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CORPORATE
CORPORATE GOVERNANCE:
Govt to take over management control of Satyam Computer
Existing board disbanded; 10 nominee directors soon. New Delhi, Jan. 9 The Company Law Board on Friday allowed the Government to effectively take over the management control of the beleaguered Satyam Computer Services, following the Rs ...
CORPORATE GOVERNANCE:
Ramalinga Raju surrenders
Hyderabad, Jan 9 Mr B. Ramalinga Raju, who quit as Chairman of Satyam Computer Services admitting to a Rs 7,136 crore financial fraud, surrendered to the State police here on ...
AUDITING:
Nifty, Sensex cos to come under peer review
Mumbai, Jan. 9 The Securities and Exchange Board of India has decided to subject all Nifty and Sensex companies to a peer review of their accounting statements in the wake of the Satyam ...
CORPORATE GOVERNANCE:
Satyam still has many buyers as it plunges to a new low
FRENZIED ACTIVITY. Mumbai, Jan. 9 Hyderabad is the cynosure of all eyes and the woes of Satyam Computer Services Ltd are far from over. But, at the dealing rooms of brokerage houses in Mumbai, it was business as usual at the counters, with many ...
CORPORATE GOVERNANCE:
Serious Frauds Office team examining Satyam records
Raju to appear before SEBI today. Hyderabad, Jan. 9 On a day of dramatic developments at Satyam Computer Services, one thing became clear: Mr B. Ramalinga Raju is likely to appear before SEBI (Securities and Exchange Board of India) on Saturday ...
OUTLOOK:
Renault puts Chennai plan in cold storage
Renault, Nissan committed to low cost car with Bajaj. Mumbai, Jan. 9 French carmaker Renault’s decision to freeze its Rs 4,500-crore Chennai project comes weeks after its global ally, Nissan made public in Tokyo that only one assembly line ...
CORPORATE GOVERNANCE:
Tax maze in the Satyam case
The present chaos and confusion about Satyam Computers are a result of the admission made by its promoter and the interim management not confirming as yet the correctness of the revelations. Four major manipulations have been admitted ...
CORPORATE GOVERNANCE:
Satyam staff in dilemma as cash crunch fears rise
‘January salary commitment may not be met’. Hyderabad, Jan. 9 “Should I go to office today or not?” is the dilemma several Satyam employees faced on Friday morning after the interim management said it did not have ...
NEW BUSINESS:
Simplex Projects bags Libyan deal
...
RIGHTS ISSUE:
Bharat Forge scraps rights issue
...
OUTLOOK:
Nissan small car plan on track
To launch new X –Trail and Teana in 2009. New Delhi, Jan. 9 Nissan Motor India Ltd on Friday said its plan to launch a small car for India by 2010 was on track despite market ...
CORPORATE GOVERNANCE:
To quit or not to quit – Satyam employees risk lower salary elsewhere
Mumbai, Jan. 9 ‘To leave or not to leave’, this could be the biggest question in the minds of the 53,000 odd employees at the troubled Satyam ...
OUTLOOK:
Bosch to temporarily shut plants
Auto parts maker Bosch Ltd has decided to suspend some of the manufacturing operations at a few of its plants across the country for a limited period of time. In a notice to the BSE, Bosch said that to avoid piling up of unnecessary inventory, ...
ALLIANCES & JOINT VENTURES:
L&T open to alliance with Satyam
...
CORPORATE GOVERNANCE:
‘Time not ripe for principle based rules’
Indian society is still not ready for principle based regulations and continuation of rule based regulations was inevitable in the aftermath of Satyam Computer Services case. This was stated by Mr Uday Kotak, Chairman of CII National Council ...
PEOPLE:
Weijde inducted on ACC board
Cement major ACC has appointed former Chief Financial Officer, Mr Onne van der Weijde, as a director on the board with effect from Friday. Dr Nirmalya Kumar has ceased to be a director of the company with immediate effect, the company said in a ...
MERGERS & ACQUISITIONS:
IT majors prefer to park cash with Indian banks
BL Research Bureau The Satyam debacle has raised questions on the real cash position of Indian IT majors and where these companies really park their cash. Even as doubts are being raised about whether Satyam’s cash balances really ...
CORPORATE GOVERNANCE:
Can confession help Ramalinga Raju?
Hyderabad, Jan. 9 Why did Mr B. Ramalinga Raju, founder of Satyam Computer Services, choose to confess? Perhaps, he might have thought that it would not be long before his misdeeds were ...
TRADE & LABOUR UNIONS:
Talks to end deadlock at Apollo Tyres unit fail again
Kochi, Jan. 9 The lockout that was declared on December 6 at PTL Enterprises of Apollo Tyres Ltd (ATL) in Kalamassery near here has entered the second month as conciliation meetings have ...
OUTLOOK:
Nandi Valley setting up winery near Bangalore
Bangalore, Jan. 9 Nandi Valley Winery will invest Rs 10 crore in the next two years to set up a winery ...
CORPORATE GOVERNANCE:
Ramalinga Raju in Hyderabad, says AP CM
Chennai, Jan. 9 “To the best of my knowledge, he is in Hyderabad,” asserted Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, to a question on whether Mr B. Ramalinga Raju, former Chairman, Satyam Computers, was still in ...
NEW PROJECTS:
Bajaj Electricals plans Rs 30-cr CFL facility
Bajaj Electricals and Appliances, a part of the Bajaj Group, will invest Rs 30 crore to set up a greenfield facility in Nashik, Maharashtra, to manufacture Compact ...
CORPORATE DISPUTES:
Punj Lloyd arm begins legal action against UK firm
New Delhi, Jan. 9 Infrastructure firm Punj Lloyd Ltd said on Friday its wholly owned UK unit has commenced adjudication proceedings against SABIC Petrochemicals UK Ltd, seeking restitution of £28.5 million in respect of bonds called by ...
NEW PROJECTS:
‘Renault-Nissan will conform to agreement with TN’
The Renault-Nissan joint venture has assured the Tamil Nadu Government that it would conform to the agreement on implementing the Rs 4,500 crore car project planned near Chennai, according to a highly placed ...
NEW PROJECTS:
Daimler to raise investments in Tamil Nadu
Chennai, Jan. 9 While French car maker, Renault, today said that it would put its investments in Tamil Nadu on the backburner till the economic situation cleared up, another European investor into the State, Daimler, has confirmed raising ...
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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