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Rising stars sink in AP
What is common in Satyam Computer founder B Ramalinga Raju, Matrix Laboratories' promoter Nimmagadda Prasad and Kadapa member of Parliament YS Jaganmohan Reddy? The trio had once been the rising stars of Andhra business. But, ironically, their fortunes started sinking from 2009. According to people who know them closely, all the three who hail from Andhra Pradesh are hardworking and highly ambitious.

Decks cleared for Machilipatnam port project

Clearing the decks for the development of the Machilipatnam deep-water port in Krishna district after a two-year-long wait , the Andhra Pradesh government on Wednesday issued orders for acquisition

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IT underdog now ready to run with the pack

When Vineet Nayyar, vice-chairman, CEO and managing director (MD), Tech Mahindra and now chairman, Mahindra Satyam, flashed the victory sign after having emerged as the highest bidder in the race

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Aberdeen seeks Rs 750 cr in damages from Mahindra Satyam

Mahindra Satyam (formerly Satyam Computer Services Limited) on Saturday said a group of investors led by Aberdeen Asset Management have claimed damages of over $150 million (approximately Rs 750

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FCRA Bill should be passed as soon as possible: Ramalinga Ramaseshan

Despite strong surveillance and monitoring mechanism, prices of minor commodities have shot up sharply on both spot and futures markets. Ramalinga Ramaseshan, managing director of

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Why Kingfisher has avoided Satyam Computers' fate

On January 7, 2009, Ramalinga Raju of Satyam Computers confessed in a letter to the Bombay Stock Exchange that he had been overstating (that is, fudging) his company's profits for six years. Four days

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