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CORPORATE
CORPORATE GOVERNANCE:
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 ...
CORPORATE GOVERNANCE:
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 ...
CORPORATE GOVERNANCE:
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 ...
CORPORATE GOVERNANCE:
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 ...
CORPORATE GOVERNANCE:
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 ...
CORPORATE GOVERNANCE:
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 ...
CORPORATE GOVERNANCE:
IT vendors get ‘feelers’ from Satyam clients
Some customers mulling migration of work. The nervousness among clients of Satyam – following a massive accounting fraud – is ...
CORPORATE GOVERNANCE:
Satyam claims: New India, Tata AIG may explore exit options
Likely to take protection behind risk riders in D&O liability cover. Bangalore, Jan. 8 Public sector New India Assurance Company Ltd (NIACL) and private sector Tata AIG General Insurance Company Ltd are unlikely to meet the liability claims ...
EVENTS:
The deals of 2008
Siemens’ industrial solutions division acquires the US-based Morgan Construction Co, which produces rolling mill products and services for the metals industry globally. ...
INTERVIEW:
‘Focus now on micro-management of exporters’ specific issues’
Ministry to look at further steps after studying impact of twin packages. Following two relief packages announced on December 7 last year and January 2 for industry including export segments reeling under slowdown, the Commerce Ministry is now ...
OUTLOOK:
Recession forces Toyota go-slow
Co to cut output by 40% at auto parts jt venture, increase training quantum of workers. Bangalore, Jan.8 Recession has forced the world’s leading car maker Toyota to slash production at its auto parts’ joint venture in India by as ...
OUTLOOK:
Shimoga, Gulbarga airports: Maytas Infra still in picture
Bangalore, Jan. 8 It may be early yet to read the fate of Shimoga and Gulbarga airport projects, in which Maytas Infra, an entity promoted by the Ramalinga Raju family, ...
CORPORATE GOVERNANCE:
A lesion on the image of Brand Satyam
Bangalore, Jan. 8 When brand Satyam comes crashing down, what does it do to its own imagery and the clout of IT brands in ...
CORPORATE GOVERNANCE:
‘Spirit of Satyam’ lives on
Hyderabad, Jan. 8 Braving gloom and uncertainty facing them, scores of Satyamites, today put up a show of solidarity in front of its offices across the city and elsewhere in the ...
OUTLOOK:
Honda Motorcycle bets big on 2-wheelers in Q4
Mumbai, Jan. 8 Honda Motorcycle & Scooter India (HMSI) is eyeing sales of at least 2.5 lakh units during January-March, which will see its production exceed the targeted one-million mark for this ...
PEOPLE:
Maytas Infra non-executive Chairman quits
NCC Infra ‘closely monitoring situation’. Hyderabad, Jan. 8 Maytas Infra, the failed acquisition target of Satyam Computer Services, is in the thick of action, post the startling revelations made by Mr B. Ramalinga Raju, Chairman of ...
PEOPLE:
Rammohan Rao quits as ISB Dean
No prior knowledge of ‘shocking revelations’. Hyderabad, Jan. 8 In what can be seen as the after shocks of the Satyam fraud, Prof M. Rammohan Rao, a former independent director on Satyam’s Board, has stepped down as Dean of ...
NEW PROJECTS:
Electrotherm setting up 2-wheeler battery plant in Gujarat
Ahmedabad, Jan. 8 Electrotherm (India) Ltd, pioneer of battery-run two-wheelers in the country, will set up a battery manufacturing plant in Gujarat this year with an investment of around Rs 20 crore. This month, Electrotherm is also ...
MERGERS & ACQUISITIONS:
L&T says no strategic interest
...
CORPORATE GOVERNANCE:
Is there anybody home?
...
COURTS/LEGAL ISSUES:
‘No intention to avoid the law’
Following is the text of a letter sent to the media by Mr S. Bharat Kumar, advocate for Mr B. Ramalinga Raju, former chairman of Satyam Computer ...
NEW BUSINESS:
Soma Enterprise bags bridges contract
Kolkata, Jan. 8 Soma Enterprise Ltd has secured the contract for designing and construction of 54 major bridges on the western freight corridor of the proposed dedicated freight corridor, according to company ...
CORPORATE GOVERNANCE:
Corporate scandals: Ensuring fast and deterrent action
The great betrayal at Satyam Computer Services, the fourth largest firm in the informational technology (IT) sector with business in 66 countries and figuring prominently on the New York Stock Exchange, boggles the mind. But was it not all ...
CORPORATE GOVERNANCE:
Price Waterhouse has to answer
The morning after, as it sinks in slowly that what broke on Wednesday is the worst corporate scandal in India’s history, angry questions are being raised on the role of Satyam’s auditors, Price Waterhouse, in the scandal. And the firm ...
Columnists:
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C Gopinath
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Harish Bijoor
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Ramanujam Sridhar
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Radhika Chada
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K Srikrishna
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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