News and Events of India

CID is now starting the investigation on the electronic data of the fraud hit company Satyam Computer Services to get more information about the financial issues of the company. This process of monitoring the electronic data of the company, is done from the personal laptops of the former chairman of Satyam, Ramalinga Raju, his brother Rama Raju and the former chief financial officer V Srinivas and the process is also recovered from several computers of the company. These electronic data runs into terabytes of data and CID will take atleast two months of time to complete the study on these electronic data. Already CID has found the details of land purchase by the company, transaction details and original bank statements of the company. These things indicate that Ramalinga Raju actually did a huge fraud case with the finance of his company.

The captain of the Indian cricket team, Mahindra singh Dhoni atlast got a new girl friend. It is suspected that he is into a new relationship with a girl whose name is Sakshi Singh Rawat. She is a 20 year old girl who is a third year student of hotel management at IHM, Aurangabad. Sakshi has recently finished her hotel management training from Taj Bengal. The girl first met with Dhoni at the party conducted by Bipasha basu at her house and it was the party of the film “Race”. It is said that Sakshi is the friend of John Abraham and she came to the party as John’s guest. Dhoni recently did his hair cut short as because Sakshi likes short hair. According to the friends of Sakshi, they met on her 21st Birthday on 19th november last year. Some sources said that they will be getting married after 2010.

Ramalinga Raju who is the former chairman of Satyam Computer Services, is suffering his days in the custody from the last few days due to the 7800 crore Satyam fraud case. Recently his custody is extended to 21st february. Two other persons who were also involved in that case, are also in custody. They are Ramalinga Raju’s brother Rama Raju and the former chief financial officer of Satyam, Vadlamani Srinivas. But good news for them is that, the District magistrate has gave them the allowance of special treatment in the prison. They will be shifted to a new cell which has attached toilet, chair, table and pillows. They can also buy their own food from outside the prison and they are provided the utensils so that they can cook inside the prison and have that.

Millions of people are loosing their jobs due to the financial crisis that is going on across the world and this year the number of jobless people in the United states and in the Europian countries, has been increased such a way that it made a record. But the effect of recession in India has not been seen that much. IT major IBM has also sacked a huge number of people from most of the countries and now they are offering a job to the sacked employees. IBM is organizing a new programme and they are offering jobs in the field of growth markets. IBM is giving this jobs in India and Russia. According to the company, the skills of the ex-employees of IBM are in a good demanding position in the new growth market sector. That’ why the sacked employees of United States, Canada, China and South Africa are been offered a new job in IBM in India, Russia and Nigeria.

Garib Rath Express is one of the popular trains in the Indian railways and it is one of the fastest trains in India. The train is compared to Rajdhani express and Satabdi express which can run at a speed of 130km/hr. On wednesday night, the train was hijacked from Delhi to Kanpur. Two drivers who are not authorised to drive the garib rath express train, forcefully entered into the engine cabin of the train in North Delhi. The name of the two drivers are Harsharup and Rameshwar. They stopped the authorised drivers to enter into the engine and they drove the train to Kanpur at very high speed. Ahmed and Manoj who were the authorised drivers for that particular train, took another train and reached Kanpur. After reaching Kanpur, the fake drivers were replaced by the authorised drivers of the train and the train with 1300 passengers, finally reached Ranchi safely.

The effect of recession is going very high in the europian countries and mostly in the United States. But in comparison with UK and USA, the effect is still less in India. But after a survey, it is found that around five lakh people have lost their jobs in India due to recession in three months. Labour Bureau of ministry of labour and employment conducts a survey on national employment every year. This year also they have done the survey in all the employment sectors. They have covered 20 centers across 11 states of India and found that allmost five lakh jobs were vapourised from the month of October, 2008 to december, 2008. Not only information technology and BPO, but textile industry, construction, transportation, automobiles sectors were also there in the survey.

The largest engineering and construction company Larsen and Toubro are planning to takeover the fraud hit company Satyam computer sevices. LandT has already invested 7 billion rupees or allmost 140 million dollars in the shares of Satyam. That’s why LandT has become the biggest shareholder for Satyam. The government appointed new board of Satyam is seeking a immediate investor for Satyam. The biggest Indian construction company LandT is now planning to grow it’s IT business and a possible merger with a big IT company will be the ideal goal of the company. That’s why the company is showing interest on Satyam. Larsen and Toubro has already developed a 4% stake on Satyam computer services by the month of January.

The two Indian tennis stars Mahesh Bhupati and Sania Mirza were the partners in the Australian open mixed doubles tournamant and they have won the tournament. They have beaten Nathalie Dechy and Andy Ram in their finals on Sunday. This was the first grand slam tournament which Sania Mirza has won and after winning this, Sania became the first Indian women who has won a grand sam tournament. Sania and Mahesh defeated their opponents with a set of 6-3, 6-1. It was Bhupati’s seventh win in any grand sam doubles tournament. Previously he has won the australian doubles open title in the year 2006 with his partner Martina Hingis.