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Weekly Recap: 15th-19th December

Weekly Recap: 15th-19th December
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First Published: Fri, Dec 19 2008. 09 32 AM IST

Updated: Mon, Jan 19 2009. 02 42 PM IST
In the midst of a rather uncertain environment, corporates have not had it easy. Satyam is a case in point. The management of Satyam made the announcement of the acquisition of Mytas companies on Tuesday. By Wednesday morning, it was
apparent that the deal was not going to see the light of day.
The setting up of the National Investigation Agency is being projected by the government as a step in the right direction to combat terror. But experts on security continue to be skeptical about the move.
On the economic front, inflation for the week ending December 6… fell to a nine-month low. Corporate India is now pushing for yet another rate cut, while the government has announced an additional $9 billion growth stimulus package.
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First Published: Fri, Dec 19 2008. 09 32 AM IST