Finance Avenue

After going through scams after scams the newly appointed Satyam board, consisting of HDFC chairman Mr. Parekh, Nasscom head Kiran Karnik, and others are trying to get the company on track by making all efforts to bring an able, honest and experienced man –manager. They are in search of a new CEO (Chief Executive Officer) [...]

Satyam trouble is over. Seriously. On Wednesday, January 7, 2009, a startling revelation by Mr. Ramalinga Raju, chairman, Satyam Ltd, took the India Inc by storm. in fax stated to the board of directors, Mr. Raju confessed to have grossly misappropriated the company funds to the extent of Rs 7136 crores (approximately).its share prices slashed [...]