Zyx007

Satyam: A Shameful End

PWC seem to deserve a fate similar to Arthur Andersen. Completely clueless and clearly incompetent. RIP

Satyam Fraud Raises Tough Questions About Owning Stock

Just a note that Reliance Power (Anil Dirubhai Ambani group) is different from Reliance (Mukesh Ambani group) with the name being the only common thread. Governance standards vary.

Satyam's Moment of Truth Is at Hand

Extremely unfortunate timing, but with a market cap that is now down to less than USD 500 million, an attractive target for Infy or TCS assuming legal liabilities are resolved. Makes you wonder about PWC's ability to "audit" any firm, given that this has been ongoing for several years.

Seeking Alpha in Indian Real Estate

Calling a top in real estate is always a challenge, but afforability and real estate valuations are totally out of sync in India. The real estate market will correct severely at some point of time, though the valuations that compaies like DLF, Unitech, etc. enjoy is based largely on land banks that they purportedly own (limited transparency) based on hyped valuation of these land banks