India News

Apex IT body shocked by Satyam chief's confession

Nasscom, the apex body of the IT-BPO industry in India, expressed its shock Wednesday at the confession made by Satyam Computers' erstwhile chief B. Ramalinga Raju, who admitted to a Rs.40 billion fraud before quitting his post.

Bihar rejects 4 mn applications to check fake degree racket

The Bihar government has rejected about four million applications to check a fake degree racket and other irregularities in the teacher recruitment drive for government-run schools, officials said Wednesday.3:32 PM on January 07

Striking truckers hope government will talk to them

Indian truckers, whose nationwide strike entered the third day Wednesday, are hoping that the government will talk to them to end the impasse arising from their demands that includes a diesel price cut.3:32 PM on January 07

I auditioned for small role, but got the lead: Gaurav Kapoor

Channel V's popular veejay Gaurav Kapoor will play the leading role for the first time in the comedy 'Badluck Govind' and says he got it by sheer luck.3:32 PM on January 07

Markets tumble after Satyam shocker

Indian equities markets plunged in afternoon trade Wednesday after IT major Satyam Computer's co-founder and chairman B. Ramalinga Raju resigned after confessing to a Rs.40-billion ($823 million) fraud that had been going on for years.3:31 PM on January 07

Medicines worth Rs.10 mn found dumped on road

Life-saving drugs worth Rs.10 million have been found dumped on an isolated stretch of road in Orissa, police said Wednesday.3:31 PM on January 07

Satyam directors, employees shocked over 'fraud' by Rajus

Directors of the beleaguered IT major Satyam Computers Wednesday expressed shock the admission of founder-chairman B. Ramalinga Raju to committing a fraud to the tune of Rs.40 billion (Rs.4,000 crore or $823 million) before he resigned, along with Managing Director Rama Raju.3:30 PM on January 07

Man who initiated India's new navy school forgotten now

The former navy chief who initiated India's new marine academy in this imposing mountainous region on a seashore in Kerala says he was not informed about the school being inaugurated by Prime Minister Manmohan Singh Thursday.3:30 PM on January 07

Teen prodigy to raise funds for 26/11 victims through her music

She is all of 13, but teen prodigy Tara Venkatesan is not just gifted to create classic pieces of music, but also sensitive enough to hold a concert to raise funds for the child victims of the 26/11 Mumbai attack.3:30 PM on January 07

Gautam Goswami died of tension, says father

A day after the death of Gautam Goswami, key accused in the Rs.170 million Bihar flood relief scam of 2004, his father alleged that he died of tension after being trapped in a baseless charge.3:04 PM on January 07

Ashok Leyland sales down 63 percent in December

Commercial vehicle manufacturer Ashok Leyland Ltd Wednesday reported a 63 percent fall in its December sales over the corresponding month previous year.3:03 PM on January 07

Indian diaspora meet set to open - amid global recession

Colourful giant billboards and tight security welcome 1,500 delegates and dignitaries at the venue of the seventh Pravasi Bharatiya Divas, the country's annual convention to connect with its diaspora starting here Wednesday evening.3:03 PM on January 07

Satyam head quits after admitting massive fraud, stock crashes

In a development that shook India's corporate and financial worlds Wednesday, co-founder and chairman of Satyam Computers B. Ramalinga Raju resigned after confessing to a Rs.40 billion (Rs.4,000 crore or $823 million) fraud that had been going on for years.3:02 PM on January 07

BJP draws roadmap to general elections, sticks to terror

As the countdown to a general election begins, the Bharatiya Janata Party (BJP) is keen to hit the ground running and feels that the twin issues of insecurity of life and livelihood will continue to resonate despite this manifesto not cutting much ice with voters in the recent state assembly polls.3:01 PM on January 07

Post 26/11, security, self-defence are buzzwords in Delhi schools

From putting up metal detectors to imparting self-defence training to students to mock evacuation drills, schools in the Indian capital are steeling themselves against the threat of terror that could find an easy target in children.3:01 PM on January 07