INDIAN NEWSPAPER HIGHLIGHTS - JAN 1, 2009.

NEW DELHI, Jan 1 Asia Pulse - Highlights of today's newspapers:

ECONOMIC TIMES:

- The troubled $2-billion Satyam Computer Services may have more worries on the legal front in 2009. A Texas court will hold a hearing on the legal tussle between Upaid, a UK-based mobile services provider, and Satyam Computer Services on January 7.

The court, on that day, will decide on the issuance of summons to three top executives of Satyam for depositions. Earlier this month, Upaid had filed a motion in the Texas district court requesting depositions of Satyam' s founder and chairman B Ramalinga Raju, chief financial officer V Srinivas, and global head of corporate governance G Jayaraman, after the software company's aborted bid to buy two firms linked to its promoters.

- Bajaj brothers, Rahul and Shishir, on Wednesday withdrew their respective petitions from the Company Law Board (CLB), ending the five-year-old legal battle over division of family properties. The CLB disposed off the matter after counsels of the two parties made a joint request after an out of court settlement, an official in the board, who did not wish to be named, said.

The development comes a day after the Bajajs' ended their disputes by reaching into an agreement of share transfer between the two brothers over the control of Bajaj Hindusthan.

THE FINANCIAL EXPRESS: