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ftalphaville.ft.com - 1/8/2009
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The chairman of Satyam Computer Services, which ranks as India's fourth-largest software operation, has fessed up to years of book-cooking. Shares in the company crashed 80 per cent on Wednesday, taking the wider Indian stock market down 7 per cent.
Here's his confession:
To the Board of ...
minilien.com - 1/7/2009
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minilien.com —
Hyderabad: Satyam Computer Services founder chairman B. Ramalinga
Raju resigned from the IT major's board after admitting
a fraud to the tune of Rs 4000 crore ($823 million) in the balance sheet of the company.
(more)
Ramalinga Raju, Ramalinga Raju Resigns, Ramalinga Raju ...
lnk.in - 1/7/2009
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lnk.in —
Satyam Computer Services founder chairman B. Ramalinga Raju
resigned from the IT major's board after admitting a
fraud to the tune of Rs 5,040 crore in the balance sheet of the company.
(more)
Ramalinga Raju quit, Satyam chairman Ramalinga Raju ...
minilien.com - 1/7/2009
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minilien.com —
Bangalore: The Satyam Computer Services Ltd founder Chairman,
B. Ramalinga Raju and Managing Director, B. Rama Raju,
have resigned from the board on Wednesday, the company announced
(more)
Satyam Chairman B Ramalinga Raju Resigns, Ramalinga Raju ...
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Observations for Thursday
InvivoAnalytics.com —
... ? Or was it the resignation letter from the desk of B. Ramalinga Raju , Chairman of Satyam Computer Services, which ranks as India’s fourth-largest software operation? Whatever it is, news is not good and the market was unable to go up. The S&P 500 Index hit resistance on a test of the December 2008 high. Traders will see shortly if buyers are waiting at the 50-day moving average below. Questions and Comments Please ...
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