<body><script type="text/javascript"> function setAttributeOnload(object, attribute, val) { if(window.addEventListener) { window.addEventListener("load", function(){ object[attribute] = val; }, false); } else { window.attachEvent('onload', function(){ object[attribute] = val; }); } } </script> <iframe src="http://www.blogger.com/navbar.g?targetBlogID=17944011&amp;blogName=As+Life+Goes+Digital+%3A+Guide+to+Crick...&amp;publishMode=PUBLISH_MODE_FTP&amp;navbarType=BLUE&amp;layoutType=CLASSIC&amp;searchRoot=http%3A%2F%2Fblogsearch.google.com%2F&amp;blogLocale=en_US&amp;homepageUrl=http%3A%2F%2Fwww.kalyansuman.com%2F" marginwidth="0" marginheight="0" scrolling="no" frameborder="0" height="30px" width="100%" id="navbar-iframe" allowtransparency="true" title="Blogger Navigation and Search"></iframe> <div></div>

As Life Goes Digital

Deals, Cricket, MBA and Immigration related News, Tips and Tricks

India's Satyam Chairman Ramalinga Raju Resigns



Send me email updates:


India's Satyam Chairman Ramalinga Raju resigned taking the responsibility of financial scandal of inflating earnings with cash balance of more than $1 billion. The WSJ article writes that the scandal being compared to Enron of India.

Satyam is India's fourth largest software exporter by revenue and does software services for Fortune 500 companies like GE, GM, Caterpillar, Cisco and others.

Satyam's chairman B. Ramalinga Raju submitted his resignation to SEBI (Stock Exchange Board of India) chairman - Here is his resignation fax in PDF format

The letter says -
"The aborted Maytas acquisition deal was the last attempt to fill the fictious assets with the real assets"


In his closing statement he wrote -
"I am now prepared to subject myself to the laws of the land and face consequences thereof."


This I believe will have adverse affect on Indian IT industry and a more scrutiny from SEBI on all of their financial books.

Related articles by Zemanta


Reblog this post [with Zemanta]

written by Kalyan @ 11:38 AM,

»

Post a Comment

<< Home


Amazon Deals - No tax and Free Shipping is the best when you shop at Amazon.
Here are % off best of best AMAZON deals by category [Note the discount % off price below is based on list price and sorted by "BestSelling" in that category], Once you decided the category like say "toys" then Tip:start with 90% off first and if you don't find good deals then go to 80%, 70% ..
Apparel: --> 50% off | 60% off | 70% off | 80% off | 90% off
Baby--> 50% off | 60% off | 70% off | 80% off | 90% off
Beauty--> 50% off | 60% off | 70% off | 80% off | 90% off
Bed/Bath--> 50% off | 60% off | 70% off | 80% off | 90% off
Books--> 50% off | 60% off | 70% off | 80% off | 90% off
Cameras--> 50% off | 60% off | 70% off | 80% off | 90% off
Cell Phones--> 50% off | 60% off | 70% off | 80% off | 90% off
Computers--> 50% off | 60% off | 70% off | 80% off | 90% off
DVD--> 50% off | 60% off | 70% off | 80% off | 90% off
Electronics--> 50% off | 60% off | 70% off | 80% off | 90% off
Furniture--> 50% off | 60% off | 70% off | 80% off | 90% off
Gourmet--> 50% off | 60% off | 70% off | 80% off | 90% off
Grocery--> 50% off | 60% off | 70% off | 80% off | 90% off
Health--> 50% off | 60% off | 70% off | 80% off | 90% off
Home--> 50% off | 60% off | 70% off | 80% off | 90% off
Jewelry--> 50% off | 60% off | 70% off | 80% off | 90% off
Kitchen--> 50% off | 60% off | 70% off | 80% off | 90% off
Magazines--> 50% off | 60% off | 70% off | 80% off | 90% off
Musical--> 50% off | 60% off | 70% off | 80% off | 90% off
Office--> 50% off | 60% off | 70% off | 80% off | 90% off
Outdoors--> 50% off | 60% off | 70% off | 80% off | 90% off
Pet Supplies--> 50% off | 60% off | 70% off | 80% off | 90% off
Shoes--> 50% off | 60% off | 70% off | 80% off | 90% off
Software--> 50% off | 60% off | 70% off | 80% off | 90% off
Sports--> 50% off | 60% off | 70% off | 80% off | 90% off
Tools--> 50% off | 60% off | 70% off | 80% off | 90% off
Toys--> 50% off | 60% off | 70% off | 80% off | 90% off
VideoGames--> 50% off | 60% off | 70% off | 80% off | 90% off
© 2008 As Life Goes Digital : Guide to Cricket, Deals, MBA and Immigration | Design by Andreas Viklund. Blogger Templates ported by GeckoandFly No part of the content or the blog may be reproduced without prior written permission. This site acts as intermediary and contain links to third party web sites. Kalyansuman.com or it's domain pointers neither endorses or gaurantees any offerings/streamings from third party providers and is not liable for the failure of their products and services.
We use third-party advertising companies to serve ads when you visit our website. These companies may use information (not including your name, address, email address, or telephone number) about your visits to this and other websites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here.