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BUSINESS
‘Satyam is India’s Enron’
The similarity between the two scams is significant

Riding a tiger without knowing to get off: Raju


Sensex tumbles 750 points
MUMBAI: The Bombay Stock Exchange sensitive index (Sensex) suffered most in the new year on Wednesday by losing 749 points on panic selling by funds after Satyam Computer said its profit had been inflated for years and rising concerns of dim ...

SEBI shocked by Satyam revelations
MUMBAI: Terming disclosures of financial wrong-doings at Satyam Computer Services as an event of “horrifying magnitude,” market regulator Securities and Exchange Board of India (SEBI) on Wednesday said that it would take all steps ...

Employee confidence critical for survival
BANGALORE: Commenting on the Satyam Computer Services crisis, Manish Sabharwal, Chairman of TeamLease Services, a staffing company, said the Satyam’s interim CEO needs to “take swift and deep action” so that the combination ...

New CEO gives pep talk to staff
HYDERABAD: “Let us fight this battle together. I am confident that we will emerge stronger, together” Ram Mynampati, interim CEO of Satyam Computers told his fellow employees in a letter he wrote after the swift developments on ...

ICAI for severe punishment
NEW DELHI: The Institute of Chartered Accountants of India (ICAI) on Wednesday declared that any member found guilty in the financial wrongdoings by Satyam Computer Services would be punished severely and the errant auditors could even be ...

Uncertainty looms large over SCSL’s future
Widespread talk of takeover is continuously doing the rounds

Other Stories



Barometer


Briefly
Virgin Mobile partners MySpace
CHENNAI: Virgin Mobile has announced a partnership with MySpace for making the latter’s social networking services available on Virgin Mobile WAP-enabled phones. This will encourage Virgin Mobile’s youth customers by providing them ...

Emirates offers new fares
NEW DELHI: International carrier Emirates on Wednesday announced a revision in fares to various destinations across its global network. These fares will be applicable to destinations such as Dubai, London and New York from India with return ...

Canara Bank raises Rs. 325 crore
BANGALORE: Canara Bank has raised Rs. 325 crore through lower Tier-II bonds of ten years maturity at a coupon rate of 8.08 per cent, payable annually. The bonds are rated ‘AAA’ by ICRA and Crisil, the bank said. — Special ...

3i Infotech services for rural customers
MUMBAI: 3i Infotech has announced an alliance with ICICI Lombard, Airtel and Max New York Life to offer a range of services to rural consumers under the I-Serv brand. According to a release, consumers, especially in remote rural areas, will ...

Alphageo (India) bags Hindustan Oil contract
HYDERABAD: Alphageo (India), an onshore integrated seismic service provider in the private sector, has bagged a contract from Hindustan Oil Exploration for acquiring seismic data in Assam, according to a company release. The contract is valued ...

Anand Kumar Gupta joins Dhanalakshmi Bank
CHENNAI: Anand Kumar Gupta has joined Dhanalakshmi Bank as Head of Alternate Channels. He will be in charge of ATM deployment and Internet and mobile banking businesses of the bank. Prior to joining Dhanalakshmi Bank, he was Chief Manager at ...

New regional VP for ON Semiconductor
CHENNAI: Nasdaq-listed ON Semiconductor, a global supplier of high performance, energy-efficient, silicon solutions, has named M. K. Mak as regional vice-president of sales for Korea and South Asia. In his new role, he will focus on building ...




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