LOS ANGELES - The photo of the Lupoe family on their now cancelled Facebook account showed the smiling faces of a happy American family. Their tidy new home in a Los Angeles suburb seemed like a poster for the American dream. But that dream lay in bloody tatters Wednesday following a suspected murder-suicide in which the father killed his five small children and his wife before turning the gun on himself.
NEW DELHI - The $1.4-billion Satyam fraud has shaken the collective conscience of Indians and the government will ensure it does not impact its $64-billion software industry, Minister of State for IT and Communications Jyotiraditya Scindia has said.
HYDERABAD - The Andhra Pradesh High Court Friday adjourned to Feb 9 the hearing on a petition by market regulator Securities and Exchange Board of India (SEBI) seeking permission to record statements of disgraced Satyam Computer founder B. Ramalinga Raju and his brother B. Rama Raju in the Rs.70 billion fraud.
NEW DELHI - India’s first home-grown wind technology company Suzlon Energy Friday reported a net loss of Rs.3.9 billion for the quarter ended Dec 31 as compared to net profit of Rs.3.38 billion in the corresponding period last fiscal.
HYDERABAD - The market regulator will have to wait at least for 10 more days to question disgraced Satyam Computer founder B. Ramalinga Raju and his brother B. Rama Raju in the Rs.70-billion (Rs.7,000-crore/$i43-million) accounting fraud as the Andhra Pradesh High Court Friday adjourned the hearing on its petition to Feb 9.
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