Moral News
Moral hazard in Satyam resurrection
In 1983, the Government of India passed legislation taking over sick textile mills in the then Bombay a year after the workers had begun what was to become the world's longest strike. In its preamble, the Textiles Undertakings (Taking Over of Management) Act provided an explanation for the nationalisation of the city's iconic mills located in the heart of the metropolis.
Rebirth of Satyam
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