Financial Acronyms > SEBI
The following information is about SEBI.
SEBI? A Basic Definition
Securities and Exchange Board of India
Raju confesses to fraud, quits
Published January 8, 2009, 9:29 am, Business Standard India
Disclosure after DSP Merrill Lynch discovers irregularities; Company sets up SWAT team. In one of the darkest days in India’s corporate history, Satyam Computer Services Founder and Chairman B Ramalinga Raju resigned after saying he falsified earnings and assets.
Govt gets down to fact-finding
Published January 8, 2009, 9:19 am, Business Standard India
The corporate affairs ministry, which regulates companies registered in the country, is verifying facts relating to ‘overstatement of profits’ by Satyam Computer, and will initiate action against the management and external auditor of the Hyderabad-based software firm based on its findings.
Govt tightens noose around Satyam
Published January 8, 2009, 6:59 am, Business Standard India
There was no respite today for the founder and Chairman Ramalinga Raju and management board of the beleaguered Hyderabad-based Satyam Computer Services with government and regulatory bodies tightening their grip to unravel the extent of falsifying of accounts to which Raju had admitted on January 7.
Financial Scandal at Outsourcing Company Rattles a Developing Country
Published January 8, 2009, 5:50 am, New York Times
Satyam Computer Services, one of India?s largest outsourcing companies, significantly inflated earnings and assets for years, the chairman said before resigning.
Financial Scandal at Outsourcing Company Rattles a Developing Country
Published January 8, 2009, 5:43 am, The Sarasota Herald-Tribune
Satyam Computer Services, one of Indias largest outsourcing companies, significantly inflated earnings and assets for years, the chairman said before resigning.
Satyam: Min promises strictest action
Published January 8, 2009, 4:11 am, rediff.com
Noting that the market regulator Sebi and the Registrar of Companies are already on the job, the minister said, "As far as the auditors are concerned we have asked ICAI to take strictest possible action against the erring auditors." While a team of Sebi has already reached Hyderabad, headquarters of Satyam Computer, the government has asked the RoC to look into the matters concerning the erring ...
Financial Scandal at Outsourcing Company Rattles Rivals
Published January 8, 2009, 3:28 am, New York Times
Ramalinga Raju was contrite, sort of.
Fraud investigation office to look into case
Published January 7, 2009, 2:00 pm, The Hindu
NEW DELHI: Warning of stern action under the law against the guilty, the government on Wednesday announced that the case of “financial bungling” by Satyam Computer Services would be referred to the Serious Fraud Investigation ...
Satyam admits to Rs 8,000 crore scam
Published January 7, 2009, 1:15 pm, Navhind Times
HYDERABAD- In the country’s biggest corporate fraud involving about Rs 8,000 crore, iconic IT company Satyam was on Wednesday hurtling towards disaster following the shocking disclosure of accounts fudging by its founder Mr Ramalinga Raju, who then quit as the chairman - leaving an uncertain future for the company and its 53,000 employees.
There is a hole in my books, dear investor
Published January 7, 2009, 11:39 am, The Hindu
Accounting fraud is impossible without the knowledge and connivance of a company’s accountants. We have just come to know of a gap in Satyam’s financial statements. For the first time in living memory, an iconic company in India is facing collapse because of financial reporting failure.
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Off-site SEBI Links, User Submitted
The following links have been collected through user bookmark submission in the SEBI category. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
Thu Jan 8
Wed Jan 7
- Satyam's Raju untraceable, SEBI team in Hyderabad- LATEST NEWS-The Economic Times
- SEBI orders probe into Satyam market operations- Software-Infot ech-The Economic Times
- FAKING NEWS: Satyam Chairman Ramalinga Raju appointed SEBI Director: Sources have informed Faking News that Ramalinga Raju could also head the parliamentary committee on corporate governance as a special member. Mr. Raju could also deliver a lecture on ?how to balance a balance-sheet? at IIM Ahmedabad where bulk of the students are engineers and regularly face trouble creating a sense-making balance sheet.
- SEBI reviewing options on Satyam | Business News | Reuters
Mon Dec 22
Fri Dec 19
- Differential loads on MFs may be history - ET: 18-Dec-08 THE Securities and Exchange Board of India (Sebi) is set to discontinue the differential loads on high value investments. Retail investors subsidise large corporate investors as the latter are exempted from paying an entry load. SEBI may soon approve variable entry load.
Wed Dec 17
Tue Dec 2
Wed Nov 26
Tue Nov 25
Mon Nov 17
- Sebi@Ukulele: The Rock Show: This is my first entry to the BUSHMAN WORLD UKULELE VIDEO CONTEST 2008. The song is somewhat autobiographic al for me, because I met my love at a rock show. Btw, by the time I made this video, I've been playing ukulele for 4 days. Please bear with me and enjoy this Blink 182 ukulele cover.
Mon Nov 10
Sun Oct 19
Off-site Sebi Research Links
If you still need additional information on Sebi then we suggest the following off-site resources. Please note, because these resources are off-site we cannot guarantee the accuracy or quality of any information.
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