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Union corporate affairs ministry, has begun prosecution proceedings against the alleged perpetrators of the country's largest accounting fraud that took place in Satyam [ Get Quote ] Computers last year. The agency filed a case against Satyam founder...
Tags: East Delhi, Mumbai International Airport Ltd, Satyam, India, New Delhi, Mumbai, Delhi, Chhatrapati Shivaji International Airport, Bangalore, Byrraju Ramalinga Raju, Department of Police Delhi, Human Interest, Mahindra Satyam, Neighbourhoods of Delhi, Maytas, Telugu people, Central Industrial Security Force, Indigo Airlines, Law Crime, Yamuna Vihar, Gurgaon, Ram Mynampati, Accounting scandals, Social Issues, Business Finance, Central Bureau of Investigation, IndiGo, Corporate crime, Hosni Mubarak, Airports Authority of India, Transport in Mumbai
The government could soon clip the wings of independent directors. The ministry of corporate affairs is looking at limiting the number of company boards on which an independent director could be appointed to six from the present 15. This is to ensure...
Tags: independent directors, Satyam, India, New Delhi, Corporate governance, Clause 49, Corporate crime, Economy of India, Board of directors, Management, Business Finance, Byrraju Ramalinga Raju, Corporations law
I think the best that can be done for the stakeholders is being done by them (Mahindra Satyam). Whatever assistance they have asked, we have given," corporate affairs minister Salman Khurshid said when asked whether the move has impacted stakeholders.
Tags: CLB, Salman Khurshid, corporate affairs, affairs minister, minister salman, cost accountants, India, New Delhi, Company Law Board, Certified Management Accountant, Deshmukh, Institute of Cost and Works Accountants of India, Indian feudalism, Institute of Cost and Management Accountants of Pakistan, Mahindra Satyam, Satyam, Indian law, British professional bodies, Education in India, Professional Accountant, Software companies of India, Law Crime
Voter apathy marked the polling in the Hyderabad civic polls Monday, the first test of strength for the political parties after the April-May elections to the state assembly and the Lok Sabha...Rajasekhara Reddy in a helicopter crash. Enthusiasm was...
Tags: Congress, Mr. Rosaiah, Mr. Naidu, TDP, Let Naidu, public transport, Satyam, India, Hyderabad, Law enforcement in India, Central Bureau of Investigation, Chargesheet, Satyam scandal, Maytas, Corporate crime, Byrraju Ramalinga Raju, Telugu people, Law Crime, Telangana, Telugu Desam Party, Asaduddin Owaisi, Indian National Congress, Lok Satta, Politics of Andhra Pradesh, Y. S. Rajasekhara Reddy, Politics, Jawaharlal Nehru National Urban Renewal Mission, Delhi, Municipalities of India, Konijeti Rosaiah, N. Chandrababu Naidu
The money for these purchases, says Nag, Raju arranged by selling his shares in Satyam...Shorn of the fanciful results, the Satyam stock price would have been smaller...When Satyam went for an initial public offer, Raju let his stake fall to 18.8 per...
Tags: Satyam, real estate, India, Mumbai, Software companies of India, Byrraju Ramalinga Raju, Satyam scandal, Business Finance, Maytas, Corporate crime, Rajus
In his confession letter on January 7, Raju had claimed that he had to borrow Rs 1,230 crore to infuse into the company for keeping it afloat. According to him, he had borrowed these funds from 37 companies and the funds thus infused remained an understated...
Tags: Satyam, Raju, India, Mumbai, Tech Mahindra, Telugu people, Mahindra Satyam, Satyam scandal, Business Finance, Maytas, Software companies of India, Corporate crime
The sale was for a consideration of Rs 306.54 crore, at a share price of Rs 112.52. The remaining stake held by L&T is currently worth over Rs 600 crore. Shares of Satyam plunged 6.6 per cent to Rs 109.70, while L&T settled 0.17 per cent up at Rs 1,643.55...
Tags: Satyam, India, New Delhi, Tech Mahindra, Byrraju Ramalinga Raju, PricewaterhouseCoopers, Maytas, Satyam scandal, Software companies of India, Corporate crime, Mahindra Satyam, Business Finance, Central Bureau of Investigation, Accounting scandals, Law Crime
Wednesday agreed to withdraw the show cause notice it issued last month to the New Delhi arm of audit firm Price Waterhouse (PW) asking it to clarify its alleged role in the Satyam scam, the audit firm said here in a statement after the Delhi High Court...
Tags: Satyam, audited firm
Tech Mahindra gained control of 51 percent of Satyam in April. Ross' company Invesco Private Capital recently bought 1.8 million American depositary receipts, which are the equivalent to two Indian shares in Satyam...It's a risk, because Satyam's accounts...
Tags: Satyam, Equitable Gas
We also need to think about paying the capital gains tax if we sell the shares within one year," Naik said. L&T had requested to the Securities and Exchange Board of India to allow it to sell shares before the minimum lock-in period of six months. The...
Tags: Naik, Satyam, satyam stake