Hyderabad

Naidu blames Rajasekhara Reddy for Satyam scam

Naidu blames Rajasekhara Reddy for Satyam scamHyderabad, Jan 14 : Former Andhra Pradesh Chief Minister N Chandrababu Naidu has said that greediness and mania for money of the present state Chief Minister Y S Rajasekhara Reddy were responsible for the fiasco of Satyam.

"This present Chief Minister has manipulated everything for his favour, for his greediness and also money," Naidu said here on Tuesday evening.

Naidu denied that in 2002 when his party was ruling the State, it knowingly ignored a report of irregularities in Satyam''''s performance.

Ranji Trophy Final: UP''s Bhuvneshwar and Mumbai''s Rohit star on opening day

Hyderabad, Jan. 12 : Uttar Pradesh fast bowler Bhuvneshwar Kumar and Mumbai''s star batters Rohit Sharma and Abhishek Nayar stole the limelight on the first day of the five-day Ranji Trophy final on Monday.

While Kumar captured his first five wicket haul in a final, Sharma rode his his luck to score an unbeaten 113. He was ably assisted by all-rounder Nayar, who fell one short of a well-deserved century.

Kumar stole the thunder from much more illustrious names and in-form players in the morning by reducing Mumbai to 55 for four, including consigning batting maestro Sachin Tendulkar to his first first-class duck in Indian domestic cricket.

Hyderabad court defers Raju''s bail plea hearing to Jan 16

Ramalinga RajuHyderabad, Jan 12 : The Hyderabad court on Monday deferred the hearing of the bail plea of Ramalinga Raju to January 16.

Besides Ramalinga Raju, the court also deferred the hearing of the bail plea of Ramalinga''s brother Rama Raju and Satyam''s Chief Financial Officer Vadlamani Srinivas.

All are in judicial custody till January 23 and have been lodged in the Chanchalguda Central Prison.

The Security and Exchange board of India (SEBI), which had also filed petition for quizzing Raju and the two others while they are in judicial custody, has been told by the court to defer it till the same date.

New Satyam Board to meet today

New Satyam Board to meet todayHyderabad, Jan 12 : The first formal meeting of the newly constituted board of Satyam Computers will be held here today to chart out the future course of action.

On Sunday, the government appointed three new members on Satyam''s Board. Three members are HDFC Chairman Deepak Parekh, former Nasscom chairman Kiran Karnik and former SEBI member C Achutan.

New York-listed Satyam welcomed the reconstitution of the board, saying it would ensure the outsourcer''s continued operations, help maintain customer confidence and staff morale, and restore investor trust.

Satyam chief Raju sent to judicial remand till Jan. 23

SatyamHyderabad, Jan. 10 : Satyam Computer''s disgraced Chairman Ramalinga Raju and his brother Rama Raju were on Saturday remanded to judicial custody till January 23. They will be staying in the Chanchalguda Central Jail.

The Raju brothers were arrested on Friday night and subjected to several hours of interrogation before being produced before the 6th Chief Metropolitan Magistrate at the judges'' quarters at Marredpally in Secunderabad on Saturday evening.

Satyam Raju, brother arrested

Satyam Raju, brother arrestedHyderabad, Jan. 10: Andhra Pradesh Police arrested disgraced former founder-chairman of Satyam Computers B. Ramalinga Raju and his brother and former Satyam MD B. Rama Raju on Friday night for cheating and forgery.

The Crime Investigation Department (CID) of the police arrested Ramalinga Raju and Rama Raju on charges of "criminal breach of trust, criminal conspiracy, cheating, falsification of records and forgery," said Director General of Police S. S. P. Yadav.

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