Wednesday, May 13, 2009

A Review of www.dulawat.com

Do you get tired of having to constantly switch from one website to another just to get the information you want or need? Surfing the internet is great. You can do your work just about anywhere now. Having a virtual office is not just a dream anymore. However, trying to navigate the internet can be tiresome and a waste of time.

Check out the newest website to offer more than just a one dimensional approach, www.dulawat.com.

This latest site to open its doors to the internet public has really got some meat in it. You will not be bored with its content. The thrust is an intriguing mix of health, finance, and success articles. It targets an audience across the board, with no tendencies to favor either the male or female readers.

This is one of the amazing advantages of this website. You can easily access interesting financial articles about the latest in business and management, while at the same site, you get advice and information about health topics on just about any topic under the sun.

You will not even have a problem navigating your way around this website because it is extremely user-friendly. No, there are no intimidating tactics that some website have to try to impress their readers. What you see is what you get, and then some.

Take a look at www.dulawat.com today, and find out what is creating such a buzz, and how amazingly simple it is to find interesting and entertaining articles. Make it part of your daily routine since the articles are constantly being updated and changed. This is one decision you will never regret.

Wednesday, January 7, 2009

Big players earned from SATYAM fraud (scam) and the small investors lost!!

Ramalinga Raju, Chairman of SATYAM Computer Services Ltd. (one of the top 6 INDIAN IT companies - combined known as SWITCH) resigned from the SATYAM board today (Jan. 07th, 2009). He wrote a letter to the SATYAM board admitting that the IT major's balance sheet has an inflated cash and bank balance of Rs 5,040 crore. The balance sheet of SATYAM has inflated accrued interest of Rs 376 crore in books, which is non-existent. Rs 1,230 crore was arranged to SATYAM, which is not reflected in books. Also, SATYAM has debtors of Rs. 490 crores and it showed only Rs. 2651 in books. So, overall it was a scam (fraud) of 10,000 crores (Rs. 100 billion or USD 2 billion)The SATYAM scam (fraud) is the biggest one after Harshad Mehta and Ketan Parekh.

This news has hammered the SATYAM stock a lot, which touched a new 52-week low of 30.80. It has seen a drop of 77.51% to Rs 40.25, at close.

"No board member had any knowledge of the real situation.", says Mr. Raju. Mr. Ramalinga Raju's resignation statement can be found here.

Everything is bullshit.. without auditors consent .. it cannot be done..

How can you expect auditors to be fair when they are paid by people who are to be audited. Dismiss all Senior functionaries who misrepresented accounts and penalize with punitive costs and damages.. Why should small investors pay for these fraudulent working group.

PWC was one of the auditors in this case...

IL&FS sold 24.5 million shares yesterday @ 180 and today the fraud was out in open and the price was @ 30.80... So who lost? only the small investor. Can somebody explain why IL&FS sold 24.5 million shares yesterday? Did they have prior knowledge of the scam?

I have created a petition to be sent to http://www.sebi.gov.in/ at http://www.petitiononline.com/SATCOM09/petition.html please sign this...