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Tuesday, January 13, 2009
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ECONOMIC OFFENCES: Satyam’s ex-CFO: Auditors did not point out any deficiencies
Accounts manipulated for seven years, confesses Ramalinga Raju. * I feel the Fixed Deposits (FDs), as claimed by the company are unreal and ...

PEOPLE: Satyam to scout for new CEO, CFO from within or outside
Hyderabad, Jan. 12 A new CEO & CFO, either from within or outside, independent audit firm in next 48 hours, a merger option and delay in Q3 results beyond January 30 deadline were the broad takeaways from the first statements of ...

ECONOMIC OFFENCES: World Bank reveals Wipro, Megasoft were barred, too
Much ado about nothing, say cos. Bangalore/New Delhi/Mumbai, Jan. 12 In a further setback to the Indian IT sector, the World Bank made public it has barred Wipro Technologies and Megasoft Ltd since 2007 from receiving direct contracts under its ...

OUTLOOK: Tata Comm seeks Govt nod to raise funds
‘It requires money to carry out expansion plans’. The ongoing credit crunch seems to be beginning to hit the telecom sector also. Tata Communications (formerly known as Videsh Sanchar Nigam Ltd) has written to the Government seeking ...

ECONOMIC OFFENCES: What will happen to Satyam’s SEZs?
Company received clearance for 5 SEZs in 2008. Hyderabad, Jan. 12 Satyam Computer Services was one of the favoured IT companies for several States that wanted to attract investments and develop IT-SEZs (Special Economic ...

OUTLOOK: Satyam issue to dull interest in bellwether IT results
Bangalore, Jan. 12 The Satyam fiasco could diminish the interest in IT earnings for December quarter that may provide a peek into the next fiscal, which would feel the full impact of the economic ...

ECONOMIC OFFENCES: ICAI plans to tighten rules on auditors’ tenure
Calls for compulsory verification of cash & bank balances above a certain threshold. Mumbai, Jan. 12 Shaken by the alleged “inaction” of Satyam Computer’s auditor Price Waterhouse, the Institute of Chartered Accountants of ...

HUMAN RESOURCES: Satyamites abroad fear job loss, legal tangles
Some apply for transfer visas to work for other cos. Hyderabad, Jan. 12 Besides living a in a state of uncertainty, Saytamites working on-site abroad are a worried lot due to legal complications even as the Government-constituted board took ...

SOFTWARE: Wipro drags IT down
Satyam gains on Govt initiatives. Mumbai, Jan. 12 IT stocks took a beating on Monday after Wipro and Megasoft were barred from doing business with World Bank until ...

INTERNET: LIC ties up with insurance portal
Life Insurance Corporation of India has tied up with an insurance portal Policy Bazaar.com to sell its policy Jeevan Aastha online. The consumers would now be able to get the details of the policy online and make purchases, a press release said. ...

TELECOMMUNICATIONS: 3G auctions put off again
Scheduled to be held on January 30. New Delhi, Jan. 12 Consumers wanting to experience better quality of mobile services will have to ...

TELECOMMUNICATIONS: Airtel services now in Sri Lanka
...

TELECOMMUNICATIONS: GSM operators add 8.1 m users
...

CORPORATE GOVERNANCE: Lawyer group questions Karnik’s appointment
Mumbai, Jan. 12 High-profile exits and the appointment of a governing board member of EMRI on to the reconstituted Satyam board are making EMRI the sub-plot in the larger fraud story now haunting the Hyderabad-based infotech ...

ECONOMIC OFFENCES: Alarm bell from Satyam
The Satyam scam, which threatens to besmirch the world-beating reputation of the Indian information technology industry, ought to make Kerala's IT honchos perk up.. Hyderabad, often gushingly labelled `Cyberabad' to denote its leading role in ...

ECONOMIC OFFENCES: Satyam effect: ICAI decides on deterrent action against CA firms
New Delhi, Jan. 12 Chartered accountancy firms will have their names published on ICAI’s web site if any punishment meted out to their partners or members extends beyond five ...

ECONOMIC OFFENCES: Cabinet Secretary to co-ordinate Govt approach on Satyam
New Delhi, Jan. 12 The Cabinet Secretary, Mr K.M. Chandrasekhar, will coordinate the Government’s approach on the Satyam ...

TAXATION: Vodafone moves SC against tax order
New Delhi, Jan 12 Vodafone has moved the Supreme Court challenging the Bombay High Court order upholding a show-cause notice issued by the Income-Tax Department asking the telecom firm to pay $2 billion post its acquisition of ...

PEOPLE: Kalam quits EMRI Board
Hyderabad, Jan. 12 The EMRI (Emergency Medicare and Research Institute), which runs the highly popular, live-saving service ‘108’, has seen an exodus from its 12-member, high profile Board of Governors, including former President ...

ECONOMIC OFFENCES: ICSI seeks report from Satyam’s company secretary
Kolkata, Jan. 12 The Institute of Company Secretaries of India has sent a letter to the company secretary of Satyam Computer Services, seeking a report on corporate governance, ...

SOFTWARE: Satyam ADR plummets over 90%
The NYSE on Monday revoked the trading suspension on the ADR of Satyam ...

ECONOMIC OFFENCES: Bail plea of Rajus to be taken up on Jan 16
Hyderabad, Jan. 12 The ‘disgraced’ top honchos of Satyam Computer Services, Mr Ramalinga Raju, his brother, Mr B. Rama Raju, and the CFO, Mr V. Srinivas, will have to wait till January 16 for a hearing on ...

TELECOMMUNICATIONS: Airtel launches lifetime prepaid at Rs 99
New Delhi, Jan. 12 Bharti Airtel on Monday lowered the barrier for lifetime pre-paid mobile cards by announcing that it will offer the service for Rs ...

BUYBACK: Mastek can start fresh buyback: SEBI
Mumbai, Jan. 12 Mastek Ltd can embark on a fresh buyback programme this fiscal, a SEBI clarification to the company has ...

INTERNET: easyCruise’s online booking system goes live
Kochi, Jan. 12 Greece-based easyCruise has gone live with IBS’ Cruise Partner, a new-generation third party cruise reservation system to handle the entire reservation process to support their ...

From eWorld

HARDWARE: A new stream of revenue
Hardware players are wooing clients with new fare — virtualisation and consolidation are lures, for sure.. As the ripple effects of the global economic slowdown reach Indian shores, hardware giants such as Hewlett Packard, Sun ...

INTERVIEW: Your mobile number — for keeps
Indian mobile users will soon get the benefit of Mobile Number Portability (MNP), which will allow them to change their operator without having to give up their phone number. Navin Suri, Vice-President, Telcordia, one of the companies ...

SOFTWARE: Shot in the arm for patients
One patient at home is task enough so you can imagine how hospitals manage. Healthcare management software helps smoothen the work of both doctors and patients. In a burgeoning healthcare market, the iSOFT eHIS is an interesting ...

STOCK MARKETS: When every second counts
9:57 a.m.: “Your order is currently being ...

INTERVIEW: Falling short on security
There are serious gaps in information security, warns Teknotrends Software.. Many security aspects are being discussed threadbare in the context of the recent Mumbai terror attack. From an information technology (IT) perspective, the most ...

INTERVIEW: ‘Satyam case unlikely to slow offshoring rate’
Even given Satyam’s shocking disclosures last week, there still is no alternative to India as a location, says Value Leadership Group.. Satyam Computer Services’ pricing has been more aggressive causing its services to cost less than ...

BOOKS: Smart on the job
Who is better at work and multi-tasking — Net Geners or the older?. Who are better at work — the young or the older? To see whether young people really can multitask more effectively than older people, the Oxford Future of the Mind ...

HARDWARE: Visibility sells
If you are looking for a better return on your advertisement budget, or are considering newer channels of reaching out to customers, search engine marketing could be your answer.The medium, which is still relatively small in India, is ...

TELECOMMUNICATIONS: A little more privacy, please
...

CYBER QUEST: Quiz
V.V. Ramanan. 1. Name the first World Wide Web browser written for Windows PCs that debuted on June ...

CARTOON: Cartoon
“Can you call back a little later? He’s on the ...






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Markets (Jan 12)
Nifty (at close)2773.10(-99.90)
US Dollar (Buy/Sell)48.83/84
Brent crude (a bbl) Rs2,168
Gold (a gram) Rs1,237
Silver (a kg) Rs19,085


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In Focus
Who is hiring?

More

Other Top Stories
GIC favours portability of policies below Rs 1 lakh

Satyam effect: ICAI decides on deterrent action against CA firms

Food Ministry plans easing raw sugar imports

How did China reduce rural poverty?

Cabinet Secretary to co-ordinate Govt approach on Satyam

Looking back
Jan. 4-Jan. 10
Satyam promoters’ stake falls below Aberdeen Group

Hiring outlook positive; but at slower pace

Evaluations over, no pink slips: Satyam

Equity sale by new telcos: TRAI seeks details

Satyameva jayate!

Price Waterhouse hides behind client confidentiality

Forrester sees delay in sales cycle

Satyam’s loss is others’ gain

IT vendors get ‘feelers’ from Satyam clients

Can confession help Ramalinga Raju?

IT majors prefer to park cash with Indian banks

HCL Tech, Genpact reach out to clients

Life



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