The government is considering initiating a probe by the Serious Fraud Investigation Office (SFIO) against Gensol Engineering and its promoters, according to sources familiar with the matter. "It is under consideration at this stage. A final decision will be taken soon," a government official said.
'Mrs Gandhi had nothing to do in the day-to-day working of Dr Singh's government.' 'People say Mrs Gandhi's office used to give orders, which is nonsense.'
The who's who of Bollywood got together to doff their hats at the iconic Raj Kapoor and celebrate his birth centenary on December 14 with a lot of fanfare.
Dinesh Raheja views Raj Kapoor's cinema through his women, while celebrating his birth centenary on December 14.
Zeenat Aman had scored more hit songs than any of her contemporaries. This can be attributed partly to happenstance and partly to the fact that her forte for high glamour could be showcased most winningly in a crowd-pleasing number, observes Dinesh Raheja.
Twelve of the 16 Naxalites killed in an encounter in Chhattisgarh's Gariaband district have been identified as dreaded ultras carrying a cumulative bounty of Rs 3.13 crore, including a central committee member of the outlawed movement, a police official said. Among them was Chalpathi alias Jairam, a member of the central committee and Odisha state committee of the Communist Party of India (Maoist), who had a collective bounty of Rs 90 lakh on his head in Chhattisgarh, Odisha and Andhra Pradesh. It was the first time someone from the central committee, the main governing body of the proscribed outfit, has been eliminated in an encounter in Chhattisgarh. The encounter, which lasted three days, involved personnel from E-30 (a Gariaband district police unit), Central Reserve Police Force (CRPF), its elite unit CoBRA (Commando Battalion for Resolute Action) and Odisha police's Special Operation Group (SOG).
Rahul Rawail remembers his mentor Raj Kapoor.
'When his laughter died down, Rajji excused himself to make a telephone call.' 'Twenty minutes later, his most gracious wife Krishnaji was at the door with a handful of gold guineas in her purse.'
We looked at some bold instances of Bollywood's beautiful appearing in the buff.
'He will be remembered more for what he did as finance minister -- as someone who functioned well when the political fallout was taken care of.'
The world is celebrating Raj Kapoor's birth centenary, but when was the last time you watched an RK film?
This strategic move paves the way for the emergence of a robust brand, which draws from the core values of the Mahindra Group and the inherent strength of the Satyam brand. The logo will be adopted from the Mahindra Group, an official press note of the company said.
Dinesh Raheja tips his hat to his favourite Raj Kapoor movie, as we continue celebrating the legend's birth centenary.
By entering into related-party deals without shareholder approval, the firm has done irreparable damage to India Inc's reputation. Minority shareholders of Satyam Computer have every reason to feel short-changed. Without so much as by your leave, the management has decided to enter into related party transactions using the company balance sheet.
On February 17, 2009, Satyam case was handed over to CBI.
The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
What stood out in his 15-year journey as a member of the political executive at the Centre was his glowing record as India's most successful and effective finance minister. Both as prime minister and finance minister, he understood the importance of gradualism, except when the economy or the polity was in a crisis.
'Hamara aur Rajsaab ka bahot gehra aur toot bandhan tha. Hum bahot ladte the (we used to fight a lot) but he could make me bend my rules for him.;
I would say it was unwise, but not necessarily wicked. I suggest that Satyam was ill-served by its M&A investment bankers and lawyers regarding the public-relations backlash such a move would cause
Satyam's employees had to undergo mental trauma, job uncertainty and financial problems, after many were forced to leave.
Satyam Computer Services said it continued to support its long-standing partnership with IBM for lotus enterprise solutions.
A bench headed by Chief Justice DY Chandrachud, which had taken cognisance of the incident, has kept the matter on top of the cause list for hearing at 10:30 am on Tuesday.
As this is a Vishal movie, it means that a composer has to work within certain restraints, and though Harris Jeyaraj has tried to fashion it with his own music sense, the strain shows. Some flashes of the genius that created Vaseegara peek at you uncertainly, but all said and done, this hardly is Harris Jeyaraj's best effort.
No government in the past initiated the process of policy making for its next tenure even before going in for elections. Once the Model Code of Conduct is enforced by the Election Commission, should the government of the day refrain from taking an active interest in policy making for the next five years and let that be the function of the new government?, asks A K Bhattacharya.
Board member Tarun Das said the company has been approached for buyouts by both international and Indian IT firms. There have been unconfirmed reports that the company might soon appoint investment bankers to advise on a merger or sale. The board will meet for two days starting January 22 in Hyderabad and would discuss issues such as search CEO and CFO, legal matters and immediate cash requirements to run the company.
Satyam Computers on Monday said it plans to launch the Satyam School of Leadership, a corporate university, to develop and nurture leaders to accelerate the company's growth.
If implemented, this will be music to the ears of shareholders and analysts who have been insisting that Satyam would be better off returning money to shareholders.
Corporate Affairs Minister Salman Khurshid on Tuesday said there is no cause for worry about the possibility of US market regulator SEC slapping a penalty on Mahindra Satyam, related to the multi-crore fraud at the erstwhile Satyam Computer.
Satyam founder R Raju challenges fraud case verdict
The Satyam buyout gives the tech firm a chance to diversify away from telecom, something it badly needed to do. It shouldn't be too difficult for Satyam to be able to turn in an operating profit of close to Rs 1,000 crore in 2009-10, so that would translate into an EV/ebitda of 8.4 times for the company.
The 10 accused in the case include prime accused Satyam Computers founder and former chairman B Ramalinga Raju, his brother and Satyam's former MD B Rama Raju, ex-CFO Vadlamani Srinivas, former PwC auditors Subramani Gopalakrishnan and T Srinivas, Raju's another brother B Suryanarayana Raju, former employees G Ramakrishna, D Venkatpathi Raju and Ch Srisailam, and Satyam's former internal chief auditor V S Prabhakar Gupta.
Chairman Vineet Nayyar says firm has seen lot of positive sentiment among stakeholders following merger announcement with Tech Mahindra.
Deloitee is also the statutory auditor for Tech Mahindra, which acquired Satyam Computer through an open bid in April this year.
On April 21, 2008, Satyam announced its plans to acquire the market research and customer analytics business unit from CAT for a total consideration of $60 million (approximately Rs 300 crore), comprising an initial payment of $10 million (Rs 50 crore), which Satyam paid to the seller on August 6, 2008, besides issuing a $50-million (Rs 250 crore) promissory note.
The Company Law Board on Thursday approved Tech Mahindra's proposed acquisition of a 31 per cent stake in Satyam Computer and asked the buyer to deposit Rs 1,756 crore for the deal by April 21 in a designated account.
An independent director on Satyam Computer's board is understood to have resigned days ahead of a scheduled meeting next week.
"If the marriage is not a valid marriage, according to the law applicable to the parties, it is not a marriage in the eyes of law. The 'Saptapadi' ceremony under the Hindu Law is one of the essential ingredients to constitute a valid marriage but the said evidence is lacking in the present case," the court said in a recent order.
To expand operations in the South America region, IT major Satyam Computer Services has opened a multi-lingual development centre, named 'Satyam Latam Center' in Sao Paulo.
Going by the provisions of the new company law, the responsibility and accountability equation for independent directors has seen a major change.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances