Now, Prime Minister steps in to salvage Satyam

Salvaging Satyam seems to be the top priority for the government too. This became evident when Prime Minster Manmohan Singh met the SEBI chief on the issue.

Earlier, Satyam's three-member board constituted by the government met for the first time in Hyderabad on Monday to discuss ways to get the IT company
back on track.

Eminent banker Deepak Parekh, IT expert Kiran Karnik and former SEBI member C Achuthan arrived at the Infocity campus of Satyam for the meeting, in which the Chairman of the board is expected to be elected.

The Board members are likely to meet the press in the evening.

Satyam employees get back to work

After the government disbanded the board of Satyam following the Rs 7,000-crore fraud by its CEO Ramalinga Raju and forming a new one, things are getting to normal at the company.

Employees were seen getting back to work at its Hyderabad office after the recent days of turmoil. And they haven't lost the faith in the company.

"I am confident of the company. That's why I haven't applied for any other job," said an employee who has been associated with the company since 2007.

However, there are huge challenges in restoring the confidence of the people in the company and ensuring there is liquidity working.

Satyam has been in the eye of the storm for the last few days after the government action.[ndtv]