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Stock Market Books
Jan
7
Accounting changes saves Kingfisher Rs 744 cr
Posted on: January 7, 2009 at 5:34 pm
Private carrier Kingfisher Airlines saved close to Rs 744 crore (Rs 7.44 billion) during the six-month period ended September 30, due to some changes in its accounting methods, in the absence of which the losses suffered by the Vijay Mallya-promoted company would have been about Rs 1,400 crore (Rs 14 billion).
The company informed the Bombay [...]
Jan
7
Satyam to be stripped of corp governance award
Posted on: January 7, 2009 at 5:25 pm
Satyam Computer Services, in the eye of a storm for financial wrong doings, will be stripped off the Golden Peacock Award — the very laurel it used for trumpeting its corporate governance norms when the controversy broke out.
“In wake of unfloding events which is most unfortunate, we have decided to take away the award from [...]
Jan
7
Satyam fiasco: CII shocked
Posted on: January 7, 2009 at 5:17 pm
The Confederation of Indian Industry on Wednesday expressed its shock and disappointment at the disclosures made by B Ramalinga Raju on the financial position and financial statements of Satyam Computer Services.
CII believes there is a need to immediately examine the loopholes in regulation, accounting, audit and governance that allowed such lapses to occur and address [...]
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