Share markets continue to fall, Satyam scrip loses almost all valueJanuary 8th, 2009 MUMBAI - Indian equities markets continued their downward slide Friday morning, with a key index falling 0.34 percent over its previous close. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 0.34 percent or 32.37 points Friday and was trading at 9,544.51 points about 15 minutes into trade.
Markets tumble after Satyam shockerJanuary 6th, 2009 MUMBAI - Indian equities markets plunged in afternoon trade Wednesday after IT major Satyam Computer's co-founder and chairman B. Ramalinga Raju resigned after confessing to a Rs.40-billion ($823 million) fraud that had been going on for years.
Satyam scam pulls down markets by over 7 percentJanuary 6th, 2009 MUMBAI - Indian equities markets tumbled Wednesday after Satyam Computers chairman B. Ramalinga Raju admitted to having juggled with the firm's balance sheet to the tune of Rs.40 billion ($823 million).
Indian firm could get Satyam audit mandateJanuary 11th, 2009 CHENNAI - Perhaps for the first time in the Indian corporate history, an audit firm - and a foreign one at that - is being dumped midway by a company. The government-appointed new board for Satyam Computer Services has declared that the fraud-hit IT bellwether will have a new audit firm to restate the books of accounts.
Top 10 Green Cars March 24th, 2009 Global Warming has become a well known fact even among the ordinary people these days. Using a green car instead of the normal cars might be a solution to this problem.
IT firm expands operations with $4-mn green data centreFebruary 26th, 2009 BANGALORE - IT infrastructure solutions and services firm Frontier Business Systems has set up a $4-million (Rs.200 million/Rs.20 crore) green data centre here to expand its operations across the country, the company said Thursday. 'The data centre's green virtualisation solutions will enable enterprises to reduce cost while improving business service availability, agility and performance,' Frontier chief executive Ravi Verdes said in a statement.
New York Stock Exchange halts trading in Satyam stockJanuary 6th, 2009 HYDERABAD - The New York Stock Exchange Wednesday halted trading in the stock of beleaguered Satyam Computer Services prior to the opening of the market at 9.30 a.m. US eastern time, the NYSE said in a statement.
Markets plummet as investors panic after Satyam shockerJanuary 6th, 2009 MUMBAI - The Indian equities markets dropped sharply after Satyam chairman and co-founder B. Ramalinga Raju revealed that the company was involved in a fraud of about Rs.40 billion ($823 million) over several years.
Satyam scam isolated, not a slur on corporate India: Kamal NathJanuary 16th, 2009 MUMBAI - The Rs.70 billion ($1.4 billion) financial scam in Satyam Computer Services is an isolated case and does not tarnish the image of the Indian corporate sector in any way, Commerce Minister Kamal Nath said here Saturday. 'India Inc has established its credentials.
Markets fall as Satyam cloud refuses to blow overJanuary 8th, 2009 MUMBAI - Indian equities markets closed in the red as investors resorted to heavy selling amid negative sentiments following the Satyam scandal, with a key index closing 1.88 percent lower than its previous close Wednesday. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) shut shop 1.88 percent or 180.41 points down at 9,406.47 points after opening lower than Wednesday's close of 9,586.88 points.
Message From Famous VC John Doerr ( KPCB ) on Environment & Green TechnologyJune 3rd, 2007 John Doerr is a very famous Venture Capitalist whose firm KPCB is behind funding many important and influential companies in Silicon Valley like Sun or Oracle, Marimba, also couple of companies I worked for - Extensity & DoubleTwist. KPCB is the leading VC firm in the valley as far as I know.
Satyam megascam sends markets tumblingJanuary 9th, 2009 MUMBAI - Indian equities markets, which had rallied last week and the first two days of trading this week, took a beating since Wednesday after the Satyam fraud blew up, dampening investor confidence and pushing a key index to close Friday 5.54 percent lower over last week's close. The fall from grace of B.
C.P. Gurnani appointed chief executive of Indian outsourcer Mahindra SatyamJune 23rd, 2009 Indian outsourcer Mahindra Satyam gets new CEOMUMBAI, India — Mahindra Satyam, a rebranded Indian outsourcing company nearly brought down in a $1 billion fraud, said Tuesday that C.P. Gurnani, an executive from its new controlling shareholder, has been appointed chief executive.
Satyam scrip pounded once againJanuary 4th, 2009 MUMBAI - The pounding of Satyam Computers scrip continued Monday with the stock losing 6 percent in the day's trade amid concerns that the recent Maytas deal fiasco could hit the company's new business prospects. At closing bell, the scrip price had crashed Rs.10.65 or 6 percent to end the day's trade at Rs.166.90 with over 11 million shares changing hands.
Top 10 Green GadgetsMarch 28th, 2009 This is the time when all of us seriously need to think of a change in the way we define and use gadgets and other electronics accessories. Do you know how many islands are on the verge of being swept away by the Atlantic? Or the way global warming is increasing in a rapid pace.