Ramalinga Raju Admits 7000 Crore Fraud

Satyam Which has been in troubled waters for sometime now suffered the worst blow any company could  get when its chief ramalinga raju confessed that all these years the accounts shared with the share holders and  investors were inflated . Its clear now that  maytas Deal was a cover up used for filling  the gap between the balance sheets and the actual money that was available with the company .

It actually comes as an  absolute shocker that a company as big as satyam which is even listed in New York stock exchange could come under the scanner for a fraud of such a huge sum . ofcourse , thousands employees who make the company aren’t responsible but ultimately its the brand name SATYAM that takes the toll . And the investors and the employees are the ones who suffer in turn .

This news , yesterday, spread like a wild fire and the investors reacted within no time to take out the money . The company  shares had a free fall from a value of  170 to mid 30s , almost77  percent down . This is  expected to go further  down .Somewhere i even read that the shares could touch a value as low as zero .

The repercussions of this whole event Could be huge . Indian market which is already reeling under the effects global recession is gonna get severe blow even though they are going to remove Satyam stocks from NIfty. This Could shoo away lots  of NRI and foreign investors who have been the main reason behind the massive IT development in the last few years. Think about the 50k employees of the company.They are no more secure. and finding a job is difficult these days even for the experienced lot .

And there are around 8ooo freshers (2008 passouts)Who have been recruited by satyam and almst 80 percent of them are yet to join . Being a fresher myself i know how it would feel . Many of them had taken huge loans an the  only way replay was to join Satyam . And now under all these circumstances , chances of them getting joining are very less . And the job market isnt helping either.

After all this when the main culprit ,who is responsible for all this , will be given a punishment he will be out again in bail.I think Its high time that we have stricter  laws for dealing with these kinds of cases . He has played with  thousands of peoples life .

HAPPY NEW YEAR !!!

Sorry for being irregular in blogosphere these days .My office shift timings doesnt  allow me to do anything else other than  sleeping  😛 . However i have taken a new year resolution that i will be active from now on 😛 .

This is my first post of the year and i hate to say that it is going to be a Tag 😛 .No , Dont curse me . Its raining tags these days . People are getting more and more creative  by finding new ways to do tags 😛 .

Assuming that i am not weak in mathematics , I can be sure that i have more than 6 tags remaining . And if i include the fact that i have been tagged to do same meme multiple times the count can go beyond 10 😥 .

Well ,lets start

Vishesh has tagged me to write words starting with N

NATASHA -Well thats the first word that comes to my mind. Natasha was one of best looking girls of my school. Before You jump into conclusions Let me clarify that it has nothing to do with crush or love .  The reason why this word is here is known to 5 of my school friends and i would like to keep it that way 😛 .

NEW YEAR – This word is here for obvius reasons . Happy  new year once again 😀  .

NO/ NEVER –  These are the Words that are very difficult to say especially to friends.

NEAT – This word never goes well along with me  . Dont take it too literally 😛 . I do take bath  daily 😛 . I was talking about my room and things around .

NAME  – Everything in this world gets an identity through this word .

NIGHTMARE – My nights are incomplete without a nightmare . I have faced everything  in  my dreams from my chemistry teacher to dementores :P.

Arpit tagged me to write words starting with T

TECHNOLOGY – This has changed the way we do things . Imagine a days  life without technology  !!

TIME – The most important thing these days next to money  😛  Time and tide waits for no one so manage ur time properly and keep blogging even if u are busy 😀 .

TITANIC : – The most overrated ship movie of Hollywood 😛

TASHAN –  Worst movie in the history of indian cinema 😆 .

TRUST – The most important factor in any relationship .

TELEPORT – I need a teleport device right now .

Phew!!! Writing a Post has become more arduous than ever . MY PC is a wreck . It sucks . My keyboard isnt working properly , the Processor is  slower than a snails movement . Even 8085 microprocessor would be faster.

Anyways  i guess its not the right place and time to crib.

Nice to be back 🙂 !

Have a Happy and Prosperous year ahead .

PS : Ignore my spelling mistakes 😛

Merry Christmas !!!!

Merry Christmas 🙂

WHEN TERROR STRUCK MUMBAI !!!!

TAJ UNDER ATTACK

60 hours of terror that shook not just mumbai but also the whole nation ,not to forget the other countries ,is finally over . Mumbai is free . Its not that terror is new to our country but the scale of this one in particular has left us appalled and speechless . When was the last time we were glued to our TV sets day and night changing one news channel to other . When was the last time mumbai came to a complete halt for 2 days .

The more i think about it , the more I feelsick. I mean , anyone can come to our country and kill a couple of hundred people . As a citizen of a country there’s nothing more disturbing that this . Is there any place that is secure . Anyone could would walk in to the station and go on a rampage . Five star hotels are under seige so  no point  thinking about the security of normal hotels. A complete lapse of security . Cctv footage shows two terrorist carrying guns and entering the railway station . A railway station as busy as that one has no one guarding it.What a shame!!

IT has been complete failure of intelligence  . ITs not the first time . There have been many terror attacks in the last couple of years . There’s no excuse for this .What’s the use of having such a team when they are not able to avert these kinds of attacks .

I really dont know what these terrorists are trying to achieve by killing innocent people . These inhumane bastards are out of their mind . ITs really shocking to know that the terrorist who has been caught alive says that he has no regrets in killing people . What a coward!! These guys shoot kill people without any guilt and when they are given death sentence ,human right activist come and fight for them . This is  so silly .

Pakistan taking a U-turn and refusing to send ISI cheif is not at all surprising .Infact i would have been surprised if he had come . India-Pak relations are  only going to get worse . Pakistan government always says that they will co-operate with india in removing terror but why dont they do something about the militants in the pakistan occupied kashmir (pok) .IT has indeed been proved that these terrorist were trained in that region .

Another issue i would like to mention is the sms  thats doing rounds relating raj thackeray and his MNS activists .

1.Don’t know where he is when you need him. We want him to go and save amchi Mumbai. Army, NSG commandos are not marathi manoos….why should they fight and lay down their life for Mumbaikars.

2.Where is Raj Thackeray and his “brave Sena”? Tell him that 200 NSG commandoes from Delhi (no marathi manoos, all south and north indians) have been sent to Mumbai to fight the terrorists so that he can sleep peacefully tonight in Shivaji Park. Please forward this so it finally reaches the coward bully.

I personally dint receive any message like this . Some people are infact taking the sms too personally  and feel that it has been intended towards maharashtra or mumbaikars. I ,however second their thought. I dont’ think that the message has anything any communal meaning. It is a message directed at raj thakeray and his supporters . The message is just a sarcastic way of mocking at raj thackeray and the politics he plays .Although i don’t support these type of messages , i cant accept when people say these messages show hatred for maharashtra .

Well, Only solace during these three days was to see the NSG commandos ,Marine commandos and other security personal keeping their lives on line to save others . Not to forget the fire department guys who too were present all the while .Special mention to the hotel employees who have been spoke off so greatly. Some of these people probably lost their lives trying to save the guests and hostages .

News channels did a fantastic job in bringing the live coverage of the developments going on there. I certainly do not agree when people say it was just to increase the TRP rating .. I want to ask -what do you want from them ?? They were putting themselves in danger for us ,for keeping up us updated about the issue . IF someone feels that they show the same thing again and again .They should  just change the channel rather than cribbing about it .Although now i realize that the media could have been a little responsible . (Line updated)

My heart really cries out for those who have lost their loved ones ,for those innocent people who did nothing wrong except for being in that place at a wrong time .May the people who have lost their lives, REST IN PEACE .

If terrorists think that they are weakening the country’s integrerity and unity by doing such acts then they are wrong .We as a country are only getting stronger.

Worlds most famous men !!!!

These are/were worlds famous men . All in a single photograph .. Got it while browsing . 

HOw many can u indentify ?? 

click on the image to enlarge it !!!!!