NEW YORK - Software giant Microsoft announced Thursday plans to slash up to 5,000 jobs as the company faces the effects of the world economic crisis. It would be the first job reductions ever in the company's history.

KOLKATA - Too many agencies simultaneously probing the Satyam Computer Services scam might not be the best way to bring out the truth, Bombay Stock Exchange (BSE) chairman Jagdish Capoor said here Thursday.

HYDERABAD - Maytas Infra Limited, promoted by the family of disgraced Satyam Computer Services founder B. Ramalinga Raju, Thursday sought extension of time to announce the financial results for Oct-Dec 2008 quarter as its account books are being inspected by Registrar of Companies and the Serious Fraud Investigation Office.

HYDERABAD - Disgraced Satyam Computer Services founder B. Ramalinga Raju and former chief financial officer Vadlamani Srinivas will remain in police custody till Friday evening, a court ruled Thursday, as prosecutors said Raju had diverted Rs.74 billion (Rs.7,400 crore/$1.48 billion) from his company for personal wealth.

HYDERABAD - Disgraced Satyam Computer Services founder B. Ramalinga Raju and former chief financial officer Vadlamani Srinivas will remain police custody till Friday evening, a court ruled Thursday, as prosecutors said Raju had diverted Rs.74 billion (Rs.7,400 crore/$1.48 billion) from his company for personal wealth.