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Revamped, launched...

Work and processes by PricewaterhouseCoopers (PwC), the external auditor of Satyam Computer Services, by setting up a new advisory board and appointing a new quality assurance and risk management head.

Revamped: Work and processes by PricewaterhouseCoopers (PwC), the external auditor of Satyam Computer Services, by setting up a new advisory board and appointing a new quality assurance and risk management head.

Announced: Merger of US pharma giant Merck and Schering-Plough in a stock-and-cash transaction valued at $41.1 billion. The combined company will bear the name Merck after the transaction is completed.

Dropped: India Inc.’s external commercial borrowings to $1.3 billion in January 2009 compared to $1.66 billion in December 2008 and $1.7 billion in November. Of the total overseas borrowings, $764 million was raised through automatic approval route.

Launched:
By Turner International and Warner Bros Entertainment, Hollywood’s leading studio, WB, a new Warnerbranded channel in India that will showcase motion pictures and television series. It is available in India from March 15, 2009.

Topped: Apple Inc., the maker of iPhone, Fortune magazine’s list of “Most Admired Companies” in the world. Warren Buffettled Berkshire Hathaway and Japanese automaker Toyota are ranked second and third, respectively.