Satyam's Chairman Ramalinga Raju has put India to shame by admitting to what may well be the largest corporate scandal to hit Dalal street so far. Takes the gleam off the Indian Shining phenomenon, doesn't it? The regulators better come down hard on the promoters, (the auditors and the guys who awarded Satyam for corporate governance as well!) else we might see foreign investments fleeing the country.
Showing posts with label markets. Show all posts
Showing posts with label markets. Show all posts
Wednesday, January 07, 2009
Raju is no gentleman
Satyam's Chairman Ramalinga Raju has put India to shame by admitting to what may well be the largest corporate scandal to hit Dalal street so far. Takes the gleam off the Indian Shining phenomenon, doesn't it? The regulators better come down hard on the promoters, (the auditors and the guys who awarded Satyam for corporate governance as well!) else we might see foreign investments fleeing the country.
Tuesday, September 30, 2008
Gloom time
A blood bath in the markets, so keep it together folks! This storm too shall blow over!
Just finished Hari Kunzru's "Transmission". Gripping read. I'll try and review it when I get the time. Reading Richard Dawkins' "The God Delusion" at present and loving it!
Just finished Hari Kunzru's "Transmission". Gripping read. I'll try and review it when I get the time. Reading Richard Dawkins' "The God Delusion" at present and loving it!
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