Hyderabad is moving towards smarter healthcare. The city will soon see the launch of Call Health, a healthcare services aggregator which is promoting itself as an online supermarket of healthcare services. The venture is promoted by Sandya Raju, Ramalinga Raju's daughter in law.
All the 10 people including B Ramalinga Raju and his brother B Rama Raju have been granted bail in the multi-crore Satyam Computer Services Ltd (SCSL) accounting fraud case.
Amit Tandon, Founder, IiAS, says waiting six years for a judgement for a self confessed crime is an incredibly long wait.
Here‘s a complete recap of what really happened at Satyam, which led to the downfall of one of India Inc's poster boy Ramalinga Raju and nine others.
The Hyderabad Special Court probing the Satyam Computer Services accounting fraud today sentenced the company‘s founder B Ramalinga Raju to a seven-year jail term while holding him guilty of cheating, forgery and criminal breach of trust.
The primary proponent here was Ramalinga Raju who the CBI suspects had engaged in fraud worth Rs 7,000 crore causing a loss of Rs 14,000 crore of investors.
On October 30, Special judge BVLN Chakravarthi, of the Special Court trying the case, (probed by the Central Bureau of Investigation) pertaining to the multi-crore rupee scam in SCSL, fixed December 23 for pronouncement of the much-awaited judgement.
The founder of scam-hit Satyam Computers, Ramalinga Raju appeared at a local court in Hyderabad today.
SAT stays SEBI's impugned order with respect to disgorgement of Rs 1849 crore plus interest is not valid until further hearing, while stating that its decision to admit Raju along with four others‘ plea will be announced in December.
Exactly five years ago, Indians woke up to read a confession by B Ramalinga Raju, chief promoter of Satyam Computer Services, that he had committed financial fraud by overstating profits and cash in the bank to the tune of around Rs 6,000 crore.
The Mahindra group had taken over Satyam Computer Services in 2009 after a multi-billion dollar accounting scam by its founder Ramalinga Raju. Tech Mahindra & Satyam announced on June 25 that the merger of the two firms had been completed.
In an interview to CNBC-TV18, Vineet Nayyar, Vice Chairman of Tech Mahindra talked much delayed merger of Mahindra Satyam with Tech Mahindra. He informed that almost every process has been completed, barring some litigations by 13 Ramalinga Raju companies.
Provisions for class action suits in the new Companies Bill is a step forward. But hurdles remain in its implementation.
Four years ago, on 7th January 2009, Ramalinga Raju, the Chairman of India‘s fourth largest IT Company Satyam confessed to having overstated the company‘s assets by over $1 billion.
Mahindra Satyam has got some breather today. The Andhra Pradesh High Court today stayed enforcement's directorate's provisional attachment of Rs 822 crore worth of fixed deposits that belong to the company.
The court hearing the Satyam scam case is likely to complete examination of CBI officials in a week's time. CNBC-TV18's Appaji Reddem reports that a judgment can be expected anytime within the next three months.
In partial relief to Price Waterhouse Coopers (PWC) auditors Subramani Gopalakrishnan and Sriniwas Talluri, accused in the Rs 14,000 crore Satyam scam, the Bombay High Court today directed market regulator SEBI to commence its inquiry against them from May.
Software services provider Mahindra Satyam (erstwhile Satyam Computer Services) has reported a better than expected increase of 5.7% in its net profit of Rs 238 crore for the second quarter of FY12 as against Rs 225.2 crore in a previous quarter. This was due to the depreciation in the rupee.
The Supreme Court on Friday granted bail to Ramalinga Raju, founder and former chairman of outsourcing firm Satyam Computer Services Ltd, in a USD 1.5 billion financial fraud case, after the CBI failed to file charges on time.
The Supreme Court has finally granted bail to former Satyam head, Ramalinga Raju. Appaji Reddem of CNBC-TV18 has a report
The Andhra Pradesh High Court today dismissed the bail petitions of B Ramalinga Raju and seven other accused in the multi-crore Satyam Computer accounting fraud.
The Andhra Pradesh High Court today rejected the bail pleas of Satyam Computer scam accused B Ramalinga Raju and five others, and asked them to first approach a sessions court.
A Special Central Bureau of Investigation (CBI) court on Thursday dismissed the bail petition of Satyam Computer scam accused B Ramalinga Raju and seven others.
Ramalinga Raju, the jailed ex-officio of Satyam, has made yet another attempt to get out on bail. CNBC-TV18's Ashwin Mohan has the detailed report.
Accounting regulator Institute of Chartered Accountants of India (ICAI) today said it will complete cross examination of witnesses in the Rs 14,000-crore Satyam accounting fraud case in the next two days.