SEBI orders investigation in the matter of Satyam Computer Services Ltd.

The letter of Shri B. Ramalinga Raju reveals that the statement of accounts of Satyam Computer Services Ltd. provided to the stock exchanges were not true. In this context, Securities and Exchange Board of India (SEBI) has ordered an investigation into the affairs relating to buying, selling or dealing in the shares of Satyam Computer Services Ltd. The investigation will also ascertain whether any provision of the SEBI Act or SEBI Regulations/ Rules has been violated.

Australia clings on to first place after win in Sydney

Australia has survived at the top of the Reliance Mobile ICC Test Championship table following its 103-run victory over South Africa in the third and final match of the series in Sydney.

But the pressure is still on Ricky Ponting’s team as the gap at the top has been closed to just five ratings points following the historic 2-1 series defeat.

Traitor Mirwaiz takes counter-oath

While Omar Abdullah took oath as Chief Minister of Jammu and Kashmir, Chairman of Hurriyat Conference (M) Mirwaiz Umar Farooq Monday took a counter-oath to carry forward Kashmir’s freedom struggle until Kashmiris get their right to self-determination (RSD). He also urged chief minister Omar Abdullah to represent Kashmir in Delhi, not Delhi in Kashmir.

Statement on Satyam: KV Kamath, President CII

The Confederation of Indian Industry (CII) today expressed its shock and disappointment at the disclosures made by Mr. B. Ramalinga Raju on the financial position and financial statements of Satyam Computer Services.

Consent Orders in the matter of Thomas Cook (India) Ltd.

A panel consisting of Whole Time Members, SEBI, Shri M.S.Sahoo and Shri K.M.Abraham, has passed Consent Orders dated December 31, 2008 in accordance with SEBI Circular on consent orders dated April 20, 2007 on two applications submitted on behalf of Dubai Holding Investments Group LLC and Dubai Group LLC & Dubai Group Ltd., respectively, in the matter of Thomas Cook (India) Ltd. for non compliance of Regulation 10 following inter-se transfer among group companies.

Naxal affected Indian states meet

A meeting of Chief Ministers of seven naxal-affected States was held here today. The meeting was chaired by the Union Home Minister Shri P.Chidambaram. It was attended by the Chief Ministers of Andhra Pradesh, Orissa, Maharashtra, Jharkhand, Chattisgarh, Bihar and West Bengal.

Letter from B. Ramalinga Raju, Chairman, Satyam

From B. Ramalinga Raju
Chairman, Satyam Computer Servcies Ltd

Dear Board Members,

It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice:

1. The balance sheet carries as of September 30, 2008

a) Inflated (non-existent) cash and bank balance of Rs 5,040 crore (as against Rs 5361 crore refglected in the books)

b) An accured interest of Rs 376 crore which is non-existent

c) An understated liability of Rs 1,230 crore on account of funds arranged by me

Audi India: Record Sales in 2008

Audi, the German luxury car manufacturer announced today its sales figures for the calendar year 2008. Audi India's vehicle sales volume countrywide grew by 201 percent to 1,050 cars as compared to 349 units in 2007. In spite of the adverse market situation the last quarter has been impressive for Audi India as sales grew by 229 percent to 273 units as compared to 83 units in 2007. The month of December saw an increase of 145 percent to 76 cars as compared to 31 cars in December 2007.

Satyam Chairman admits fraud

Satyam Computer Services confirmed that it has received today a letter from its Chairman and Founder, Mr. B Ramalinga Raju. This letter, dated Jan 7, 2009, has been circulated to all existing members of the board, several senior leaders and copied to the Chairman of Securities and Exchange Board of India (SEBI) and the stock exchanges where Satyam is listed.

IRCTC launches Toll Free 24x7 Helpline

Indian Railways Catering and Tourism Corporation Limited (IRCTC), a public sector undertaking of the Ministry of Railways, has launched a centralised Toll Free telephone No. 1800-111-139 for the convenience of railway users to suggest/grievances relating to catering services on Indian Railways.

The facility is available 24x7 on this number and railway passengers can register their complaints/suggestions regarding food and catering services. Wherever possible, action is taken on real time basis for redressal of their grievances.

MECSPE: open house for specialized mechanics

In Parma, from 19th to 21st March 2009, at Fiere di Parma (Parma Fairground)

Also the last gears have been oiled and now the “machine” of MECSPE, the international specialized mechanics exhibition, is ready to “go” from 19th to 21st March at Fiere di Parma (Parma Fairground).

In spite of the particular situation of the international economy, this edition will be rich in contents also thanks to over than thousand exhibiting companies that have already confirmed their presence: among them we can count the main players of the sector and many foreign realities.

Ingram Digital adds new accounts

Ingram Digital, an Ingram Content Company focused on solutions for digital content management, hosting, distribution and promotion, today announced that it has added the Canadian Research Knowledge Network (CRKN) to its rapidly expanding roster of international customers.

Internationally recognized as a leader in the development of digital content infrastructure, CRKN has selected Ingram Digital to provide 67 Canadian universities, encompassing nearly 900,000 researchers, scholars and students, with access to premium e-book content from leading academic publishers.

Thin Film Technologies Changing the Solar PV Business

By Paulo Nery

The solar photovoltaic (PV) industry is clearly in a rapid growth phase. The worldwide industry size was recently estimated at $50 billion. Over the past few years, production capacity is thought to have grown at an average of 48% each year and cumulative global production is now at 12.4 Giga Watts (GW). It is also an industry on the brink of change. New technologies are emerging that seem certain have an impact on the entire shape of the PV industry.

Clickbank Bonus Domination has announced Clickbank Bonus Domination

Component 1 - Bonus Domination Blueprint: The Bonus Domination Blueprint demonstrates to affiliates how create and use high value, relavent bonus offers to entice customers and increase sales through affiliate promotion. The step by step blueprint series consists of high quality, detailed videos and instructions for building the ultimate unqiue bonus.

BJP distressed to learn about Pashupatinath Temple: Advani

L.K. Advani
The Bharatiya Janata Party is deeply distressed to learn about the shabby and totally unprovoked treatment meted out to the Indian priests at the sacred Pashupatinath Temple in Kathmandu, Nepal.

A tradition going back three centuries, and which stood the test of time and which commands the respect of the people of Nepal, as well as millions of Hindus all over the World, has been trampled upon in a most clumsy and undemocratic manner by the Government of Nepal.

United States remains on top of Global Innovation Rankings, India slips

The Second Global Innovation Index 2008 (GII) jointly published by Confederation of Indian Industry and INSEAD Business School, has once again placed United States at the top of the Global Innovation Rankings. The GII that has studied 130 countries has ranked Germany in the second position, followed by Sweden, the United Kingdom and Singapore.

Google launches Picasa for Mac

Picasa for Mac makes it easy to manage large photo collections and helps users make professional-looking edits without any technical knowledge, including:

A drag-and-drop photo collage tool that gives users control over layout and content
A retouching brush to wipe out scratches and blemishes - and repair old photos

A slideshow movie maker that uploads users photo montage videos to YouTube with a click
Smart auto-cropping that guides users on how to zoom in on their subject
And, auto red-eye removal.

CBI files charge-sheet against nine officials of post office

The Central Bureau of Investigation has filed a charge-sheet against the then Assistant Post Master and other three officials of Raniganj Head Post Office in the designated court, Kolkata u/s 120-B r/w 409 & 477-A of IPC and section 13(2) r/w 13(1)(c)&(d ) of PC Act, 1988. The accused officials had hatched a criminal conspiracy and misappropriated the Government money to the tune of Rs.11.17 crore by fraudulently showing the same paid against discharge of non existent Kisan Vikash Patras.

CBI files charge-sheet against Registrar of companies

The Central Bureau of Investigation has filed a charge-sheet against the then Registrar of Companies, Kolkata and presently Joint Director (Inspections) in the office of Regional Director, Ministry of Corporate Affairs, PDIL Bhawan, Noida for acquisition of disproportionate assets to the tune of Rs.21.67 lakh in his name and in the name of his family members.

India to Chair AARDO over the Next Three Years

India is to chair the Afro-Asian Rural Development Organisation (AARDO)for the next three years (2009-2011) with Syria and Nigeria as Vice-President. The change of guard took place during the 16th General Session of the Afro-Asian Rural Development Organisation (AARDO) which began here today with a firm commitment to South -South Cooperation as a basic postulate of India’s foreign policy.

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