Happy birthday Madhan

Happy birthday Madhan! may your dreams come true.
There may be many stars in the sky! every thing can twinkle and each has a same Properties but when a star falls down i will make a huge difference, it will create a huge a impact on the earth. You are a falling star you have created a huge impact in our hearts!, thanks for a great treat! and what to say "Long live my friend".

Sathyam chief admits to fraud, quits

What Really went wrong!
It is not that simple
My company Produced this much profit. and i have this much money and my bank balance is huge! by saying this he made all the Foreign investors to invest in his company!. But he could not make up the Balance sheets. So he resigned and this is great blow for Indian Stock exchange and this creates the Foreign investors to Think. He was jailed for 10 Years. The Employee is in great Troubles, Sathyam has 53,000 employee and 15,000 are expected to join Every thing went Bad! and expects say it is a Shame!

Read the Detailed notes from Hindu.

Byrraju Ramalinga Raju resigned as chairman of Satyam Computers, India’s fourth largest Information Technology company, on Wednesday after admitting to the Board of Directors that accounts were fudged to the tune of Rs. 7,106 crore over “several years.” His brother, B. Rama Raju, also resigned as Managing Director and Chief Executive Officer (CEO).

Before stepping down, Mr. Ramalinga Raju recommended that Ram Mynampati, board member and president, be made interim CEO, to run the show.

The 53-year-old business tycoon quit ahead of a crucial meeting of the board on January 10. The resignation climaxed a turbulent period of three weeks when the company was plunged into a crisis following an aborted attempt to acquire Maytas Infra and Maytas Properties, promoted by Mr. Raju’s sons, on December 16.

Markets reacted virulently to Mr. Raju’s admission of hiding several facts from the board and the stakeholders. Satyam’s stock nosedived on the Bombay Stock Exchange to an all-time low of Rs. 39.95, losing 77.69 per cent, though it opened at Rs. 188.70. Securities and Exchange Board of India (SEBI) Chairman C.P. Bhave described Mr. Raju’s disclosure as an event of “horrifying magnitude.”

In his five-page letter to the directors, Mr. Raju confessed that the company’s balance sheet inflated cash and bank balances of Rs. 5,040 crore which never existed and an accrued interest of Rs. 376 crore which was also non-existent. Also, a liability of Rs. 1,230 crore was understated and the debtor position of Rs. 490 crore “overstated.”

The Satyam chief said: “The gap in the balance sheet has arisen purely on account of inflated profits over a period of last several years.” Every attempt made to eliminate the gap failed, he said and apologised to all “Satyamites and stakeholders.”

For More Details visit

http://www.hindu.com/2009/01/08/stories/2009010860840100.htm

I love my friend ramachandran's blog

I have a wonderful friend called ramachandran. We did our post
graduation together and we rocked in college. But fate made us to rock
our office too. That means we are working in the same office. He is a
wonderful lad who loves to give special effects and makes people happy.
He is also a wonderful performance artist. He always stays on top of the
world and he was a great inspiration for his juniors in college.

I love you ramachandran.

Cheers..
\madhan

My Path

There are many things in this world
But we are tend to adopt only particular things
Like vise there are many path in our life
we have to choose the best one and go in it for a success.
I am Ramachandran who has taken a very good path to reach you all.
See you in next post!

--
S Ramachandran MCA
http://ramchandev.blogspot.com

Friends

I am Really confused! can any one Give me a perfect Definition for a friend! "Yes" i do have one but how many of you will accept that! "They are your second self" Got it! they will be with you when tough if you sad he/she will be with you! and also in happiness, i too came across many friends in my life, that time the technology has not improved that much to take a picture with them i am longing to take one! but i do have one here this is my friends in MCC. shall i tell a truth i don't like them but i love them. Many things i learned from them and also i have taught them it is like give and take policy i don't know how many of you are going to read this because we people don't posses that much Patience but i too learned patience is virtue! Do karthik room in the Room your patience will be surely tested.

Send off For Seniors

Can any one guess when it is taken, yes title will say you when it is. Nice and lovely evening when every one is delighted! i and prasana Hosted the program if some one has attended it they would never forget this dialogue "This MCC Presenting Live and Direct" We rally had a good time and that was everlasting in my mind! why? you know! I wore my first Tie! even now i cant tie a Tie of my own! and hosting a program needs lots of Courage and remembrance We had that and we really enjoyed it! and Nice seniors!

Looking Back

Happy New year every one! I know i did not touch my blog for many days, i am busy with my MBA Application filling and getting signature and stuffs like that. now pi am totally Relaxed and ready to rock on. I recently found my college days photos and my Office photos in order to remember my thoughts i am Posting it and i will explain how and when this is taken that will be more interesting!. There are many thing one can do in his life i have this "thing" for Snooker, During my Under Graduation I use to spend my time in a Snooker club, since we friends used spent a lot of time in they gave us a life time card for us, is indeed funny.