Govt appoints 3 more directors for Satyam board

The Indian government on Thursday nominated three more directors to the new board of embattled Satyam Computer Services Limited. Corporate Affairs Minister Prem Chand Gupta said that the Government has appointed three person of eminence considering the various needs the company. Shares of Satyam tumbled as much as 30 percent on Thursday after one of its newly appointed directors dashed investor hopes for any government bailout.