B.Ramalinga Raju, the architect of the mega fraud that has brought India’s fourth largest IT services company Satyam Computer to its knees, has been arrested on charges of criminal breach of trust, criminal conspiracy, cheating, falsification of record and forgery. The arrest is no surprise considering that Raju has confessed to engaging in massive accounting […]
The Government of India has kicked out Satyam’s board and plans to nominate 10 members, according to media reports coming from India. Satyam’s board meeting scheduled for Saturday has also been cancelled. Here’s the text of the statement issued by India’s Minister for Corporate affairs Prem Chand Gupta on disbanding Satyam’s board: You have been […]
The malware crisis is getting worse. Malware (i.e. malicious software) refers to all kinds of harmful programs like viruses, trojans, spyware and adware that can harm your computer system. Security software vendor Panda Security (which of course has a vested interest in hyping security threats) says that in 2008 it detected an average of 35,000 […]
Villu Review – Revoltingly Bad Here are the showtimes for Vijay’s new movie Villu, which is scheduled to release on January 10 in the U.S. Directed by Prabu Deva, Villu also features Nayantara, Prakash Raj and Vadivelu. Villu Movie Showtimes in New Jersey Edison, NJ Movie City – Read the Review 1655 Oak Tree Road […]
All ye Satyam employees, if you haven’t already started looking for a job elsewhere you need to get your head examined. Jump ship before the coming carnage in the form of massive layoffs. Once the massive layoffs are announced, there will be far too many candidates scrambling for far too few openings. Dust off your […]
The New York Stock Exchange has not permitted trading in Satyam ADRs to resume. The NYSE halted trading in Satyam ADRs on Wednesday prior to the opening of the market after disclosures of accounting irregularities at the company. Acknowledging that trading in the Satyam ADRs was halted today as well, an NYSE spokesman said Thursday: We […]