Billion Dollar's Secret- SATYAM

Its all about SAYTAM

The Irony lies in the name SATYAM, which means Truth
The Original truth is that Mr. Ramalinga Raju, the promoter-chairman of Hyderabad, Headquarters SATYAM Computers, also a Politically Connected person, who was lying FOr Years to the Employees, the share Holders, Building up to India's Largest Ever Corporate Fraud OF Rs.7000 Crore. SATAYM one of the top 4 IT company in India After TCS, INFOSYS, Wipro and Ahead of HCL.

How it All Started?

December 16:
SATYAM Announces its decision to acquire a 100% stake In MAYTAS properties and 51% stake in MAYTAS infra at a cost of $1.6 Billion.
It is seen as a move to bail out MAYTAS, which was also promoted by Ramalinga Raju

December 17:
Investors’ fury forces Ramalinga Raju to reverse buy out Move.


December 18:
Satyam Decides To Hold a Board Meeting on Dec. 29 to consider a proposal for a buyback of its share.

December 19:
Center seeks help from registrar of Companies to examine Satyam Maytas Deal which they thought raised the issue of violating the rules.

December 21:
SATYAM- MAYTAS fiasco puts focus on the role of independent directors who along with the board had unanimously given a go-ahead to the deal. With the new companies bill providing for 33% of such directors on the Board, questions are raised regarding their failure of carrying out their Duties.

December 23:
World Bank Prohibits SATYAM for 8 years from Doing Business on charges of Date theft. According to the World Bank It says SATYAM was banned for improper benefits to the bank staff and Lack of Documentation on invoices provided.

December 24:
SATYAM stocks dip by a sharp 19% hitting a 52 week low of Rs.114.65. Stock Loses it Value by 75%.

December 25:
Mangalam Srinivasan resigns for moral responsibility for not casting a nonconformist vote against the acquisition deal of MAYTAS. SATYAM demands an apology From World Bank.

December 26:
A speculation among the people raised that Raju may not lead the Board meeting scheduled which is to be held on December 29th.

December 27:
SATYAM puts off the Board meeting Scheduled on December 29th.

December 28:
Company considers inducting a strategic partner and selling out its shares in the $2 billion company. It announces the Appointment of DSP Merill Lynch to advice on strategic options to enhance the shareholder value. Recasting of Board of Directors was also designated.

December 29:
Two directors, Krishna Palepu and ISB dean Rammohan Rao resigns.

December 30:
Ramalinga Raju writes a letter to his Employees assuring them that company would be back on the right track. He made awareness among the employees that company did not go wrong. But it Went off.

December 31:
Managing Director B.Ramalinga Raju sends out yet another letter to SATYAM associates on New year eve stating at length, why they should be proud to be the part of SATYAM.

January 1:
Rumor’s circle around indicating that Raju may have used their 5.8 crore shares to borrow Rs.1200 crores

January 5:
Faced with uncertainty SATYAM employees consider buying shares of the company from the market in hope of saving it from a unsympathetic take over.

January 5:
SATYAM Promoters stock holding falls to 3.6% from 5.1%.

January 7:
The Bully Chairman Ramalinga Raju resigns.
All these happenings gave a good role to the Auditors of SATYAM Computers, PricewaterhouseCooper (PwC) who was making up the companies accounts for past 3 years a Lie. All one needs to prove is that auditor was a party of a fraud. If so, he can be booked under the Companies Act 1956, and The Charted Accountants Act”.

As of now the Buzz that Vivek Paul, the former Vice chairman of Wipro, might be potential CEO For SATYAM. But there is a chase for SATYAM CEO Between Vivek Paul and Jerry Rao , that who will turn as GAURDIAN ANGEL FOR SATYAM.

2:01 PM | 0 comments | Read More

HLL goes beyond condom; HLL now is a life caring unit.

The storm of great deep recession has not yet crossed the shore of companies, but there are a few companies which even withstood this strong storm. Hindustan latex limited has joined the crew by expanding its orgin.

Hindustan latex limited will soon be renamed as Hindustan life care ltd. HLL, has promised to provide life care solutions and not to restrict them self in the production of condom alone.

The state owned Hindustan latex limited has taken it has a chance to prove their ability producing medicines and providing life care. Hindustan life care ltd will be the highest vaccine manufacture of the country with a 100 core project.

The company has plans to build a medical park in tamil nadu chengalpet, where by it will turn out to be the countries biggest vaccine manufacture. The company has also decided to have a chain of hospital across the country.

By the year 2010-2011 the company has plans to become a 1000 core company from being a 250 core company. Sources also say that the medical park will be built in 500acre.

The medical park will be a integrated town ship for diagnostics, equipment, for disposable and devices and also knowledge and health care business outsourcing hub. This medical park is to be developed in 3 phases

The company is now vigorously appointing project consultants for the vaccine complex, which will make its grand great entry in vaccine sector. All this process is planned to be completed by the first quarter of 2011

The company has plans to set up small hospital across the country. The small hospitals will contain 20-25 beds. Those hospitals will provide all basic life care protection with child heath care and maternal health care service. The plan is open 30 such hospital across the nation and to have 140 hospital has franchise by 2012. These hospitals are set up mainly for low income group

HLL has already set up its first hospital in Hyderabad. The company has also appointed 11 consultants to give up Medicare in 11 medical college across the country. Apart from all this the company will also continue producing contraceptive, condoms and will also produce blood bags, pregnancy testing kit, malaria testing kit dengue testing kit and will also launch HIV testing kit.

This step will surly solve the problem of fear in the minds of people as most of the drugs will be available from one of the best manufacturer of the country. HLL must make sure that their drugs are available in all the parts of nation, without which hospitals and the medical aid provided will laterally be a waste of money

Being a producer of condom HLL was preventing life’s birth, Now HLL(Hindustan life care ltd) will care those life’s which were produced

1:59 PM | 0 comments | Read More

RBI to increase liquidity for housing sectors

Financial crises had no exception to real estate. Global meltdown melted the housing sector also. Apex bank of India has decided to uplift this sector which is adversely affected. Reserve bank of India has announced that it has planned to give more liquidity to Housing Finance Companies (HFC) which took a big blow.

RBI has planned to provide a refinance facility up to 4000 crores with which these HFC can come out of its recession which was caused due to global meltdown. This amount will be available for a period of 90 days by the time the banks can draw and repay says the central bank.

This refinance facility will be available up to 31st march 2010. Utilization of the facility will be governed by the policy approved by NHB (national housing bank). This decision was taken on Thursday on a board meeting held on kolkata. This meeting also discussed the various steps taken since mid September 2008 to preserve financial stability.

The meeting also reviewed the various causes of global meltdown. It also had a look over the steps taken by various economies to stop this melt down. RBI has also planned to fund the Indian export companies through EXIM bank.

Amazing information is that inflation has come down to 8% from its old position of 11.25% in last 8 months. This growth shows some signs of improvement in Indian economy.

RBI has taken several steps to control inflation unfortunately nothing was successful as it was expected to be. At least this step must give some improvement so that economy comes under control and we stop thinking about lay off.

1:55 PM | 0 comments | Read More

Donation - A Legendary Action.

Hello there,
Its a nice thing to Donate somebody for their Career, which makes them improve because of your part of Donation. If u do so, your are doing a Great Job. Great People only can do. Are you one of them? If so i am very gratuitous for that. Many People Have Money but they don't wish to donate. But people who has skill to do doesn't have money to come out as flying colors. Only few people has Both money and the broad mind of contributing others. If you are one of them, think of yourselves about your status in Life.

I am Gonna to tell you something useful for those who wants to make donation. Its very Easy to Donate others. Espeically for the website owners and Blog owners. Usually they will have donate button( alike in this website ) in their website who are in deficit funds. If u have paypal a/c. u can donate them easily.

You can follow these steps to donate if you have your own paypal a/c:

Just click on the donate button. You can see the page as shown below.

It will take you to the paypal donation page.If u have balance in your Paypal a/c, you can enter the amount that your gonna donate, and hit Update total. Then,Just enter your login Informations and click log in. Then it will show all ur details regarding the amount that you are gonna donate, ur payment method, Mailing address, Contact information. It is seen as shown Below.

After reviewing everything hit on Donate now.
Then your are done. You can see a message you have successfully Donated.

Follow these steps if you don't know abt paypal and don't have a/c. in paypal:
Paypal, a neutral website for the people who pays money and who gets paid. It allows any of the people to pay in their own specified way such as, by using credit cards, Debit cards, Visa card, Master cards, Bank accounts, etc. Its one of the Easiest and convenient way to pay or be paid. It is one of the secure way of paying others and get paid. So you can create a free account which this paypal offers everybody.

If you want to donate through paypal you should compulsorily have a paypal a/c.
After creating an account in paypal you need balance in your paypal account to donate others or to make other activities like paying others, purchase online etc.

To get balance to your paypal account you need to link your credit card or debit card or Master cards or Visa card. You can see the option of Link with your credit / Debit card option in your home page of paypal a/c. If you don't have the option of linking any of your cards, you can verywell link it with your bank account. It will ask for your bank details. when you fill all those details your are done. Don't ever get confused of your personal details being let out to others.Paypal doen't allow to any body. No body can take your account details. Not only account details no body can take any of your paypal details. Its that much Secure.

By doing that you can transfer your credit card balance or Debit card Balance to your paypal a/c. After doing that you get the balance shown in your homepage of paypal a/c.

Then comeback to my homepage and click the donate button. Now follow the steps already mentioned. See this heading already mentioned :You can follow these steps to donate if you have your own paypal a/c:" on the top of this post.

If you like this post pl do follow my website and get updated. Do ask me if u have any doubts on this.

12:28 PM | 0 comments | Read More

Terror terrors market.

Market may be affected

DALAL STREET, has a chance to go weak. Due to the terror attack in sub continent there is a chance for the stock market to get weak as the stock exchange is also set up in MUMBAI where attack had happened. This attack has a greater chance to shock the countries financial position, are the words given by experts.

The market may open in weak note but its not going to get closed on the same weak note. Even at the time of train bomb which killed more than 150 the marked didn't fall it was just a short of expected and it did not fall completely.


we must also note that the economic environment in 2006 is different from now. As this attack was aimed at foreign people, the market may have a sharp reaction. Both the place of trade was kept closed on Thursday as a notice said due to terror attack its better for people to say home.

psychological impact will surely be there on investors and the market may open on a weak note but its not going to remain the same. There are chances for the market to open in a dull way but there is no chance for the market to fall, there should be a positive impact on the market at least from Monday.

There is a chance for foreign investor to stop investment as of now, but surely this is not going to prevail more than a week we suppose. The impact of this attack will surely be seen clear by next week

Considering all the above conditions, i feel that there are very less chance for the stock market to get down, but there are chances for market to open in dull way. Which ever way it may be surely problems are on we must find the ways to solve them.

12:22 PM | 0 comments | Read More

RBI relaxes...

RESERVE BANK OF INDIA FINDS ITS NEW WAY TO IMPROVE BANKING IN INDIA

Reserve Bank of India the controller of the banks in India is now thinking to relax its restriction on the other commercial banks. This seems to be a good and healthy sign of the development of banking sector in India and hope to get more foreign exchange investments in banking sector.

Banks in India(including foreign banks)need not wait for Apex bank of the nation to approve its new branch opening nor wait for its license to open a new ATM.This is the on going discussion in the minds of central bank of India.



A larger part of the finance department is with the view that both Indian banks and foreign banks must be treated equally. so that its easy the for sub continent to meet its unmet ends in the field of banking.


We should give equal rights to foreign banks and instead of waiting for other nations to do the same.so that we easy attract more investors so that purpose of banking to attract investments and to lend loans happens very easily.

Same time, I hope RBI will vest its power to control the commercial banks so that it can easily control the banks if RBI finds commercial banks to be out of their way. Most attractive feature of this is it can easily liquidate money so that it will help RBI to handle the financial crunch.

RBI circle says that liberalization of banks is has been suggested by various panels including the very resent RAGHURAM RANJAN panel. RBI also speaks that, this is not a way to address the present financial crunch.

Another information form the side RBI is that, this is a way to have healthy growth and good competition. RBI can have the right to impose restriction for some reasons and this must be an exception and not a norm.

This relaxations may find an improvement in banking sector. Like those banks which have a lot of branches in south can concentrate its improvement the other part of the nation.

A notable point is that this relaxations may not have much impact now because most of the banks now are facing a major financial problem. This will have a great use after the time of recession, it will also prevent banks form falling into deep recession, as we saw that those banks which have a lot of branches didn't fall in the trouble of recession as compared to those branches which had less number of branches.

This is one way to have a good banking facility in rural areas. This relaxation has paved many ways of development and seems to have a good sign in banking sector. Might be its one good step taking by the central bank improve banking and also to have investments and to make the basic purpose banking easy. I feel this step will take banking facility as well as banking sector to have a good growth.

12:22 PM | 0 comments | Read More

Lending Rates Forced to Cut For Private Sector Banks

Reducing Lending Rates - Private Sector the Sufferer
Due to high competition in the Public Sector, the Lending rates of the private sectors will be reduced sooner. The Public Sector banks have reduced their Lending Rates by 75 Basis points. This has been altered by giving personal loans, Home loans etc. by the public sector Banks to the needy.

This has become an important measure for the Reserve Bank Who, should get recollected when they do a move in this Regard.

Alike the Public Sector Banks the Private Sector Banks should also be shown some interest in reducing their Lending rates.

Mr. P. Chidambaram, Finance Minister has given an added opinion about this Situation as not to blame the Private sector banks. The Private sector Banks has its own reasons for this level of cutting the lending rates, but he did not comment on those regard.

The Fast improvement in the Public sector Banks by slashing the Lending rates to 75 basic points made the Private sector Banks to blame. The Changes made in this Public Sector Banks will have an adverse effect over the Private sector Banks, by bringing down the lending rates. He also assures that this revolution in the Public Sector Banks will happen sooner or later.

Being the Fastest Growing Economy, When we take a look at the top 20 Banks in India, all the top 20 Banks are only the Private Sector Banks and not the Public Sector Banks. By just reducing the lending rates does not fetch up a good output for the Banks. But by making the Private Sector Banks to reduce the lending Rates may result in the good output as they were already at the top 20 among the people's Minds in India.

Though the Recession made a drastic change in the U.S Economy, It does not made any change in our Country. Our Finance Minister Said "Our Banks are 100% Safe".

It is not just a saying by the Lips, he mean What he says. The flow of foreign capital into India has slowed down will eventually reverse and rupee will find its true level as India remains the most attractive investment destination among the world.

12:17 PM | 0 comments | Read More