Relief for Satyam directors

New York, Jan. 3: A US court here has dismissed claims made in a class action lawsuit against seven former directors of Indian IT firm Satyam Computers saying the directors were themselves “victims of the fraud” and the shareholder suit fails to adequately prove allegations of fraud and negligence against them.

ONGC pay

New Delhi, Jan. 3: Oil and Natural Gas Corp (ONGC) today paid an interim dividend of Rs 2,961 crore to the government for this fiscal. This represents dividend payment at 100 per cent of the equity capital held by the government in ONGC.

IT spending

New Delhi, Jan. 3: Worldwide IT spending is projected to reach $3.73 trillion in 2013, a 4.2 per cent increase from $3.58 trillion in 2012, research firm Gartner today said.

Coal meet

New Delhi, Jan. 3: The meeting of the group of ministers headed by finance minister P. Chidambaram, which was to be held tomorrow to deliberate on the draft coal regulator bill, has been postponed again.

CCI move

New Delhi, Jan. 3: The Competition Commission of India (CCI) has modified the agreement between DLF group and apartment buyers in its two projects, wherein the realty major was found to have abused its dominant position.