Maytas board approves corporate debt restructuring package

HYDERABAD - The board of cash-strapped Maytas Infra, promoted by disgraced founder of Satyam Computer Services B. Ramalinga Raju and his family, Wednesday approved a draft corporate debt restructuring (CDR) package and recast the management by appointing two presidents.

GSPC, Schlumberger in strategic technical alliance

AHMEDABAD - Gujarat State Petroleum Corporation (GSPC) and global oilfield and information service provider Schlumberger Tuesday announced a long-term strategic alliance.

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