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08 Jan 2009 01:18

johny johny yes papa,
eating sugar no papa,
telling lies yes papa,
this is the story of asatyam, no 11000....may see 8000 for sure...

In reply to:

sensex may touch 11000 in jan`2009

Posted by : JONNY-PAPA

sense ----sex will ---willlll crosssss
11580 by mid february-09
belive me or not
its from jonny papa
then u will find te casualities from
whose is who
from the credit card companies
may be the icici bank //// sbi

can be the casualties in india

07 Jan 2009 22:48

Thanks to NSE for replacing one bad apple by another.

Are there no honest companies left in India for a place in Nifty index?...

In reply to:

NSE removes Satyam from Nifty Index w.e.f Jan 12

Posted by : ramesh.sahu

WHY NSE THOUGHT ABOUT RETAIL INVESTER HE TAKE ACTION ONLY AFTER SCAN

07 Jan 2009 21:16

WHY NSE THOUGHT ABOUT RETAIL INVESTER HE TAKE ACTION ONLY AFTER SCAN...

In reply to:

NSE removes Satyam from Nifty Index w.e.f Jan 12

Posted by : MMB Messenger

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.

07 Jan 2009 19:59

Ya "chor chor milke gaooen bat liye"....

In reply to:

NSE removes Satyam from Nifty Index w.e.f Jan 12

Posted by : chintax

1 chor replaces another chor :)

07 Jan 2009 19:53

1 chor replaces another chor :)...

In reply to:

NSE removes Satyam from Nifty Index w.e.f Jan 12

Posted by : MMB Messenger

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.

07 Jan 2009 19:46

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....

07 Jan 2009 17:27

Religare Global Price Waterhouse 200803 22 4
S.N. Sunderson Price Waterhouse 199903 10 -1
Saint-Gob. Sekur Price Waterhouse & Co 200712 67 0
Samtel Color Price Waterhouse 200806 777 -71
Sanderson Inds. Price Waterhouse 199403 13 1
Saregama India Price Waterhouse 200803 137 8
Satyam Computer Price Waterhouse 200803 8,137 1,716
Schrader Duncan Price Waterhouse & Co 200803 56 2
Simplex Infra Price Waterhouse 200803 2,808 90
South Asian Fin. Price Waterhouse 199803 5 -10
Sparsh BPO Price Waterhouse 200803 161 0
Spentex Inds. Price waterhouse 200803 736 -35
Stewarts & Lloyd Price Waterhouse 200803 111 4
Subhkam Capital Price Waterhouse 200803 50 -2
Sulzer India Price Waterhouse & Co 200712 125 15
Swaraj Mazda Price Waterhouse 200803 665 25
Swojas Energy Price Waterhouse & Co 199812 7 -6
T.V. Today Price Waterhouse 200803 231 44
TIL Price Waterhouse 200803 692 32
Tinplate Co. Price Waterhouse 200803 391 4
Trigyn Techno. Price Waterhouse 200803 14 4
Tudor India Price Waterhouse 200803 129 8
United Breweries Price Waterhouse 200803 1,367 62
United Spirits Price Waterhouse 200803 3,137 311
Usha Martin Price Waterhouse 200803 1,639 145
UT Price Waterhouse 200803 104 -7
UTV Software Price Waterhouse & Co 200803 286 4
Vijay Inds. Price Waterhouse 200409 63 -27
Warren Tea Price Waterhouse 200803 133 2
Welspun India Price Waterhouse & Co 200803 1,175 26
Wyeth Price Waterhouse 200803 330 81
Zensar Technolgs Price Waterhouse 200803 336 45




BS............

In reply to:

List of companies audited by Satyam auditors

Posted by : latikav

Rs Crs Rs Crs
Co_Name Auditor Year End Net Sales PAT
Apar Inds. Price Waterhouse 200803 1,698 85
Apeejay Tea Price Waterhouse 200703 93 1
APW President Price Waterhouse 200803 137 9
Arshiya Intl Pricewaterhouse 200803 202 12
Assam Carbon Pr Price Waterhouse 200803 30 -4
Automotive Stamp Price Waterhouse 200803 301 4
Bayer CropScien Price Waterhouse 200803 1,163 49
Beeyu Overseas Price Waterhouse 200803 20 -2
Bimetal Bearings Price Waterhouse 200803 100 9
Blue Dart Exp. Price Waterhouse 200712 809 70
Bosch Price Waterhouse & Co 200712 4,269 609
Bosch Rexroth Price Waterhouse & Co 200712 265 25
California Soft. Price Waterhouse 200803 71 7
Century Enka Price Waterhouse 200803 1,186 13
Chemplast Sanmar Price Waterhouse & Co 200803 640 7
Colgate Palmoliv Price Waterhouse 200803 1,475 232
Coromandel Fert Price Waterhouse 200803 3,795 210
Cummins India Price Waterhouse 200803 2,351 281
D P S C Price Waterhouse & Co 200803 320 1
Denso India Price Waterhouse 200803 466 28
Dynamatic Tech. Price Waterhouse & Co 200803 273 19
Elpro Intl. Price Waterhouse 200803 27 -17
English Ind.Clay Price Waterhouse 200703 240 18
Entertainment Nt Price Waterhouse & Co 200803 225 16
Gabriel India Price Waterhouse & Co 200803 467 8
Gateway Distpark Price Waterhouse 200803 165 75
Gillanders Arbut Price Waterhouse 200803 399 15
GIS Price Waterhouse 200403 80 0
Glaxosmit Pharma Price Waterhouse & Co 200712 1,570 538
GlaxoSmith C H L Price Waterhouse 200712 1,273 163
Glenmark Pharma Pricewaterhouse 200803 1,371 389
GMR Inds. Price Waterhouse & Co 200803 153 7
GMR Infra. Price Waterhouse 200803 103 63
Goodyear India Price Waterhouse 200712 890 40
Graphite India Price Waterhouse 200803 1,064 134
Great Eastern En Price Waterhouse 200803 0 -11
Guj Gas Company Price Waterhouse 200712 1,188 159
Harr. Malayalam Price Waterhouse 200803 202 6
HCL Infosystems Price Waterhouse 200806 12,411 305
HCL Technologies Price Waterhouse 200806 4,615 781
Hikal Pricewaterhouse 200803 301 50
Hind.Powerplus Price Waterhouse 200503 216 6
Hinduja Ventures Price Waterhouse 200803 12 42
Honeywell Auto Price Waterhouse & Co 200712 866 65
Hooghly Flour Price Waterhouse 199603 0 0
HTMT Global Price Waterhouse 200803 358 59
IFGL Refractor Price Waterhouse 200803 171 17
Ineos ABS (India Price Waterhouse 200712 557 35
Info Edge (India Price Waterhouse 200803 245 55
Infotech Enterpr Price Waterhouse 200803 435 59
Ingersoll-Rand Price Waterhouse 200803 487 281
Insilco Price Waterhouse 200803 69 -3
Jagran Prakashan Price Waterhouse 200803 750 98
Kanumanek Trad. Price Waterhouse 200803 0 0
Karamch.Thapar Price Waterhouse 200803 0 0
Kennametal India Price Waterhouse 200806 388 54
Kesoram Inds. Price Waterhouse 200803 2,986 383
Lanco Infratech Price Waterhouse 200803 1,575 200
Marico Price Waterhouse 200803 1,569 143
Maruti Suzuki Price Waterhouse 200803 17,892 1,731
Mastek Price Waterhouse 200806 583 99
Max India Price Waterhouse 200803 282 62
Mcleod Russel Price Waterhouse 200803 653 47
Millennium Beer Price Waterhouse 200803 188 -4
Morganite Crucib Price Waterhouse & Co 200803 19 1
Moser Baer (I) Price Waterhouse 200803 1,900 -79
Motherson Sumi Price Waterhouse 200803 1,303 128
NDTV Price Waterhouse 200803 363 4
Nicco Parks Price Waterhouse 200709 19 1
NIIT Price Waterhouse 200803 467 33
NIIT Tech. Price Waterhouse 200803 445 143
Northgate Techno Price Waterhouse 200803 62 41
Novartis India Price Water house 200803 553 97
Orissa Extrusion Price Waterhouse 199912 13 -8
Parry Agro Inds Price Waterhouse 200803 82 8
Perfect Circle I Price Waterhouse & Co 200803 77 -2
Phillips Carbon Price Waterhouse 200803 1,033 89
Piramal Health Price Waterhouse 200803 1,914 301
Piramal Life Price Waterhouse & Co 200803 0 -92
PVP Ventures Price Waterhouse 200803 0 -2
Rain Calcining Price Waterhouse 200703 696 70
Rain Commodities Price Waterhouse 200712 462 25
Rane (Madras) Price Waterhouse & Co 200803 350 37
Rane Brake Lin Price Waterhouse & Co 200803 181 9
Religare Enter Price Waterhouse 200803 32 23

07 Jan 2009 17:26

Rs Crs Rs Crs
Co_Name Auditor Year End Net Sales PAT
Apar Inds. Price Waterhouse 200803 1,698 85
Apeejay Tea Price Waterhouse 200703 93 1
APW President Price Waterhouse 200803 137 9
Arshiya Intl Pricewaterhouse 200803 202 12
Assam Carbon Pr Price Waterhouse 200803 30 -4
Automotive Stamp Price Waterhouse 200803 301 4
Bayer CropScien Price Waterhouse 200803 1,163 49
Beeyu Overseas Price Waterhouse 200803 20 -2
Bimetal Bearings Price Waterhouse 200803 100 9
Blue Dart Exp. Price Waterhouse 200712 809 70
Bosch Price Waterhouse & Co 200712 4,269 609
Bosch Rexroth Price Waterhouse & Co 200712 265 25
California Soft. Price Waterhouse 200803 71 7
Century Enka Price Waterhouse 200803 1,186 13
Chemplast Sanmar Price Waterhouse & Co 200803 640 7
Colgate Palmoliv Price Waterhouse 200803 1,475 232
Coromandel Fert Price Waterhouse 200803 3,795 210
Cummins India Price Waterhouse 200803 2,351 281
D P S C Price Waterhouse & Co 200803 320 1
Denso India Price Waterhouse 200803 466 28
Dynamatic Tech. Price Waterhouse & Co 200803 273 19
Elpro Intl. Price Waterhouse 200803 27 -17
English Ind.Clay Price Waterhouse 200703 240 18
Entertainment Nt Price Waterhouse & Co 200803 225 16
Gabriel India Price Waterhouse & Co 200803 467 8
Gateway Distpark Price Waterhouse 200803 165 75
Gillanders Arbut Price Waterhouse 200803 399 15
GIS Price Waterhouse 200403 80 0
Glaxosmit Pharma Price Waterhouse & Co 200712 1,570 538
GlaxoSmith C H L Price Waterhouse 200712 1,273 163
Glenmark Pharma Pricewaterhouse 200803 1,371 389
GMR Inds. Price Waterhouse & Co 200803 153 7
GMR Infra. Price Waterhouse 200803 103 63
Goodyear India Price Waterhouse 200712 890 40
Graphite India Price Waterhouse 200803 1,064 134
Great Eastern En Price Waterhouse 200803 0 -11
Guj Gas Company Price Waterhouse 200712 1,188 159
Harr. Malayalam Price Waterhouse 200803 202 6
HCL Infosystems Price Waterhouse 200806 12,411 305
HCL Technologies Price Waterhouse 200806 4,615 781
Hikal Pricewaterhouse 200803 301 50
Hind.Powerplus Price Waterhouse 200503 216 6
Hinduja Ventures Price Waterhouse 200803 12 42
Honeywell Auto Price Waterhouse & Co 200712 866 65
Hooghly Flour Price Waterhouse 199603 0 0
HTMT Global Price Waterhouse 200803 358 59
IFGL Refractor Price Waterhouse 200803 171 17
Ineos ABS (India Price Waterhouse 200712 557 35
Info Edge (India Price Waterhouse 200803 245 55
Infotech Enterpr Price Waterhouse 200803 435 59
Ingersoll-Rand Price Waterhouse 200803 487 281
Insilco Price Waterhouse 200803 69 -3
Jagran Prakashan Price Waterhouse 200803 750 98
Kanumanek Trad. Price Waterhouse 200803 0 0
Karamch.Thapar Price Waterhouse 200803 0 0
Kennametal India Price Waterhouse 200806 388 54
Kesoram Inds. Price Waterhouse 200803 2,986 383
Lanco Infratech Price Waterhouse 200803 1,575 200
Marico Price Waterhouse 200803 1,569 143
Maruti Suzuki Price Waterhouse 200803 17,892 1,731
Mastek Price Waterhouse 200806 583 99
Max India Price Waterhouse 200803 282 62
Mcleod Russel Price Waterhouse 200803 653 47
Millennium Beer Price Waterhouse 200803 188 -4
Morganite Crucib Price Waterhouse & Co 200803 19 1
Moser Baer (I) Price Waterhouse 200803 1,900 -79
Motherson Sumi Price Waterhouse 200803 1,303 128
NDTV Price Waterhouse 200803 363 4
Nicco Parks Price Waterhouse 200709 19 1
NIIT Price Waterhouse 200803 467 33
NIIT Tech. Price Waterhouse 200803 445 143
Northgate Techno Price Waterhouse 200803 62 41
Novartis India Price Water house 200803 553 97
Orissa Extrusion Price Waterhouse 199912 13 -8
Parry Agro Inds Price Waterhouse 200803 82 8
Perfect Circle I Price Waterhouse & Co 200803 77 -2
Phillips Carbon Price Waterhouse 200803 1,033 89
Piramal Health Price Waterhouse 200803 1,914 301
Piramal Life Price Waterhouse & Co 200803 0 -92
PVP Ventures Price Waterhouse 200803 0 -2
Rain Calcining Price Waterhouse 200703 696 70
Rain Commodities Price Waterhouse 200712 462 25
Rane (Madras) Price Waterhouse & Co 200803 350 37
Rane Brake Lin Price Waterhouse & Co 200803 181 9
Religare Enter Price Waterhouse 200803 32 23
...

07 Jan 2009 17:22

Institute of Chartered Accountants of India (ICAI), the apex body of Chartered Accountants, today said any member of the body found guilty in the Satyam financial wrong doings would be severely punished and the auditors could even be barred from practising, for the lifetime.

"We will ensure that to any person who has not worked according to our standards and our expectations, severe punishment be given," ICAI President Ved Jain said after the financial wrong doings by India`s fourth largest IT company were unearthed.



Satyam`s auditors, PriceWaterHouseCooper (PWC), declined to comment on the issue and did not entertain any query.

Following a letter from Satyam Chairman Ramalinga Raju, who accepted that he had misrepresented facts in the company`s balance sheet, the role of auditors and accountants for the company has also come under scanner.

In fact, the Ministry of Corporate Affairs announced that role of directors and auditors at Satyam will be scanned by ICAI and the apex body of Company Secretaries -- ICSI.

Jain also pointed out that before the body takes any action against the members involved in the "fraud", it needs to collect all facts and information. "So we are looking into that and we will start our proceedings," he added.

On the possibility that the auditors were kept in the dark about the misrepresentation of accounts, Jain said that depended on the facts and circumstances of the case.

"As the information is tricking down to us, we need to examine what has really happened and how it has all happened," he said.

About possible action against the auditors or others party to the financial wrong doing, Jain said under the Indian Penal Code any person party to a fraud or cheating can be convicted.

"All one needs to prove is he was the party to the fraud. He can be booked under the Companies Act and the Chartered Accountants Act... In case of negligence by the chartered accountant, we have severe punishment," Jain said.

Meanwhile commenting on the issue, the apex Company Secretaries body ICSI said that at this stage the body has not come into the picture.

"If any member found guilty, we will deal with it according to the company secretaries law," ICSI President Keyoor Bakshi said.

The Company Secretaries Act has a provision for disciplinary action.

If any member, Satyam`s company secretary in this case, is found guilty then the maximum ICSI can do is suspend membership, Bakshi added.

He also pointed out that the body has not yet asked for the report from the company and the report will come to them eventually.

...

07 Jan 2009 12:59

in near term crude goes to $50- $55 per barel .Israel attac on gaza effect on oil supply....

In reply to:

Near-term range for crude seen between $45-52/bbl

Posted by : MMB Messenger

NYMEX crude February Futures crossed $50/bbl on Tuesday but slipped below the same level on weak demand concerns. It settled down 0.5% at $48.58 a barrel. It is currently trading at USD 48.45/bbl.

07 Jan 2009 12:59

NYMEX crude February Futures crossed $50/bbl on Tuesday but slipped below the same level on weak demand concerns. It settled down 0.5% at $48.58 a barrel. It is currently trading at USD 48.45/bbl....

07 Jan 2009 12:53

in near term crude go to per barel . attack on gaza effect on internatina supply ...

In reply to:

Crude trading at $48.56/bbl

Posted by : MMB Messenger

Crude oil prices slipped below USD 49 per barrel after rising above USD 50 per barrel yesterday, as weak US economic data triggered a bout of profit-taking, outweighing rising geopolitical tensions and OPEC production cuts that threaten to tighten supplies. In after hours Nymex trading, crude is at USD 48.56 per barrel.

07 Jan 2009 12:51

Crude oil prices slipped below USD 49 per barrel after rising above USD 50 per barrel yesterday, as weak US economic data triggered a bout of profit-taking, outweighing rising geopolitical tensions and OPEC production cuts that threaten to tighten supplies. In after hours Nymex trading, crude is at USD 48.56 per barrel. ...

07 Jan 2009 10:10

Obama Launch Party to rock the market for 2 months including jan. Lots of FIIs inflow, bailout packages, stimuluses & rate cuts will be seen. I think 12k soon around the corner....

In reply to:

Wall Street ends with moderate gain; Dow up 62 pts

Posted by : MMB Messenger

US markets ended higher on as optimism over the Obama’s stimulus plan. In economic data, November pending home sales fell by 4% to lowest level since 2001. November factory orders fell 4.6%. The Dow Jones industrial average gained 62.21 points, or 0.69%, to 9,015.10.

07 Jan 2009 10:10

US markets ended higher on as optimism over the Obama’s stimulus plan. In economic data, November pending home sales fell by 4% to lowest level since 2001. November factory orders fell 4.6%. The Dow Jones industrial average gained 62.21 points, or 0.69%, to 9,015.10....

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