In its order dated 6th January, 2009 the Madras High Court directed SEBI to consider the application of Coimbatore Stock Exchange (CSX) under exit option scheme of SEBI and pass orders before 31st March, 2009.
Even before the announcement of Exit Option for Regional Stock Exchanges by SEBI, Coimbatore Stock Exchange was the first to find out […]
SEBI is supposed to be the market regulator in India. Their main objective is to safeguard the interest of investors vis a vis operations in share market. In the case of Sathyam fraud SEBI is running from pillar to post to get statements recorded from its Chairman and MD. On 7th January, 2009 Sathyam Chairman B. […]
Time and again Tamil Nadu Chief minister M.Karunanidhi is issuing statements that he is not bothered about his government and prepared to forgo ministerial post for the sake of Srilankan Tamils. Once he even gave an ultimatum to the Central Government and obtained resignation letters from all DMK members of parliament. This drama lasted for […]
It was almost a dreamcome true when A.R.Rahman’s music in Slumdog Millionaire won the Golden Globe award. This award is considered to be the last but one step to achieve the ultimate, the Oscar.
Last week we had predicted that days are not far off for A.R.Rahman to get Oscar Award. It is heartening to hear […]
A robber approached a policeman and requested him not to catch him when he steals. The policeman agreed ( for what cost - nobody knows ! ) and whenever complaint came he certified that the robber was innocent and correct in his dealings. Public lost heavily due to his robbery but it went unnoticed because […]
It is every Indian’s dream to get an Oscar. But it is eluding our hands time and again. Now there is ray of hope in the form of A.R.Rahman. His music for the movie Slumdog Millilonaire has won him Golden Globe Award for best musical original score. This is considered to be the last but […]
What a trailor we had on Villu ? Amazing, Vijay in Bharthiar attire with few punch dialogues, rumours spreading out that Vijay is doing a double role in the film, Nayanthara for Glamour, Vadivelu for comedy, Prabhu Deva direction, Beautiful Music score by Devi Sri Prasad , Kovai sarala’s voice, Kushboo’s dance ,moreover this film […]
Sathyam shareholders have paid their price for appointing one of the Big 4, Price Waterhouse Coopers, Chartered Accountants, as their statutory auditors. But the price seems to be very high considering the fact that the accounting fraud by Sathyam involves nearly Rs.7,000/- Crores.
It is to be remembered that the same auditing firm is involved in […]
The interim CEO of Satyam, Ram Mynampati, has sent a letter to the management and staff, announcing the formation of a new team.
“You have helped to build Satyam to be what it is today and we believe that this cannot be allowed to fail, at any cost,” he wrote. A copy of the letter is […]
The chairman of Satyam Computer Services resigned on Wednesday(7.01.2009), saying profits had been inflated over the last several years.
Following is the text of his letter, which was released by the Bombay Stock Exchange.
Note: references using Indian numerical system of crores and lakhs have been converted to Western system.
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To the Board of Directors
Satyam Computer Services Ltd.
From […]
