The World Cup hockey game between New Zealand and Netherlands was disrupted briefly last evening when the floodlights at the spanking new hockey stadium in India’s capital failed partially.
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Even for those who are used to 10 hour power cuts at homes, this was a shock. This is the after all the World Cup and it [...]
SRINHAGAR: An Army captain and a militant were killed in an encounter between security forces and militants in Pulwama district on Thursday.
Two jawans and a policeman were also injured in the encounter that started yesterday in Mir Mohalla Dadasir, 40 kms from here.
The gunbattle broke out when militants hiding in a house fired on a [...]
NEW DELHI: At least 65 people were killed and 30 injured on Thursday in a stampede at Ram Janki temple in Pratapgarh district in Uttar Pradesh.
Sub divisional magistrate said at least 65 people have been killed in the tragedy in Mangarh area of Kunda town, about 180 km from here.
Sixty bodies had been recovered and [...]
Narendra Modi launched a jumbo campaign to woo Dalits today but to many, the gap between rhetoric and reality may have seemed wide enough for an elephant to be driven through it.On a day the Congress-led central government was wiping egg off its face over a howler in an anti-female foeticide advertisement, Modi’s political promotional [...]
He led the Communist Party of India-Marxist (CPM) and was chief minister of West Bengal state from 1977 to 2000.Jyoty Basu was credited with restoring stability to the state, and bringing in land reforms. He died in Calcutta after a long illness.
In 1996 he was offered to lead the federal government as PM in a [...]
New Delhi: The Army on Monday decided to slap show cause notices on four of its senior officers, including Military Secretary Lt Gen Avadesh Prakash, for their alleged involvement in a land scam at a military station in Darjeeling.
A decision on possible further action would depend on the replies to the show cause notices, top [...]
HEGANG, China – Grieving family members demanded answers Monday from mining officials about the underground gas explosion that left at least 104 men dead in northeastern China.
The massive blast Saturday in Hegang city in frigid Heilongjiang province erupted at night when some 500 miners were working below ground. Most escaped, but 104 were confirmed dead [...]
KABUL – Four U.S. service members were killed in the past 24 hours in Afghanistan, NATO forces said Monday.
Three of the Americans died in southern Afghanistan on Sunday, the statement said. Two of them were killed by a bomb attack and the third in a separate firefight.
The military said the fourth U.S. service member died [...]
n order to fully understand the 2012 end of the world predications, then you should first understand the calendar that is at the center of this controversy. The current cycle, or baktun, of this calendar began on August 13th, 3114 B.C. This marked the end of the last period and the beginning of the current [...]
December 2012 marks the ending of the current b’ak’tun cycle of the Mesoamerican Long Count calendar, which was used in what is now Central America prior to the arrival of Europeans. Though the Long Count was most likely invented by the Olmec,it has become closely associated with the Maya civilization, whose classic period lasted from [...]
Despite urgings by animal rights activists to prevent the wanton slaughter of thousands of animals and birds at a Hindu festival in the Terai plains at the end of this month, Nepal’s government Monday said it would not ban the killings due to religious sensitivities but would hope that public consciousness would rise in future to [...]
As more facts come to light, it becomes clear that Raju and his family have been spiriting cash out of the company since 2001, if not earlier, through an elaborate, well-ramified set of arrangements and manoeuvres, including forgery, inflating expenses, stripping assets, and manipulating income, inventory value and profits.
They have shattered the myth that the [...]
A special court, headed by an additional chief metropolitan magistrate, will be set up soon in Hyderabad for a speedy trial of the Satyam Computers fraud case.
The Andhra Pradesh Cabinet, which met here today under the chairmanship of Chief Minister K Rosaiah, accepted the Central Bureau of Investigation’s (CBI) request for setting up such a [...]
New Delhi: The fraud perpetrated by Satyam Computer Services Ltd’s founder B. Ramalinga Raju has claimed some collateral damage: the apex body of accountants in the country, and its current president Uttam Prakash Agarwal.
The government has, in recent weeks, tightened its control over the Institute of Chartered Accountants of India (Icai) diluting Agarwal’s own powers [...]
HYDERABAD: The trial on the Satyam Computer’s scam may be delayed with the Andhra Pradesh High Court, on Tuesday, referring a petition filed by the Central Bureau of Investigation to a division bench.
CBI had sought the court’s permission to conduct brain mapping and lie detector tests on B Ramalinga Raju, the defamed founder of Satyam [...]
HYDERABAD: A three-member team of the United States Securities and Exchange Commission (popularly known as SEC), the federal agency that regulates securities industry in U.S., on Friday, exchanged notes about the progress of investigation into the Rs.7,000 crore Satyam Computers fraud with Ashwani Kumar, Director of Central Bureau of Investigation (CBI), and other officials.
This was [...]
Expressing displeasure over the repeated adjournments sought by defence counsels into the CBI’s petition for conducting forensic tests on Satyam’s former Chairman B Ramalinga Raju and other accused, a city court today fixed to July 4, for hearing the final arguments in the matter.
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KOLKATA: The high-powered committee set up by the Institute of Chartered Accountants of India (ICAI) to look into the multi-crore fraud at erstwhile Satyam Computer will submit its report on July 9.
“We will submit the report to the Ministry of Corporate Affairs on July 9 after we finalise the report at the final internal meeting [...]
NEW DELHI: Some of Satyam Computer’s 105 offices and 30 delivery centres worldwide may soon cease to exist. According to a report in a business daily, the Hyderabad-based company “is evaluating options to downsize operations at its overseas development centres and terminate lease contracts for offices and other properties.”
By consolidating its offices and delivery infrastructure [...]
NEW DELHI: The Satyam fraud case is top priority of the government, and the investigating agency, the Serious Fraud Investigation Office (SFIO), has been asked to put the prosecution on fast track, Minister of State for Corporate Affairs (independent charge) Salman Khurshid said here Friday.
“The case is required to be put on the fast track [...]
Even as the Upaid class action lawsuit against Satyam dangles over the crisis-ridden outsourcing giant like a sword, it is now learnt from sources that the case could be settled at a measly USD 10 million, a far cry from the USD 1 billion Upaid was once demanding. CNBC-TV18’s Vivek Law reports.
The Upaid case [...]
KOLKATA: The high-level committee set up to look at the multi-crore rupee fraud at Satyam Computer by the Institute of Chartered Accountants of India is close to coming out with its recommendatations by June.
“The high-level committee set up to look into matters arising out of Satyam fraud is carrying out deliberations and is likely to [...]
HYDERABAD: The controversy over the claim of the former Satyam chairman, B. Ramalinga Raju, that he had infused Rs. 1,425 crore into the company took a new turn on Wednesday as the Central Bureau of Investigation charged the firm with investing Rs. 175 crore from out of the money to acquire preferential shares of Nipuna [...]
Tech Mahindra has won the bid for Satyam Computer Services.
Reports say that the tech firm will pay Rs 1,757 crore to buy out 31 per cent Satyam stake.
Details awaited.
The majority stake sale process in Satyam Computer Services opened on Monday, and software firm Tech Mahindra submitted its bid. Engineering major L&T had also put in [...]
The board is expected to complete the process and announce the name of the successful bidder the same day in Mumbai.
The Satyam board has extended the deadline to submit technical and financial bids to April 13 from April 9 with the bidders seeking more information on the company, according to board member and HDFC chairman [...]
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