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.