Satyam plunges 18% after World Bank ban

Reports DNA "Satyam Computer Services on Wednesday plunged over 18 per cent on the bourses after the World Bank declared the domestic IT major as "ineligible" for eight years to receive direct contracts.

Satyam opened at Rs 130, and plunged further to its 52-week low of Rs 114.65, down 18.34 per cent on the Bombay Stock Exchange." Read the full story at the link above

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