India Inc expressed deep shock and disbelief at the Satyam saga and demanded that loopholes must be plugged in regulation,audit and governance to restore the confidence of the stakeholders in corporate firms.
In a stunning 5-page letter detailing years of financial deception at the firm he founded,Satyam Computer Services Chairman B Ramalinga Raju brought an illustrious corporate career to an undignified end.
The pink slips haven't arrived yet,but the uncertainty is killingly painful for the 53,000 employees of Satyam,particularly at a time when IT industry is going slow on recruitment.
Satyam Computer on Wednesday plunged into a deep crisis,as B Ramalinga Raju resigned as its Chairman after admitting to major financial wrong-doings.
The BSE benchmark Sensex on Wednesday suffered the most this year by losing 749 points.
Officials at state-run oil firms began an indefinite strike on Wednesday demanding higher wages.
India may cut fuel prices again,Oil Minister Murli Deora said,a month after govt last lowered state-set rates for petrol and diesel.
Years after the foreign media wondered if Americans should be afraid of Ramalinga Raju more than Osama Bin Laden due to jobs they lost to India,experts said the fear seems to have come true,although for a different reason.
SEBI said it is reviewing options after the chairman of No. 4 software services exporter Satyam Computer Services said its profits had been inflated and resigned.
Air India's domestic operation was affected on Wednesday in wake of the ongoing strike.
In a strange twist of fate,just a day after his nephew took over as the youngest chief minister of Jammu and Kashmir.
Within 24 hours of taking oath as Jammu and Kashmir Chief Minister.
GAIL has stopped the sale of 47 mn cu metres a day as a strike by officials has hit supplies.
A strike by officials at PSU oil firms has hit operations at three refineries of Indian Oil.
Alcoa said it would slash more than 15,000 jobs,halve capital spending and sell 4 businesses.
With both transporters and govt holding on to their stands,the strike entered the third day.
On November 26,2008,just hours before Lashkar-e-Taiba terrorists attacked Mumbai,India handed over its latest list of 42 terror suspects to Pakistan.
Does Ajmal Amir Kasab,the only terrorist caught alive in the Mumbai terror strikes,deserve to have legal representation?
After seven days of operations against militants holed up in a thick forest in Poonchs Mendhar region...
400 pages through; hes reading up other memoirs from Clintons to Advanis
The Central Information Commission has ruled that the Supreme Court and high courts are public authorities...
In a clear toughening of stance,India today squarely blamed official agencies in Pakistan for supporting the terrorist operation in Mumbai.
At a time of global recession,Thirumangalam is buzzing. In this otherwise inconsequential small town in Madurai district...
Burn victim Lopamudra Mitra's over 12 hour ordeal before she was finally provided a hospital bed is a pointer to the dismal state of medical infrastructure...
Former Vice-President Bhairon Singh Shekhawat said on Tuesday that health permitting,he would contest the coming Lok Sabha elections.




