Wednesday, April 7, 2010

Fry defends Schumacher's form

Mercedes CEO Nick Fry has defended Michael Schumacher after a slow start to the season.

Ipl <-->4's


Ipl Pace-wkts


Satyam's board selection was a careless act: ICAI to Govt

ICAI's probe panel has hit out at bank for not doing due diligence on Satyam Computer Services before giving loans, and government for appointing Deepak Parkeh on its board despite his HDFC group being a major creditor to Ramalinga Raju's company.



The banks which gave loan to Satyam that time were HDFC Bank (Rs.530 crore), Citibank (Rs.223.87 crore) Citicorp Finance (Rs.222.28 crore), ICICI Bank (Rs.40 crore) and BNP Paribas (Rs.20 crore), totaling Rs.1221.16 crore.
 
In its final report, ICAI panel headed by Former President Uttam Prakash Agarwal stated, "There is no explanation as to why the banks, while sanctioning short-term loans did not seem to have posed any question as to why the company (Satyam) which was supposedly cash rich as per its financial statement was taking loans from them."



 

Solve network problems with mini-towers

Do you face the network problem at home or workplace? Here is good news. You can resolve this problem with putting a miniature cell tower in your living room. These mini-towers act and look like Wi-Fi hot spots at cafes, and redirect cellphones calls from congested cell towers to home Web connections.


Christina Zachariades, 28, of Manhattan who already pays $130 a month for iPhone service but cannot receive or make calls in her fifth-floor apartment on the Upper East Side, said, "It's a fabulous idea, especially if you can't get service, but to charge for it is insulting. How much more do I have to pay to get the service required for me to use my phone?"


But although AT&T says its mini-towers will help in that kind of situation, it also says that it wants to help iPhone users who cannot get consistent signals. The company, which has been testing such devices in a few markets, plans to officially start selling this month what it calls 'MicroCells' in a few places for $150, reports New York Times.




Industry analysts feel that mini-towers, known as femtocells, are poised for spectacular growth. Shipments should grow from 571,000 this year, to 1.9 million next year, to 40 million by 2013, according to iSuppli, a market research firm.

IDBI Bank to offer online payment gateway services

IDBI Bank announced that it has tied up with Venture Infotek, a transaction management firm, to unveil its internet payment gateway services.




IDBI Bank announced that it has tied up with Venture Infotek, a transaction management firm, to unveil its internet payment gateway services.Venture Infotek's 'Eazy2Pay' secures all transactions using Triple Data Encryption Standard (3DES) keys to encrypt cardholders' information and Merchant Plug-In (MPI) to facilitate 3D-secure verifications.

CEO of Yureekah bats for KKR

Vishal Sharma,Founder & CEO,Yureekah,believes that his favorite Kolkata Knight riders have the grit and spirit.

Rising frauds in corporate India to be dealt firmly: KPMG

The overall incidence of fraud is rising in corporate India in the last two years and there is a need for Indian firms to deal with fraud risks firmly, according to the KPMG Fraud Survey Report 2010. The report also states that the financial services and consumer markets industry segments specifically, see a higher level of fraudulent activities within their industry.

Financial statement fraud emerges as a major issue for investors. An overwhelming 81 percent of the respondents of the survey perceive financial statement fraud as a major issue in India.

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