Biggest corporate fraud: Satyam files suit against PWC

 Mon, 09 January 2012
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18:23
On the WSJ: Congress's unending woes with allies. Read Early today, the Trinamool Congress held a public rally, and bluntly asked its ally, the Congress to choose its manner of exit from the alliance in West Bengal. Some of them (Congress leaders) are saying that the party does not exit from...
18:18
On Firstpost.com: Congress brand is in trouble: it's a shell without sub-brands. Read
18:05

Why iPad owners burst out in hysterical laughter at the Aakash

Some reasons... A 7-inch screen without multitouch. A battery that lasts a little under three hours. A processor that runs at a tenth the speed of iPad 2's A5 chip Just two gigabytes of storage all running a four-year-old version of the Android OS and crammed into a chunky case reminiscent...
17:59

Is Team Anna lost without Anna?

On Firstpost.com: The anti-corruption movement is all but over. Its roar is long gone -- in our fast times one month surely is a long time -- and the whimper is likely to linger for sometime. It's not necessarily bad for the country. It needs such movements but with better clarity of purpose, a...
17:46
Shobhaa De on Twitter: Oprah to be hosted in Mumbai at a swish black tie dinner on the16th. The party isn't being thrown by any of the wannabe socialites. Guess who?
17:44
President Pratibha Patil has arrived at the Pravasi Bharat Divas in Jaipur. Read on rediff.com: At PBD Modi dumps his speech, says Oppn-ruled states neglected.
17:38
Also read on rediff.com: How Tech Mahindra turned around Satyam.
17:35

Remember the Satyam story?

It's a while now, but at Rs 8,000 crore, the 2009 Satyam story was the country's biggest corporate fraud following the shocking disclosure of accounts fudging by its founder Ramalinga Raju, who then quit as chairman - leaving an uncertain future for the company and its 53,000 employees.By...
17:25

Satyam files suit against PWC for 'perpetrating fraud'

Just in: Satyam files suit against former Board of Directors, certain employees and Price Waterhouse seeking damages for perpetrating fraud. The suit has been filed in a city civil court, Hyderabad and seeks damages for perpetrating fraud, breach of fiduciary responsibility, obligations. 
17:21
By the way, if you happen to be in Mumbai: Arundhati Roy speaks on capitalism: A Ghost Story. At St Xavier'sCollege on January 20 at 6 pm. See
17:10

Cong promises 9 per cent sub-quota for Muslims in UP

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And speaking of the UP polls, Union Law Minister Salman Khurshid said the Congress would provide nine per cent sub-quota for backward Muslims if it was voted to power in the coming Uttar Pradesh assembly election. The Congress leader promised this while addressing a poll meeting yesterday in...
17:07

Jaitley: TMC's behaviour shows end of alliance with Cong

Back to Arun Jaitley's press meet. Says that the way the TMC is behaving, its seems like the beginning of the end of the alliance. He said the Congress has not even found an ally for the UP polls.
17:04
Mrityunjoy Kumar Jha on Twitter: Hain..Anna's village sarpanch to contest on NCP ticket.
17:03

Vrindavan widows denied dignity even in death

The shocking story in The Hindu on the widows of Vrindavan: Bodies taken away by sweepers, cut into pieces and disposed of in jute bags! Read
16:56

World's most disfunctional family (Simpsons) aims for Guinness

This February, The Simpsons could break another world record. In celebration of the cartoon's historic 500th episode milestone (Sun., Feb. 19), Fox is inviting The Simpsons' lovers to participate in a marathon that will hopefully lead to a new record for the longest continuous television viewing....
16:52

Australia eases sanctions against Myanmar

Quick takes:In an apparent recognition of the important steps taken by Myanmar's junta towards transition to democracy, Australia is cutting down some economic and travel sanctions imposed on it.  Turkey has called on the Syrian opposition to continue its resistance against President Bashar...
16:49
In other news: In a blogspot telling called, Ambani Brothers Fight: There is a new media magnate in town and his name is Mukesh Ambani. One of the learnings transposed from the battle with his younger brother Anil was that media had to be controlled. Younger brother Anil used the media to his...
16:44

Jaitley: UPA lacks the ability to govern

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Right now, BJP senior leader Arun Jaitley is addressing the media in New Delhi. Says much of what he did after the Lokpal debacle in the Rajya Sabha, that the UPA lacks the ability to govern and the Congress and the government are not on the same page. Yet again, he says the CBI is being misused...
16:40

Rahul Gandhi has no prospects of becoming PM: Thackeray

Targeting AICC general secretary Rahul Gandhi, Shiv Sena chief Bal Thackeray said the Congress leader has no prospects of becoming Prime Minister of the country. Never. Its not possible, Thackeray said in the second part of his interview to his party mouthpiece 'Saamna', when he was asked...
16:29

Streetfighter TMC at anti-Cong rally: Doors open for exit

Early today, the Trinamool Congress held a public rally, and bluntly asked its ally, the Congress to choose its manner of exit from the alliance in West Bengal. Some of them (Congress leaders) are saying that the party does not exit from the back door, but the main entrance. We are telling them...
16:25
India blogs on the New York Times:  Why NRIs Are Also NVIs (Non Voting Indians). Read  The Mullaperiyar Dam controversy: A war of words over water. Read
16:12
On Thursday, Darul Uloom Deoband has issued a fatwa against manufacturing and selling of firecrackers, saying it was against Sharia law.Manufacturing and selling of firecrackers is against Sharia law, and bursting of crackers is misuse of money, the fatwa said, adding that men who misuse money...
16:10

Cancel visa of Satanic Rushdie, Deoband warns govt

Opposing controversial author Salman Rushdie's visit to India, Islamic Seminary Darul Uloom Deoband today said the government should cancel his visa as hehad hurt religious sentiments of Muslims in the past. Rushdie (65), who had earned the wrath of Muslims worldwide due to his novel...
16:06
Who is where... External Affairs Minister S M Krishna is in Israel on a two-day visit, the first by an Indian Foreign Minister in over a decade, that comes amidst political turmoil in the Middle East.  Vice President Hamid Ansari, is on a three-day tour to Gujarat, where he visited...
15:53

And notable others in the battle for UP

Other prominent leaders to campaign in UP for BJP are LK Advani, Sushma Swaraj, Arun Jaitley and Murli Manohar Joshi. However, they are likely to keep away from those constituencies where tainted candidates like Shakshi Maharaj, Chhatrapal Singh, Bhadshah Singh and Daddan Mishra have...
15:51

BJP pulls out all stops, to field ailing Atal, controversial Modi

Here's the action in UP...Former Prime Minister Atal Bihari Vajpayee, seriously ill for the past two years,and Gujarat Chief Minister Narendra Modi, who did not canvas in the Bihar polls due to objections from ally JD(U), figure in the BJP's list of election campaigners. Vajpayee's name is...
15:32
The five states going to the polls are Punjab, Uttarakhand, Uttar Pradesh, Goa and Manipur. While polls in four states will be single phased, the crucial Uttar Pradesh polls have been staggered in seven phases.
15:27

Counting of votes for all five states on March 6, says EC

The Election Commission has announced that the counting of votes for all the five states will be on March 6. The earlier date was March 4.
15:25

Govt told to provide visa, security to Pak memogate bizman

In other stories: A Pakistani judicial commission investigating the memo scandal today directed the government to issue a visa to Pakistani-American businessman Mansoor Ijaz so that he could come to the country and appear before the panel. The three-judge commission formed by the Supreme...
15:21

Just two years to live, Stephen Hawking turns 70

On the occasion of Stephen Hawking's 70th birthday, his friend and colleague Martin Rees tells the story of his illness, the brilliance of his discoveries, and why he has become a cult figure. Read the essay on the Daily Beast.
15:19

A year after revolution, Mrs Mubarak lives in luxury

On the Daily Beast: The true villain of Egypt -- former First Lady Suzanne Mubarak controlled the country behind the scenes, profiting from its misery. A year after the revolution, she still lives in luxury. Read
15:12
Also on the Daily Mail: The chilling tale of a woman who burdened her daughter with a horrifying secret -- her mother wanted to kill herself. Read
15:08
On the Daily Mail: Woman, 25, is trapped in body of a 12-year-old. Read
14:57

Aspirin and cancer: Will a tablet a day keep tumors at bay?

Aspirin has been on the market for over a century, and its major chemical ingredient has been in medical use for more than 3,500 years, yet it's still the subject of intense scientific study and controversy. It earned its good name from its ability to relieve pain, soothe arthritis, and reduce...
14:53

The man who wants to translate the world wide web

Read and watch the video on cnn.com: The man who wants to translate the web into every major language, every webpage, every video, and, yes, even Justin Bieber's tweets.
14:50
Fareed Zakaria, Editor, Newsweek International and columnist on China's   China's disappearing TV shows. Read
14:43

That butt-breaking Ambassador is now cool...

For readers of a certain age, who were ecstatic at the launch of the Maruti 800 and the farewell to the Ambassador (whose brake pedal one had to stand on to make the car stop), it's strange to read that the car is now a metaphor for cool and kitsch. (Never mind the slipped disc at the end of...
14:34

Now, a drone that can deliver cargo in terror-prone areas

The third story on drones today. The US military reveals revolutionary pilotless cargo drone that can deliver supplies to territories plagued by roadside bombs. On the Daily Mail.  Also read the 12:27 and 11:33 posts.
14:20

'Martyrdom' of Osama and jihad essays in new Pak magazine

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Al-Qaeda continues to preach jihad or holy war through an Urdu monthly magazine that is delivered to homes in cities across Pakistan by post. The 200-page magazine, Hiteen, is named after the battlefield where Sultan Salahuddin Ayubi defeated the Crusaders and features articles that preach...
14:12

Iran hands out the death sentence for US 'spy'

American Amir Mirzaei Hekmati, on trial in Iran for espionage, has been sentenced to death, Iran's semi-official Fars news agency reported today. A court convicted Hekmati of working for an enemy country ... for membership in the CIA and also for his efforts to accuse Iran of involvement in...
14:09

Here's what Rahul Gandhi is doing in UP today

Here's Rahul Gandhi's travel schedule in Uttar Pradesh. The Congress general secretary began his campaign trail on January 7 and is expected to end it on the 11the 1030: Assembly Meeting Bapu Inter College, Salempur, District Deoria1200: Assembly Meeting Srikrishna Intermediate College...
14:05
On the Wall Street Journal: Cricket commentary veers off target. Read
14:02

How the Chinese built a 30-storey hotel in just 15 days

On the Daily Mail: How the Chinese built a 30-storey, 183,000-square-foot hotel in just 15 days, or 360 hours. Read
13:54

Musharraf calls for rescue of Pakistan-US relations

On reuters, an interview with , former Pakistan president Pervez Musharraf who says wrgent action is needed to salvage Pakistan's dire relations with the United States. Musharraf announced he will return to Pakistan end of this month. Read
13:45

I owe it all to my father, says Hawking on 70th birthday

In other news:   The world's most famous living scientist -- Stephen Hawking missed his own 70th birthday party yesterday at Cambridge University on doctor's advice. He was recovering at home from an infection that had put him in hospital for a few days last week. Nevertheless, he used...
13:33

Aarushi's dad Rajesh Talwar to remain on bail, orders SC

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The Supreme Court today heard the bail plea of dentist Rajesh Talwar who has been asked to face trial along with his wife for allegedly murdering their daughter Aarushi and domestic help in 2008. A Bench of Justices A K Ganguly and J S Khehar, which had dismissed the couple's plea to quash the...
13:31

Aarushi's dad Rajesh Talwar to remain on bail, orders SC

Just in: The Supreme Court asks Rajesh Talwar, a prime accused in the double murders of his daughter Aarushi and servant Hemraj to remain on bail and has ordered him to appear before the trial court on February 4.
13:28

Malayaysia leader's next stop after sodomy charges dropped: India

Malaysian opposition leader Anwar Ibrahim, who was acquitted today of sodomy charges by a court here, may visit India soon. Inshallah my wife and I will leave for Mumbai after the court delivers its decision on Monday, the Opposition leader had told a gathering outside Kuala Lumpur on the...
13:22

Relief for Sahara as SC admits Rs 17,000 cr refund plea

Just in: The Supreme Court has admitted Sahara's plea against a tribunal order to refund around Rs 17,400 crore to its investors. In effect this means a stay on the Securities Appellate Tribunal order will continue till further directions, says the SC.In November, the Supreme Court stayed the...
13:15
FYI: The first phase elections in UP is rescheduled to March 3.
13:14

'Comatose' ex-minister Sukhram gets bail till January 16

The Supreme Court has granted interim bail to former union telecom minister Sukhram till January 16. The Apex court also grants bail to former bureaucrat Runu Ghosh and businessman P Rama Rao.  Sukh Ram, convicted in a 1993 telecom scam and ordered to surrender, has slipped into a state of...
12:51

Left to die in the sun, will she be Afghanistan's next prez?

On the Daily Beast: The searing story of Fawzia Koofi, who was left out to die in the sun as a baby girl, but went on to become the first female deputy speaker of the Afghan Parliament. The author of the new memoir The Favored Daughter tells her story. Read
12:38

Team Anna meets to decide way ahead, Hazare stil unwell

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Amid 'confusion' on how to take the movement forward, Team Anna's Core Committee met here today sans ailing Anna Hazare to decide on their futurestrategy. This is the first meeting of the Team after Hazare called off his agitation programmes for a strong Lokpal last month. Arvind...
12:32
On the New York Times: An essay on the Pakistan's memogate envoy: Hussain Haqani -- A diplomat in a gilded cage, feeling trapped and not entirely safe. Read
12:27

Power restored in some parts of freezing Kashmir Valley

Freezing cold prevailed in Kashmir Valley today where Gulmarg recorded a low of minus 14.5 degree Celsius but there was some respite for people of the city and parts of north Kashmir as electricity was restored after three days. Communication woes, however, continued for the people of the...
12:27

After 2-month lull drone strikes to resume in Pakistan

Just as the New York Times reported that the militancy had increased in the last two months since the drop in drone attacks, the CIA  today said it is likely to resume drone strikes that were apparently halted following the deadly November 26, 2011 NATO airstrike on Pakistan's border...
12:17
On the Telegraph, Calcutta, Sujan Dutta on the issue of General VK Singh's age.  Read
12:12
On Twitter: Shekhar Kapur's blog to his daughter Kaveri. Beautiful read. See
12:10
Image guru Dilip Cherian on Twitter: Covering elephants is a mammoth task. One reason why EC reschedules UP polls?' lol
12:08

Haqqani to escape punishment even if link with memo proved:Lawyer

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News of the other Haqqani.Pakistan's former envoy to the United States Husain Haqqani's lawyer Zahid Hussain Bukhari has said that his client will escape punishment even if the ongoing Memo Gate probe establishes a link between him and the memo.Bukhari has denied that any link exists between...
11:54

CPI(M) calls the EC's great elephant cover-up irrational

As the Election Commission begins the great elephant coverup in UP, Communist Party of India leader D Raja has slammed what he says is an irrational exercise by the EC.  I think the decision of the Election Commission covering the statues of elephants and Mayawati appears to be very...
11:44

US will allow Haqqani network to be part of Afghan peace talks

More news on Pakistan: The US has taken Pakistan into confidence about involving the Haqqani network in the sustained 'dialogue' on the Afghan peace process despite Pak-US ties suffering serious setbacks after the deadly November 26 airstrike.Sources told the Express Tribune that the move comes...
11:39

2G: HC notice to CBI on Chandra's plea against charge framing

The Delhi High Court today issued notice to CBI seeking its response by March 13 on the plea of Sanjay Chandra, MD of Unitech Ltd and an accused in 2G case, for quashing of charges framed against him by the trial court. Issue notice to CBI, a bench of Justice M L Mehta said. Chandra had...
11:33

'Lull in drone strikes has emboldened Pak militants, Qaeda'

A nearly two-month lull in American drone strikes in Pakistan has helped embolden Al Qaeda and several Pakistani militant factions to regroup, increase attacks on Pakistani security forces and threaten intensified strikes against allied forces in Afghanistan, the New York Times reported on Sunday...
11:28

I am not afraid to return to return to Pak: Musharraf

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In other news, former Pakistan president Pervez Musharraf has announced that he will return to Pakistan later this month.   There are efforts to scare me, but these people don''t know that I''m not among the afraid, Musharraf told a rally of about 8,000 supporters in the commercial centre...
11:23

BJP's 3-pronged attack on UP: Modi, Gandhi, Uma to campaign

Our Delhi correspondent says that Gujarat chief minister Narendra Modi, Varun Gandhi and Uma Bharti are likely to be the BJP's star campaigners in UP.
11:13

Indian student missing since January 1

Gurdeep went out with friends on the night of January 1. He was seen leaving the Sankeys nightclub in Manchester, on his own, at 2.15am the following morning. The police now believe that Gurdeep was picked up by a taxi from outside the nightclub. The taxi returned to the area, without...
11:12

After Bidve's murder, Indian student missing from UK

Good morning. In the aftermath of Anuj Bidve's tragic murder in Manchester, here's another cause for worry. The Greater Manchester Police looking for a 20-year-old Indian-origin man, who has been missing since January 2, today said that a taxi driver may hold vital information about...
10:59

Headlines this morning

India eyes overseas jobs, plans to ink pacts with EU, Oz (The Times of India)Speaking at Pravasi Bharatiya Divas, PM said the govt has been trying to get greater access for Indian workers to developed markets such as the US and EU. ReadNRIs will get right to vote; pension fund for overseas...