Satyam Computers Chairman quits, admits fraud
The chairman of India’s Satyam Computer Services Ltd. quit on Wednesday after admitting the company’s profits had been inflated for several years, sending shares of the software services provider plunging by more than 70 percent.
The company’s balance sheet was loaded with “fictitious” assets and “non-existent cash,” Chairman B. Ramalinga Raju said in a letter to [...]
Terrorist Attacks in India
Militants armed with automatic weapons and grenades attacked luxury hotels, hospitals and a famous tourist cafe in India’s commercial capital Mumbai late on Wednesday, killing at least 101 people.
Facts & Figures:
In the recent past, India has been badly hit by the bomb blasts in 2008. Here is the list taken from Yahoo.
Nov 26: Mumbai Terrorist [...]
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