More members appointed to Satyam's board
The government on Thursday appointed three more professionals on Satyam's board, even as member Deepak Parekh said the IT firm can raise funds by mortgaging assets - dispensing with the need for central assistance. Apex industry association CII's chief mentor Tarun Das, noted chartered accountant and a past president of ICAI T N Manoharan and S Balkrishna Mainak of LIC, a major investor in Satyam, would join Parekh, Kiran Karnik and C Achuthan at the board.
