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Satyam Case: Ramalinga Raju, Others Ordered to Pay Rs 1849 Crore
The money needs to be deposited with Sebi within 45 days, while interest would be levied at 12 per cent per annum with effect from January 7, 2009 -- the day this mega-scam came to the light through a letter written by Mr Raju himself.
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Satyam Scam: SAT Revokes SEBI Order Against Maytas Infra
SAT revokes SEBI order against Maytas Infra involving unlawful gains worth Rs 59 crore in Satyam scam
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Ramalinga Raju: From Brushing Shoulders with Bill Clinton to Prison Cell
B Ramalinga Raju, the former chairman of Satyam Computer Services (SCSL) who had had the privilege of meeting former US President Bill Clinton, will now have to share a prison cell as a convict in India's biggest corporate fraud.
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Satyam Case: Ramalinga Raju, Others Ordered to Pay Rs 1849 Crore
The money needs to be deposited with Sebi within 45 days, while interest would be levied at 12 per cent per annum with effect from January 7, 2009 -- the day this mega-scam came to the light through a letter written by Mr Raju himself.
-
Sebi drops charges against three entities in Maytas Infra case
The Securities and Exchange Board of India (Sebi) has dismissed a case against three entities for their alleged involvement in the fraudulent and unfair trade practices in the shares of erstwhile Maytas Infra nearly five years ago.
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Maytas Infra settles dispute with Vedanta, withdraws plea in SC
Maytas Infra on Wednesday informed the Supreme Court that it has settled its dispute with Vedanta Aluminum and withdrew its petition against the UK-based company. Counsels appearing for Maytas Infra, now IL&FS Engineering and Construction Company, informed a bench comprising Justice H S Bedi and Justice Chandramauli Prasad that the parties ...
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Spat over inter corporate debt between Mah Satyam and Maytas Infra
More than 18 months after the accounting fraud at Satyam imploded, a former sister firm Maytas Infra is now asking for an amount of Rs 324 crore that it had lent to Satyam. Maytas has even asked the Ministry of Corporate Affairs (MCA) to help recover the money after both firms changed hands. The amount was discovered post examination of May...
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Maytas Infra selling 20% stake to Saudi firm
Nearly one year after finding itself in a mess post the Satyam scam, things are surely turning around for Maytas Infrastructure. The company is inducting SBG Projects (a member of the Saudi Binladin Group), as a co-promoter, by offering it 20 per cent in the company. The stake sale is expected to give Maytas expertise in a part of business ...
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Maytas Infra surges 20% after stake sale to Saudi firm
Maytas Infra on June21 soared 20 per cent to hit an year-high on BSE in morning trade, after a unit of Saudi Arabia-based Saudi Binladin Group agreed to buy 20 per cent stake in the company. Shares of Maytas Infra touched a 52-week high of Rs 253.40 a piece, up 20 per cent from previous close, on the Bombay Stock Exchange. But shortly after...
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PSU OMCs to be in focus ahead of EGoM on fuel prices
The board of directors of Reliance Communications (RCom) has given in-principle approval for induction of strategic/private equity investors into the company. The approval is for sale of up to 26% stake. RCom also said that its board had approved pursuing other appropriate strategic consolidation opportunities. An Empowered Group of Ministers (EGoM...
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PSU OMCs to be in focus ahead of EGoM on fuel prices
The board of directors of Reliance Communications (RCom) has given in-principle approval for induction of strategic/private equity investors into the company. The approval is for sale of up to 26% stake. RCom also said that its board had approved pursuing other appropriate strategic consolidation opportunities. An Empowered Group of Ministers (EGoM...
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Maytas Properties may go to strategic investor: Khurshid
The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.
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Hyderabad gets closer to its Metro, funding in place
L&T Metro Rail (Hyderabad) Ltd (L&TMRHL) Tuesday announced that it had achieved financial closure for the Rs.16,375 crore Hyderabad metro rail project, described as the largest ever fund tie-up in India for a public private partnership.L&TMRHL Chairman Y.M. Deosethalee told a news conference here that the financial closure for the 71-km...
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Saudi Binladen Group picks up 20% in Maytas
The city-based Maytas Infra, initially promoted by the kin of disgraced Ramalinga Raju of Satyam, on Saturday said Mauritius-based SBG Projects Investments, a part of Saudi Arabia-based Saudi Binladin Group will buy 20 per cent stake in the company.
-
Satyam Case: Ramalinga Raju, Others Ordered to Pay Rs 1849 Crore
The money needs to be deposited with Sebi within 45 days, while interest would be levied at 12 per cent per annum with effect from January 7, 2009 -- the day this mega-scam came to the light through a letter written by Mr Raju himself.
-
Satyam Scam: SAT Revokes SEBI Order Against Maytas Infra
SAT revokes SEBI order against Maytas Infra involving unlawful gains worth Rs 59 crore in Satyam scam
-
Ramalinga Raju: From Brushing Shoulders with Bill Clinton to Prison Cell
B Ramalinga Raju, the former chairman of Satyam Computer Services (SCSL) who had had the privilege of meeting former US President Bill Clinton, will now have to share a prison cell as a convict in India's biggest corporate fraud.
-
Satyam Case: Ramalinga Raju, Others Ordered to Pay Rs 1849 Crore
The money needs to be deposited with Sebi within 45 days, while interest would be levied at 12 per cent per annum with effect from January 7, 2009 -- the day this mega-scam came to the light through a letter written by Mr Raju himself.
-
Sebi drops charges against three entities in Maytas Infra case
The Securities and Exchange Board of India (Sebi) has dismissed a case against three entities for their alleged involvement in the fraudulent and unfair trade practices in the shares of erstwhile Maytas Infra nearly five years ago.
-
Maytas Infra settles dispute with Vedanta, withdraws plea in SC
Maytas Infra on Wednesday informed the Supreme Court that it has settled its dispute with Vedanta Aluminum and withdrew its petition against the UK-based company. Counsels appearing for Maytas Infra, now IL&FS Engineering and Construction Company, informed a bench comprising Justice H S Bedi and Justice Chandramauli Prasad that the parties ...
-
Spat over inter corporate debt between Mah Satyam and Maytas Infra
More than 18 months after the accounting fraud at Satyam imploded, a former sister firm Maytas Infra is now asking for an amount of Rs 324 crore that it had lent to Satyam. Maytas has even asked the Ministry of Corporate Affairs (MCA) to help recover the money after both firms changed hands. The amount was discovered post examination of May...
-
Maytas Infra selling 20% stake to Saudi firm
Nearly one year after finding itself in a mess post the Satyam scam, things are surely turning around for Maytas Infrastructure. The company is inducting SBG Projects (a member of the Saudi Binladin Group), as a co-promoter, by offering it 20 per cent in the company. The stake sale is expected to give Maytas expertise in a part of business ...
-
Maytas Infra surges 20% after stake sale to Saudi firm
Maytas Infra on June21 soared 20 per cent to hit an year-high on BSE in morning trade, after a unit of Saudi Arabia-based Saudi Binladin Group agreed to buy 20 per cent stake in the company. Shares of Maytas Infra touched a 52-week high of Rs 253.40 a piece, up 20 per cent from previous close, on the Bombay Stock Exchange. But shortly after...
-
PSU OMCs to be in focus ahead of EGoM on fuel prices
The board of directors of Reliance Communications (RCom) has given in-principle approval for induction of strategic/private equity investors into the company. The approval is for sale of up to 26% stake. RCom also said that its board had approved pursuing other appropriate strategic consolidation opportunities. An Empowered Group of Ministers (EGoM...
-
PSU OMCs to be in focus ahead of EGoM on fuel prices
The board of directors of Reliance Communications (RCom) has given in-principle approval for induction of strategic/private equity investors into the company. The approval is for sale of up to 26% stake. RCom also said that its board had approved pursuing other appropriate strategic consolidation opportunities. An Empowered Group of Ministers (EGoM...
-
Maytas Properties may go to strategic investor: Khurshid
The government on Friday said direct tax collection has surpassed the budget estimate of Rs 3.70 lakh crore for the 2010 fiscal.
-
Hyderabad gets closer to its Metro, funding in place
L&T Metro Rail (Hyderabad) Ltd (L&TMRHL) Tuesday announced that it had achieved financial closure for the Rs.16,375 crore Hyderabad metro rail project, described as the largest ever fund tie-up in India for a public private partnership.L&TMRHL Chairman Y.M. Deosethalee told a news conference here that the financial closure for the 71-km...
-
Saudi Binladen Group picks up 20% in Maytas
The city-based Maytas Infra, initially promoted by the kin of disgraced Ramalinga Raju of Satyam, on Saturday said Mauritius-based SBG Projects Investments, a part of Saudi Arabia-based Saudi Binladin Group will buy 20 per cent stake in the company.
