Business News

Last updated: Sunday, July 05, 2015 11:24:03 PM

Satyam scam pulls down markets by over 7 percent
Mumbai, Jan 7 (IANS) Indian equities markets tumbled Wednesday after Satyam Computers chairman B. Ramalinga Raju admitted to having juggled with the firm's balance sheet to the tune of Rs.40 billion ($823 million).

Wednesday, January 07, 2009 4:34:55 PM

Satyam top brass had to know about fraud: Analysts
Hyderabad, Jan 7 (IANS) Satyam Computers founder-chairman B. Ramalinga Raju, who opened a Pandora's box Wednesday by revealing inaccuracies in his company's balance sheet to the tune of Rs.4,578 crore (Rs.40 billion or $823 million), has cleared board members of any knowledge of the happenings. But his claim has baffled analysts and the government.

Wednesday, January 07, 2009 4:08:54 PM

Satyam fraud shocks investors, employees
Hyderabad, Jan 7 (IANS) Satyam Computer founder-chairman B. Ramalinga Raju's disclosure of committing a Rs.40-billion ($823-million) fraud has shocked corporate India, especially the investors and over 50,000 employees of the country's fourth largest IT services company.

Wednesday, January 07, 2009 3:56:26 PM

Vegetables, pulses prices go up following truckers' strike
Lucknow, Jan 7 (IANS) The ongoing nationwide strike of transporters has jacked up prices of essential commodities in Lucknow even as the Uttar Pradesh Truck Operators' Federation (UPTOF) said they would maintain the supply of essential goods.

Wednesday, January 07, 2009 3:52:49 PM

Time to entice NRIs with tour packages
Chennai, Jan 7 (IANS) What better time to hardsell tourism packages than the Pravasi Bharatiya Divas? The Tamil Nadu Tourism Development Corp (TTDC) is offering two tour packages for participants at the seventh edition of the diaspora meet here.

Wednesday, January 07, 2009 3:43:20 PM

Colourful billboards greet NRIs, PIOs
Chennai, Jan 7 (IANS) Tamil Nadu's capital city was known for its giant hoardings until the Supreme Court banned the eyesores.

Wednesday, January 07, 2009 3:43:18 PM

Diaspora delegates exempted from luxury tax
Chennai, Jan 7 (IANS) True to the Indian credo 'athithi devo bhava' or 'guest is like god', the Tamil Nadu government has exempted delegates attending the Pravasi Bharatiya Divas, the annual convention of people of Indian origin, from paying the luxury tax charged by star hotels.

Wednesday, January 07, 2009 3:43:17 PM

Satyam directors, employees shocked over 'fraud' by Rajus
Hyderabad, Jan 7 (IANS) Directors of the beleaguered IT major Satyam Computers Wednesday expressed shock the admission of founder-chairman B. Ramalinga Raju to committing a fraud to the tune of Rs.40 billion (Rs.4,000 crore or $823 million) before he resigned, along with Managing Director Rama Raju.

Wednesday, January 07, 2009 3:03:36 PM

Markets tumble after Satyam shocker
Mumbai, Jan 7 (IANS) Indian equities markets plunged in afternoon trade Wednesday after IT major Satyam Computer's co-founder and chairman B. Ramalinga Raju resigned after confessing to a Rs.40-billion ($823 million) fraud that had been going on for years.

Wednesday, January 07, 2009 3:01:48 PM

Ashok Leyland sales down 63 percent in December
Chennai, Jan 7 (IANS) Commercial vehicle manufacturer Ashok Leyland Ltd Wednesday reported a 63 percent fall in its December sales over the corresponding month previous year.

Wednesday, January 07, 2009 2:51:58 PM

News Business Articles Index


This Week's Most Discussed

This Week's Most Emailed News

Feature Coming Soon..

Art - Culture Business Diaspora
Education Health Politics
Religion Sports Sci-Tech


Asia America Australia
Africa Europe Gulf-Middle East
Pakistan Nepal Bhutan
Sri Lanka Bangladesh Maldives

Disclaimer: All Logos and Pictures of various Channels, Shows, Artistes, Media Houses, Companies, Brands etc. belong to their respective owners, and are used to merely visually identify the Channels, Shows, Companies, Brands, etc. to the viewer. Incase of any issue please contact the webmaster.