Hyderabad/New Delhi: Raju, who has been untraceable since his sent in his resignation on Wednesday, is believed to be at his farmhouse at Kompally on the outskirts of Hyderabad. While there was no confirmation from police regarding his whereabouts, police officers said they had no orders…

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Mumbai: Seeking to avoid a Satyam-like financial fraud, market regulator SEBI on Friday decided to review the earnings statement of all the companies that figure in the elite stock trackers Nifty-50 and Sensex-30. “Such a review would be in relation to the last quarterly results an…

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Foreign institutional investors (FIIs) were net sellers of Rs 350.55 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 2,836.68 crore, gross sales totalled Rs 3,187.23 crore. Domestic institutional investors (DIIs) were net sellers of Rs 13…

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MUMBAI: Engineering and construction major Larsen & Toubro on Thursday said it is not looking at taking over Satyam Computer Services, the beleaguered IT major which is facing a Sebi prove after the disclosure of financial fraud by Ramalinga Raju, who resigned as Chairman. “We …

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New Delhi: The case of Satyam Computer is neither the first nor the last corporate fraud to have hit India but the investors should always be on guard and ask for more information before making any investment decision, former SEBI Chairman M Damodaran said on Wednesday. At the same time…

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The National Stock Exchange (NSE) has removed Satyam Computer Services from the Nifty Index with effect from January 12, 2008. Satyam, the NSE said, will be replaced by Reliance Capital. …

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NEW YORK (Reuters) – Private employers shed 693,000 jobs in December, up sharply from the revised 476,000 jobs lost in November and far more than economists estimated, a report by a private employment service said on Wednesday. The median of estimates from 20 economists surveyed by …

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Ramalinga Raju, Chairman of Satyam resigned from the Satyam board today, reports CNBC-TV18. He wrote a letter to the Satyam board admitting that the IT major’s balance sheet has an inflated cash and bank balance of Rs 5,040 crore. Appalled at the recent development market experts r…

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Nearly 55,000 officers of 14 PSU oil companies have decided to strike work indefinitely from January 7 to seek higher wages, Association of Scientific & Technical Officer’s, Vice President, P K Sharma told reporters here today.The officers of 14 PSUs including ONGC, BPCL, HPCL,…

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MUMBAI: Martin Taylor, chairman, Syngenta AG, had in April 2008 credited his company’s outstanding performance to the worldwide rise in demand for agricultural products, which found reflection in unusually high price increases. “These rising commodity prices are a greater incentive fo…

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