto focus capability.

The handset also features 3.5mm headphone jack for audio-out. Through this jack users can connect the mobile to any headset of their choice or other audio equipment.

BSEL Infrastructure Realty Ltd has sold its stakes in BW Highway Star Hotel project at Balewadi, Pune. The firm had 17 percent stake in BW project and it has informed the Bombay Stock Exchange about sell out.

1,058,824 shares of face value Rs 10 each has been sold to Kamat Hotels (India) for Rs 79,411,800 while remaining 941,176 shares to Unity Realty and Developers
(subsidiary of Unity Infraprojects) for Rs 70,588,200.

Experts believe that ongoing global financial crisis is a major cause that prompted BSEL Infrastructure Realty Ltd to get out of the project.