Ramalinga Raju

Satyam Computers: What caused the delay in the Sebi order and how it exposes a key question

This latest SEBI order only dealt with the controversy of what should be the exact amount of illegitimate gains to be disgorged by the promoters. A fixed methodology or regulations to calculate unlawful gains may be the need of the hour.

Raju family-promoted Call Health service to launch in Hyd

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.

Satyam case: Hyd court grants bail to Raju, others

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.

Six years for a self-confessesd crime is a long wait: Pros

Amit Tandon, Founder, IiAS, says waiting six years for a judgement for a self confessed crime is an incredibly long wait.

Satyam Scam: Downfall of Ramalinga Raju

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.

Satyam scam: Hyd court sentences Raju to 7-year term

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.

Satyam case: Special court defers verdict till April 9

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.

Special court verdict in Satyam case likely on Dec 23

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.

Satyam scam: Ramalinga Raju appears in Hyd court

The founder of scam-hit Satyam Computers, Ramalinga Raju appeared at a local court in Hyderabad today.

Satyam scam: Raju moves SAT against disgorgement order

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.

Satyam scam: Where business was in bed with politicians

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.

Trading in Mahindra Satyam to be suspended from July 4

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.

Selling by Gurnani to pay for fringe benefit tax: Tech Mah

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.

Class action suits are up against challenges

Provisions for class action suits in the new Companies Bill is a step forward. But hurdles remain in its implementation.

Class Action V/S Satyam's Independent Directors

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.

HC stays Enforcement Directorate order on Maha Satyam

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.

Satyam scam: End of the road for Ramalinga Raju or CBI?

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.

Satyam scam: HC asks Sebi to defer probe against PWC team

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.

Mahindra Satyam Q2 net surges 10-fold YoY to Rs 238.24 cr

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.