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CBI Arrests Satyam Audit Head for Fabricating Books of Accounts
Region: IndiaV.S. Prabhakar Gupta, Senior Vice-President cum Global Head of Audit cell of Mahindra Satyam (erstwhile Satyam Computers) was today (21st Nov’09) arrested by Central Bureau of Investigation on charges of fabricating ... more
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Tech Mahindra Wins Bid For Satyam Computers
Region: IndiaMonday 13th April2009 Tech Mahindra emerges the Highest bidder for Satyam Computers. Tech mahindra bid for satyam at 58rs/share.L&T bid for satyam at 49.50rs/per share.The share price of satyam is trading at 50.10 and the... more
Views: 287 Rating:
Front Page: India: 14th January 2009
Region: IndiaThe important news in front page for today is: - Terror:Haji Akhtar Hussain, a ‘Naik’ (a military rank in the NCO cadre in Indian Army) in the Indian Army working as army driver, who retired in 1992, was... more
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New Board Members for Satyam Rescue Job
Region: India
After the big Satyam 7000 crore scam, it was time for the Government to act and they did. The government on Sunday appointed three men it believes could rescue Satyam. The three new board members are Deepak Parekh, Kiran... more
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Raju Brothers Arrested in Satyam Fraud
Region: India
Former Satyam chairman Ramalinga Raju has been arrested on the account of Satyam fraud. His brother, former Satyam Managing Director Ram Raju has also surrendered and arrested before the Andhra Pradesh Director General of ... more
Views: 722 Rating:
Inflation Falls to 5.91%; Markets still in red
Region: IndiaInflation for the week ended December 27 stood at 5.91% as against 6.38% in previous week. But still, despite the positive news inflow, the markets are trading in red down about 3% as of now. The satyam scam and lack of bu... more
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Experts speak on Satyam Disaster
Region: IndiaAs we all know about the Satyam Fraud, here is what experts have to say on the hot topic of the day. Shankar Sharma of First Global predicts the stock price going to zero levels, "probably by the next trading session... more
Views: 929 Rating:
Satyam fraud speads panic
Region: India
The Chairman of Satyam Computer's- Ramalinga Raju has resigned today following an announcement of a fraud in the balance sheet. In his resignation letter, the chairman Raju admitted that the IT major's balance sheet has in... more
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Satyam Computers banned from work with World Bank
Region: United States
Satyam Computer Services has been banned from doing any off-shore work with the World Bank after the Bank's forensic experts discovered that spy software was installed on workstations inside the bank's Washington headquart... more
Views: 1522 Rating:
IT Sector booming back in the First Quarter results
Region: India
Information Technology gaint Wipro announced the first Quarter results for the year 2008-09 on Friday. Net Profit of 908 Crore rupees was announced out of the total of 43 percent growth of Income of Rs. 5967 Crores. Anothe... more
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