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Satyam’s interim CEO, his team assess situation
CFO puts in papers; Registrar of Companies seizes books. Hyderabad, Jan. 8 Amidst a SEBI probe, seizure of books by Registrar of Companies, quitting of the CFO and law suits in US, a new leadership that emerged at Satyam Computer Services, was ...

ICAI to fast track auditor role enquiry
New Delhi, Jan. 8 Armed with a revamped disciplinary mechanism, the Institute of Chartered Accountants of India has said that it would fast track its probe on the role of statutory auditor Price Waterhouse in the Satyam Computer Services ...



New plan: The Inte...
TODAY'S PICK (Latest Audio: English/Tamil)
Bajaj Hindusthan (Rs 66.20): Sell
We recommend a sell in Bajaj Hindusthan from a short-term perspective. It is clearly evident from the charts that it has been on a long-term down trend from its January 2008 high of Rs 399. Since then the stock has been forming lower ...

Day Trading Guide


Police, CBI waiting for formal complaint
Chennai, Jan. 8 The Andhra Pradesh Police or the Central Bureau of Investigation are probably waiting for a formal complaint to be lodged with them before they can proceed with the investigation against Mr Ramalinga Raju, who confessed ...

Issue of cognisable offence being raised
Mumbai, Jan. 8 Several questions are being raised on whether the Satyam Chairman, who admitted to a Rs. 7,000-crore fraud in his company, is guilty of a cognisable offence or not, and if so why he has not been arrested or at least been ...

US law firms file ‘class-action’ suits against Satyam
Mumbai/New Delhi, Jan. 8 Two US-based law firms - Izard Nobel LLP and Vianale & Vianale LLP - have filed ‘class action’ lawsuits against scam-hit Satyam Computer Services on behalf of investors who purchased the ...

Oil executives strike starts impacting daily life
New Delhi/Mumbai, Jan. 8 The petroleum traders are dreading Friday, as the impact of indefinite strike called by the public sector oil officers is expected to be much more on the consumers than what it has been on ...

A $50-b industry cannot be clouded by ‘misdeeds’ of a few
Nasscom sees additional overheads, delays for vendors. New Delhi, Jan. 8 The IT industry is still coming to terms with the shocking confession by the Satyam promoter, Mr B. Ramalinga Raju, on falsification of company accounts and its ...

Govt orders inspection of eight Satyam companies
ICAI told to take action against auditors concerned. New Delhi, Jan. 8 The Ministry for Corporate Affairs (MCA) has ordered inspection of books of accounts of eight Satyam Group companies under the provisions of the Companies Act and asked the ...

Noble turns spotlight on promoters
‘Investor activism would allow us to be bold enough’. Kolkata, Jan. 8 Noble, which blew the whistle on accounting malpractices to its investor clients, feels vindicated in the light of Satyam episode, Mr Surabh Mukherjea, Indian ...

Statutory minimum price for sugarcane may be hiked
Likely to be in the range of Rs 110-115 a quintal. New Delhi, Jan 8 The Centre is said to be considering a statutory minimum price (SMP) in the region of Rs 110 to Rs 115 a quintal for sugarcane to be crushed during the 2009-10 ...


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Markets (Jan 07)
Nifty (at close)2,920.40(-192.40)
US Dollar (Buy/Sell)48.60/62
Brent crude (a bbl) Rs2,315
Gold (a gram) Rs1,229
Silver (a kg) Rs19,070


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