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Economy

Roubini predicts a bleak 2009

Roubini: 2009 will be very very bleak: So how far are we into this recession that has already lasted longer than the previous two (the 1990 and 2001 recessions ...
General

Save Satyam? Or Start Afresh?

Capitalism is built to reward good companies. And that necessarily punishes bad companies. When a fraud is committed, and a company is no longer solvent, it ...
General

No poaching from Satyam: Infy

ET: Infy not to hire Satyam employees: “We have asked our recruitment staff not to poach anybody from Satyam. The company is in the middle of a crisis and ...
General

Satyam Humour

Faking News Has It: The finance minster of India, widely believed to be Manmohan Singh, announced appointment of Ramalinga Raju, Chairman, Satyam Computer ...
Charts & Analysis

Closing Aftek in 5L portfolio

In the 5L Virtual Portfolio I am closing Aftek – the Satyam corp governance issue is huge and Aftek even has a history. SO loss of about 10% but ...
General

Satyam: The End Game

Satyam’s case: Now that we know Raju has defrauded the shareholders, on his own admission, it’s time to face facts. Raju “overstated” ...
General

Raju's letter to Satyam

To the Board of Directors Satyam Computer Services Ltd. Dear Board Members, It is with deep regret, at tremendous burden that I am carrying on my conscience, ...
Charts & Analysis

Satyam down 28%: Raju resigns, DSP-ML says goodbye

Satyam stock is down 28% from the 185 levels I talked about in my last post, a few minutes back! Update: Ramalinga Raju, the CEO, has resigned. He has sent a ...
Charts & Analysis

Satyam founder stake falls to 3.64%

Livemint: Satyam founder holding falls again The holding of the Raju family in Satyam Computer Services Ltd fell to 3.64% after IL&FS Trust Co. Ltd ...
Charts & Analysis

Gilt yields jump up suddenly, to 5.75%

Gilt yields have gone berserk – up to 5.75% today. ET says its because the government is borrowing 50,000 cr.. But come on. 50,000 cr. is 1.25% of GDP. ...