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CORPORATE
CORPORATE GOVERNANCE:
Who will make it to the new Satyam board?
Lazard keen on say; LIC, AP Govt may get berths. New Delhi/Mumbai/Hyderabad, Jan. 10 Financial institutions Lazard and Life Insurance Corporation of India as well as the Andhra Pradesh Government are among those who may clinch some of the berths ...
CORPORATE GOVERNANCE:
SEBI, Serious Fraud Office teams don’t get to question Rajus
Hyderabad, Jan. 10 Investigating teams of the Securities and Exchange Board of India (SEBI) and Serious Fraud Investigation Office (SFIO) have not been able to interrogate Mr B. Ramalinga Raju, former Chairman of Satyam Computer Services and ...
CORPORATE GOVERNANCE:
Ramalinga Raju remanded to judicial custody
Hyderabad, Jan. 10 On a day of high drama, the fallen Indian IT leader, Mr B. Ramalinga Raju, found himself drawn away from the comfort of 5-star luxury and high echelons of power to the claustrophobic confines of the ...
ANNOUNCEMENTS:
Tata Motors cancels Jamshedpur plant shutdown
‘Premature to see this as any signal of revival’. Mumbai, Jan. 10 Tata Motors has, in a surprising development, cancelled its plan to go for another round of block closure of its Jamshedpur plant for six days starting January 12. ...
AUDITING:
IT: A more vulnerable sector?
The best in practices — best disclosures, best corporate governance, best presentation of financials and high degree of corporate social responsibility. If there is one sector that qualifies on each one of these parameters in India, it ...
FIXED DEPOSITS:
TNPF scheme: An attractive debt option
Even as 2008 turned out to be a sore year for equity investors, debt offered solace to a great extent, with attractive interest rates and yields. However, the falling interest rates in 2009 suggests that attractive debt options could be ...
ECONOMIC OFFENCES:
Corporate frauds over the years
Enron: In early 2000, Enron moved away from its core business (electricity and natural gas) to trading in derivatives. It believed that the profits from derivatives could be used to mask the losses of its primary ...
OUTLOOK:
Yamaha drafts aggressive script for India
Mumbai, Jan. 10 Japanese two-wheeler major Yamaha, which is attempting to set its India house in order, has drafted an aggressive strategy that will ensure customers will have no more reason ...
PERFORMANCE:
Mercedes Benz posts strong growth
Mercedes Benz India sold 3,625 cars (46 per cent growth), 240 trucks (53 per cent growth) and 16 bus chassis in India, during the calendar year 2008. A total of 1,756 C Class cars were sold during the year as compared with the 779 units sold ...
REGULATORY BODIES & RULINGS:
RoC teams poring over Satyam books
Raju may face charges of falsification. Hyderabad, Jan. 10 The Registrar of Companies (RoC), which is probing into the Rs 7,136-crore fudged financial numbers case involving former Chairman of Satyam Computer Services Mr B. Ramalinga Raju, is in ...
ECONOMIC OFFENCES:
No inkling of Satyam’s financial mess: T.R. Prasad
Hyderabad, Jan. 10 Mr T.R. Prasad and Prof. V.S. Raju, the two independent directors on the now disbanded Board of the crisis-ridden Satyam Computer Services, have welcomed the Government move and wanted a thorough enquiry into the ...
PEOPLE:
Prof C.K. Prahlad quits HMRI
Ramalinga Raju steps down from various boards. Hyderabad, Jan. 10 The shocking happenings at Satyam Computer Services have started taking a toll on the governing boards of several organisations in ...
ECONOMIC OFFENCES:
Trade unions can help detect frauds early: CAG officials
New Delhi, Jan. 10 Corporate frauds such as the one at Satyam would be an extremely rare incidence in organisations that have trade unions and officers associations because they perform the crucial role of whistle blower, according to ...
OUTLOOK:
Concern over stock pile-up with RINL
The Union Government should go to the rescue of the Rashtriya Ispat Nigam Ltd (the steel plant here) stuck with an inventory of more than seven lakh tonnes of steel and products, “due to the short-sighted policies of the ...
NEW PROJECTS:
Barbed fence over a dream of development
It was an unwilling tranquillity that hung in the air around the proposed and abandoned Singur small car project site on Friday. Long hauling Durgapur Expressway was as usual busy with high-speed traffic. But the entire project area was wrapped ...
RESEARCH & DEVELOPMENT:
Ranbaxy’s respiratory drug clinical trials begin
New Delhi, Jan. 10 Ranbaxy Laboratories Ltd announced on Friday that it has initiated the first phase of clinical trials on a drug for respiratory inflammation. The drug is being developed as part of the research and development ...
AUDITING:
ICAI issues notice to Price Waterhouse
New Delhi, Jan. 10 The auditing profession regulator Institute of Chartered Accountants of India (ICAI) has ruled out the introduction of the concept of mandatory audit firm rotation for listed ...
PEOPLE:
Kirby Adams is new CEO of Corus, Tata Steel Europe
Mumbai, Jan. 10 Tata Steel has said that Mr Kirby Adams will succeed Mr Philippe Varin as Chief Executive Officer of Corus and Tata Steel Europe, the holding company of its European ...
CORPORATE GOVERNANCE:
Nasscom chief hails Govt move on Satyam
Hyderabad, Jan. 10 The Union Government’s decision to scrap the present, depleted board of Satyam Computer Services has been seen as a good move not only to protect the interests of the company and its 51,000-strong employees, but also ...
CORPORATE GOVERNANCE:
When companies go bust, employees suffer the most
Satyam Computer Services, a company that employs half-a-lakh people, is in deep crisis now, after it became evident that the company’s numbers were being falsified over the past several years. Employees are now keeping their ...
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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