Satyam's expanded board meets

The new-look board of Satyam Computer Services began its meeting here to discuss among other things options to raise funds to keep the business alive.

The board, whose size was doubled with the induction of three members on Thursday, is likely to elect a new Chairman to steer the company out of the financial mess that its founder Ramalinga Raju led it into. The government had appointed Tarun Das, T N Manoharan and S Balkrishna Mainak, on Satyam's board, which already has Deepak Parekh, Kiran Karnik and C Achuthan.

Discussions about the financial situation of the company in the backdrop of Ram Mynampati's SoS to the Corporate Affairs Ministry is expected to dominate the agenda, as also complaints from accounting regulator ICAI about the board's choice of auditor to restate Satyam's financials.