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“In India, companies may fall sick, but promoters rarely do!”

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President of the USA,Obama declares after taking Oath of Office ” We are Ready to lead once more !”

                            With over 2 million people assembled on National Mall in Washington to witness in person the Swearing in of Barack Obama as the 44th President of USA and with a record 1.3 billion people,over 20% of the World’s population, watching it Live in over 240 countries round the world,Obama declared : ” WE ARE …

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Satyam-Maytas Scam : Revealing Minutes of the crucial December 16,2008 Board Meeting to discuss and approve the acquisition proposal

The Minutes of the Crucial December 16,2008 Meeting of the Board of Directors of Satyam to discuss and approve the Maytas acqusition proposal are now in public domain Phew ! I read the Twelve pages of the Minutes and can only say this ! NONE IN THE BOARD WAS ABOVE BOARD ! The way the Meeting Progressed …

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Jaiprakash Associates : Executive Chairman,Manoj Gaur does not know the Debt to Equity quotient !

Was shocked to hear this morning on CNBC 18,Executive Chairman of Jaiprakash Associates,Manoj Gaur,confessing he was not aware of the Debt to Equity quotient in his Company ! On earlier being asked as to how much cash was there on the Books,he quickly stated “Rs 1500 crs” Mr Gaur,who’s running your Company if you’re not !? Mr …

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Possible Nature of Phantom and Fictitious Accounting Entries in SATYAM

Disgraced and jailed Promoter Chairman,Ramalinga Raju, of Satyam,confessed on January 7, 2009 that there is a huge cash hole of Rs 5040 crs in the Balance Sheet of Satyam as on September 30, 2008 and that for years he has been resorting to Inflating Revenues So what could be the Nature, Form, Impact and Effect …

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Was this how Ramalinga Raju of Satyam hoodwinked the Auditing Firm of Price Waterhouse for Years?

I am truly intrigued…sure all of you too are…. as to how Ramalinga Raju of Satyam got past the auditors,Price Waterhouse (PW) So when PW disclosed a few days ago that they had appropriate evidence to support the Satyam audit,it really got me thinking It would thus seem that PW must have seen the Bank’s Fixed Deposit Receipts which supported …

Was this how Ramalinga Raju of Satyam hoodwinked the Auditing Firm of Price Waterhouse for Years? Read More »

Sad that in a Country of 1.2 Billion People we have just 1 or 2….or 3 Business Role Models

Ratan Tata,Narayan Murthy and Deepak Parekh….Just Three Business Role Models who score top percentage on Personal and Business Ethics and Integrity and sense of Fairplay What about all the rest in Business !?…Yes,we are patriotic,yes we are sensitive and self righteous…..but many in Business may succumb to the adage ” What’s Integrity to Opportunity !” Something is adulterating our Value …

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