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Last updated: Friday, April 24, 2015 10:38:03 PM

Satyam stock tumbles as chairman Raju resigns after admitting huge fraud
Hyderabad, Jan 7 (IANS) Shares of Satyam Computer Wednesday crashed by over 72 percent to Rs.50 from a opening of Rs.179.10 on the bourses around 1 p.m., following the resignation of its founder-chairman B. Ramalinga Raju after he admitted to a Rs.40 billion (Rs.4,000 crore or $823 million) fraud - the largest in India Inc.

Wednesday, January 07, 2009 1:12:47 PM

Government prepares strategy to tackle job losses
New Delhi, Jan 7 (IANS) Minister of State for Commerce and Industry Ashwini Kumar Wednesday said the government is chalking out a strategy to minimise job losses in sectors such as export and manufacturing in the next fiscal.

Wednesday, January 07, 2009 12:54:48 PM

Oil sector employees go on strike
New Delhi, Jan 7 (IANS) A majority of employees of oil firms stayed away from work at processing plants and refineries across the country Wednesday following a strike call given by their union.

Wednesday, January 07, 2009 12:49:39 PM

Satyam founder quits after admitting Rs.40 bn fraud
Hyderabad, Jan 7 (IANS) Satyam Computer Services founder chairman B. Ramalinga Raju resigned from the IT major's board after admitting a fraud to the tune of Rs.40 billion ($823 million) in the balance sheet of the company.

Wednesday, January 07, 2009 12:08:45 PM

Satyam chairman Ramalinga Raju, MD Rama Raju quit
Bangalore, Jan 7 (IANS) Satyam Computer Services Ltd founder chairman B Ramalinga Raju and managing director B Rama Raju resigned from the board Wednesday, the company announced.

Wednesday, January 07, 2009 11:52:38 AM

Chandigarh mega projects under vigilance scanner
Chandigarh, Jan 7 (IANS) Controversial mega projects in Chandigarh worth billions of rupees under prevailing market prices are under the scanner of the Central Vigilance Commission (CVC).

Wednesday, January 07, 2009 11:21:14 AM

Snowfall raises hopes of good apple harvest in Himachal
Shimla, Jan 7 (IANS) Farmers and horticulture experts are hoping that the light to moderate snowfall in the mid hills of Himachal Pradesh during the past few days after a long dry spell would ensure a good apple harvest this year too.

Wednesday, January 07, 2009 10:31:34 AM

NALCO's expansion on track despite slowdown: Chairman (Interview)
Bhubaneswar, Jan 7 (IANS) National Aluminium Co (NALCO), Asia's largest integrated aluminium producer based here, said its Rs.400-billion expansion plan is on track despite the global financial crisis and falling demand.

Wednesday, January 07, 2009 10:16:26 AM

Markets start firmly at opening bell
Mumbai, Jan 7 (IANS) Indian equities markets opened higher Wednesday, rising firmly in the opening minutes with a key index gaining more than a percent over its close Tuesday.

Wednesday, January 07, 2009 10:16:03 AM

Bubblegum company told to pay Rs.300,000 compensation
Chandigarh, Jan 6 (IANS) A well-known bubble-gum company has been directed by a consumer court here to pay a compensation of Rs.300,000 to a customer who was not given a Trip to America prize nearly eight years ago.

Tuesday, January 06, 2009 10:18:50 PM

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