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Reading Raju's mind
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.

payday loans online
Johnson & Johnson Q2 profit dips to $3.2 bn
Consumer healthcare products maker Johnson & Johnson today reported a 3.6 per cent drop in profit at $3.20 billion for the three months ended June, mainly on account of overall fall in sales.

News of the day

Jyoti Basu in hospital, condition stable
Nonagenarian Marxist patriarch Jyoti Basu was admitted to a hospital today after he fell unconsious following acute breathing trouble.
Corporate

Rupee down 8 paise at 46.28 a dollar

The Indian rupee today depreciated by 8 paise to 46.28 against the US currency in early trade on expectations of capital outflows by foreign funds. - Bull run in commodities may continue - Rupee up by 8 paise at 46.29/$ in early trade - Talking up the dollar - Rupee down 10 paise at 46.57/$ in early trade - The top 10 business bestsellers - Massive dollar influx hurting Indian exports: FIEO At the Interbank Foreign Exchange (Forex) market, the domestic unit traded 8 paise down at 46.28 a dollar. The rupee ended 17 paise higher at 46.20/21 against the US currency in the previous session. Forex dealers said expectations of more capital outflows by foreign funds as stock market may open lower in tandem with weak Asian equity markets and demand for the US dollar from importers mainly put pressure on the Indian rupee. They said, dollar"s losses against other currencies contained the fall.


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