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| CBI arrests one more in Satyam fraud case | 22-NOV-09 |
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| The Central Bureau of Investigation (CBI), which is investigating the Satyam Computers accounting fraud case, has arrested the Hyderabad-based company’s former global head of internal audit, Prabhakar Gupta. |
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| Price Waterhouse auditor moves SC, seeks bail | 20-NOV-09 |
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| Price Waterhouse auditor Srinivas Talluri, arrested in Satyam fraud case for allegedly conniving with its founder B Ramalinga Raju and other aides, has moved the Supreme Court seeking bail in the matter. |
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| Reading Raju's mind | 20-NOV-09 |
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| On January 7, Ramalinga Raju confessed to his monumental fraud. He had, Raju said in a letter to the stock exchanges, cooked Satyam’s books for seven long years — revenue, profit, bank balance et al. Raju was soon arrested and put in the Chanchalguda prison. The Union government swung into action. A board was appointed to manage the affairs of the company. In a matter of months, Satyam was sold to Tech Mahindra. |
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| Pvt ports set to overtake govt-run majors | 19-NOV-09 |
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| Central government-owned ports such as Kandla and Visakhapatnam might be the top two in the pecking order in terms of bulk cargo that they handle. But they might soon be overtaken by the new private upstarts, which have set up ports in Mundra and Pipavav (in Gujarat) and Gangavaram (Andhra Pradesh) and are growing at a rapid pace. |
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| CBI files memo in Satyam case | 18-NOV-09 |
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| The Central Bureau of Investigation (CBI), which is investigating into the Satyam case, has filed a memo in Nampally court today for hearing the charges against nine accused in the case. |
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| Satyam gets refund notices from 37 firms | 18-NOV-09 |
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| Satyam Computer Services (rebranded Mahindra Satyam) has received legal notices from 37 companies claiming a refund of $265 million (approximately Rs 1,230 crore), allegedly given as temporary advance. |
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| Seafood exporters go for quality tag | 17-NOV-09 |
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| Seafood exporters in the state have decided not to purchase black tiger shrimp (aquaculture shrimp) from aqua farmers, who are not registered with the Coastal Aquaculture Authority of India or the Andhra Pradesh fisheries department. The move is aimed at meeting international standards. |
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| Cairn to further explore Ravva field | 16-NOV-09 |
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| Cairn India and its joint venture partners have decided to take up 4 dimensional (4D) seismic survey of Ravva field in the Krishna-Godavari Basin to further explore oil and gas reserves. |
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| Hyd court bars Maytas from loans on land collateral | 16-NOV-09 |
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| In a major setback to cash-strapped infrastructure company Maytas Properties, promoted by former Satyam Computer founder B Ramalinga Raju’s family, a local court has passed an order barring it from using land as collateral for loans. |
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| Govt asks SFIO to commence prosecution proceedings | 14-NOV-09 |
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| The government today asked the Serious Fraud Investigation Office (SFIO) to initiate prosecution proceedings against persons involved in the Satyam accounting fraud and partners of Price Waterhouse, the auditors of the IT company. |
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