According to Economic Times' reports, Kiran Karnik, the government-appointed Chairman of the scandal-ridden Satyam Computer Services said that up to 10 percent of the company's 48,000-strong workforce might be rendered redundant, as the founder had hired excessive staff to conceal the monetary scam at the firm.
The proposed move of downsizing the staff comes after mid-sized outsourcer Tech Mahindra Ltd - the highest bidder of this week's bid for a controlling stake in the Satyam Computer - took over the company.
Hyderabad, Apr. 10 : Congress General Secretary Rahul Gandhi is scheduled to address various rallies across the Andhra Pradesh on Friday and Saturday.
Andhra Pradesh is getting ready for the first phase of polling on April 16.
Rahul Gandhi will address public at Maylavaram in Krishna District and Wyra in Khammam District on Friday afternoon.
He will also try to generate public support by interacting with the masses at Devarakonda in Mahabubnagar District and Qutbullapur in Ranga Reddy District in the evening.
The commercialization of generic equivalents of Lanthanum Carbonate - Fosrenol(r) - tablets is on the cards, thanks to collaboration between the Mumbai-based pharma biggie, Lupin, and the Hyderabad-based integrated pharmaceutical and bulk chemicals' manufacturer, Natco Pharma.
Talking about the Lupin-Natco collaboration for Fosrenol(r), a Natco spokesperson said that the accord will help Natco battle a patent lawsuit recently filed by the Fosrenol(r) innovator - the UK-based firm, Shire Plc.
Hyderabad, Apr 9 : The Central Bureau of Investigation (CBI) on Thursday collected the specimen signatures of Satyam Computers Chairman B Ramalinga Raju and four other accused in connection with the 7,800 crore fraud at the IT major.
The CBI obtained 60 signatures each of B Ramalinga Raju, his brother Rama Raju, ex-Chief Financial Officer Vadlamani Srinivas and the two sacked auditors of PriceWaterhouse, S Gopalkrishnan and Talluri Srinivas, in the presence of the Additional Chief Metropolitan Magistrate.
Recent case of vulgar ragging at Osmania Medical College (OMC) once again highlights the issue of raging in campus. Despite the various constitutional laws and efforts of educational intuitions new college students are still harassed by seniors.
On April 2, around 10 pm, 26 first year students were called by their seniors on their mess terrace. The students were asked to "strip and perform obscene acts" by their seniors.