The short answer is No. While there will definitely be some minor irregularities here and there, we think it unlikely that the top management of Infosys, Wipro and Mindtree would stoop to the level of Satyam crooks like B.Ramalinga Raju who committed massive fraud and cooked up the books for several years. We are familiar […]
Unless Lord Balaji of Tirupati decides to perform one of his miracle acts, it seems like the end of the road of Indian IT services provider  Satyam Computer Services, at least in its present form. The Satyam brand is tarnished beyond recovery. The Satyam name is mud today after disclosures of massive fraud at the […]
Ask not if Satyam Computer Chairman B.Ramalinga Raju will be arrested. Ask when Ramalinga Raju will be arrested. After acknowledging committing one of the biggest frauds in Indian corporate history, we’d surprised if Ramalinga Raju does not spend considerable time as a guest of the Indian prison system. In what seems like a resigned awareness of […]
Shares of Indian IT services provider Satyam Computer crashed today on the Bombay Stock Exchange after the company’s chairman B.Ramalinga Raju acknowledged massive fraud in the company’s accounts. On the Bombay Stock Exchange today, Satyam shares fell 77.69% to Rs 39.95. Ramalinga Raju said in a letter to the company’s board that the fraud had […]
Indian IT services provider Satyam Computer Services today acknowledged duping investors for years through massive fraud in its accounts. Satyam’s beleaguered Chairman B.Ramalinga Raju and managing director B.Rama Raju have resigned. Ha Ha Ha, Duped You All – Ramalinga Raju Providing details of the massive fraud in a letter to the company’s board, Ramalinga Raju said the balance […]
Our ‘mission unaccomplished’ blithering idiot of a President George W. Bush threw a $17.4 billion lifeline to Detroit automakers lest they give up the ghost on his watch. To prove yet again that he’s indeed the dodo he’s widely reviled to be, Bush gave the auto industry until March 31 to get its affairs in […]