The last solar eclipse India had witnessed was on Republic Day, 26 January 2009
A partial eclipse will be seen from the much broader path of the Moon's penumbra, including most of Southeast Asia (all of India and China) and north-eastern Oceania.
Total solar eclipse wil lbe visible in India on July 22 from early morning 05:28 hours to 0:40 hours ( Indian standard time). It is expected to last nearly 4 minutes.
For eclipse on 15 Jan 2010 see here
Solar Eclipse 26 January 2009, India's RDay
A partial solar eclipse will occur on Monday afternoon when the moon will pass directly between the earth and the sun, according to PTI. The first place to witness the eclipse in India will be Kanyakumari at 1408 hours IST, while it will be visible from 1417 hours IST in Port Blair, the last Indian territory in which the phenomenon will continue till 1625 hours ISTpm.
Known as Surya Grahan ( Surya Grahana/ Surya Grahanam) solar eclipses involve several practices in INdia, some of them steeped in scientific wisdom and some in superstition.
Looking directly at the Sun even for just a few seconds, can cause permanent damage to the retina, because of the intense visible and invisible radiation that Sun's photosphere emits. This damage can result in permanent impairment of vision, and even blindness. The eye's retina has no sensitivity to pain, and the effects of retinal damage may not appear for hours. The best way to observe teh solar eclipse is to watch it on TV or at the local planetaurium. However, pin-hole cameras may also be used depending on the eclipse and the efficiency of the pin-hole cameras.Indian traditions have several beliefs regarding solar eclipse as applicable to food, bath and other rituals that are followed to this day.
The last solar Eclipse was 1 August 2008.The Next total solar eclipse is on 22 July 2009
For the eclipse on 15 january 2010 please see hereSomdev Devvarman (aka Somdev Dev Varman) is an Assam-born Indian tennis player
5Feet, 11inched tall Somdev Devvarman is right-handed and plays two-handed backhand. Born on 13 Feb 1985,Somdev's nicknames are Buji and Dev.
On January 8, 2009, he caused a major upset against two-time Chennai Open former champion and (former World no.1) world number 42 Carlos Moya of Spain to storm into quarter-finals of Chennai Open ATP tournament at Chennai ( Madras) India.
Somdev made his Davis Cup Debut in February 2008 against Uzbekistan player D. Istomin in Delhi. Somdev, like many other Indian great tennis player, can also call Chennai his home, considering the time he has spent in Chennai.
The scandal at Satyam Computer Services Ltd (NYSE:SAY) ( ironically, Satyam means 'Truth') has put under the scanner the role of the auditors at Satyam- PricewaterhouseCoopers or PwC.
The New York Stock Exchange-listed Satyam's strenght lies in Enterprise Application Services like SAP, Oracle etc. Satyam had a BPO which was initially named Nipuna.
Some of the key Executives of Satyam ( according to icicidirect website) are
Mr. Vijay Rangineni, Chief Operating Officer
Mr. G Jayaraman, Co.Secretary & Compl. Officer
Mr. V Srinivas, Sr. Vice President & CFO
Company Secretary -Mr. G Jayaraman
The auditor who signed the audit report was Srinivas Talluri, Partner, Price Waterhouse, Membership No. 29864
ICAI will seek an immediate explanation from Satyam Computer’s auditors, PriceWaterHouse Cooper (PwC), on the financial fraud unearthed by the software company’s chairman B Ramalinga Raju, before taking any action.
“ICAI will write a letter to PwC on 8 January and will seek an immediate reply on the issue and inform them about the process of investigation, which is on,” ICAI president Ved Jain told PTI.
The Registered office of Satyam COmputer Services Ltd is Mayfair Centre, Floor I, 1-8-303/36, Secunderabad - 500003 Andhra Pradesh, India.
The following is the text of outgoing Satyam Computer Services Limited Chairman B Ramalinga Raju's letter to the Board who resigned after admitting to the fraud at Satyam.
To the Board of Directors,Satyam Computer Services Ltd.
Dear Board Members, It is with deep regret, at tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice:
The Balance Sheet carries as of September 30, 2008
Inflated (non-existent) cash and bank balances of Rs.5,040 crore (as against Rs. 5361 crore reflected in the books)
An accrued interest of Rs. 376 crore which is non-existent
An understated liability of Rs. 1,230 crore on account of funds arranged by me
An over stated debtors position of Rs. 490 crore (as against Rs. 2651 [cr.] reflected in the books)
For the September quarter (02) we reported a revenue of Rs.2,700 crore and an operating margin of Rs. 649 crore (24% Of revenues) as against the actual revenues of Rs. 2,112 crore and an actual operating margin of Rs. 61 Crore ( 3% of revenues). This has resulted in artificial, cash and bank balances going up by Rs. 588 crore in Q2 alone.
The gap in the Balance Sheet has arisen purely on account of inflated profits over a period of last several years (limited only to Satyam standalone, books of subsidiaries reflecting true performance). What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions as the size of company operations grew significantly (annualized revenue run rate of Rs. 11,276 crore in the September quarter, 2008 and official reserves of Rs. 8,392 crore). The differential in the real profits and the one reflected in the books was further accentuated by the fact that the company had to carry additional resources and assets to justify higher level of operations — thereby significantly increasing the costs.
Every attempt made to eliminate the gap failed. As the promoters held a small percentage of equity, the concern was that poor performance would result in a take-over; thereby exposing the gap. It was like riding a tiger, not knowing how to get off without being eaten.
The aborted Maytas acquisition deal was the last attempt to fill the fictitious assets with real ones. Maytas’ investors were convinced that this is a good divestment opportunity and a strategic fit. Once Satyam’s problem was solved, it was hoped that Maytas’ payments can be delayed. But that was not to be. What followed in the last several days is common knowledge.
I would like the Board to know:
1. That neither myself, nor the Managing Director (including our spouses) sold any shares in the last eight years — excepting for a small proportion declared and sold for philanthropic purposes.
2. That in the last two years a net amount of Rs. 1,230 crore was arranged to Satyam (not reflected in the books of Satyam) to keep the operations going by resorting to pledging all the promoter shares and raising funds from known sources by giving all kinds of assurances (Statement enclosed, only to the members of the board). Significant dividend payments, acquisitions, capital expenditure to provide for growth did not help matters. Every attempt was made to keep the wheel moving and to ensure prompt payment of salaries to the associates. The last straw was the selling of most of the pledged share[s] by the lenders on account of margin triggers.
3. That neither me, nor the Managing Director took even one rupee/dollar from the company and have not benefited in financial terms on account of the inflated results.
4. None of the board members, past or present, had any knowledge of the situation in which the company is placed. Even business leaders and senior executives in the company, such as, Ram Mynampati, Subu D, T.R. Anand, Keshab Panda, Virender Agarwal, A.S. Murthy, Han T, SV Krishnan, Vijay Prasad, Manish Mehta, Murali V. Sriram Papani, Kavale, Joe Lagioia, Ravindra Penumetsa, Jayaraman and Prabhakar Gupta are unaware of the real situation as against the books of accounts. None of my or Managing Director’s immediate or extended family members has any idea about these issues.
Having put these facts before you, I leave it to the wisdom of the board to take the matters forward. However, I am also taking the liberty to recommend the following steps:
1. A Task Force has been formed in the last few days to address the situation arising but of the failed Maytas acquisition attempt. This consists of some of the most accomplished leaders of Satyam; Subu D, T.R. Anand, Keshab Panda and Virender Agarwal , representing business functions; and A.S. Murthy, Han T and Murali V representing support functions. I suggest that Ram Mynampàti be made the Chairman of this Task Force to immediately address some of the operational matters on hand. Ram can also act as an interim CEO reporting to the board.
2. Merrill Lynch can be entrusted with the task of quickly exploring some Merger opportunities.
3. You may have a testatement of accounts’ prepared by the auditors in light of the facts that.I have placed before you.
I have promoted and have been associated with Satyam for well over twenty years now I have seen it grow from few people to 53,000 people, with 185 Fortune 500 companies as customers and operations in 66 countries. Satyam has established an excellent leadership and competency base at all levels. I sincerely apologize to all Satyamites and stakeholders, who have made Satyam a special organization, for the current situation. I am confident they will stand by the company in this hour of crisis.
In light of the above, I fervently appeal to the board to hold together to take some important steps Mr T R Prasad is well placed to mobilize support from the government at this crucial time. With the hope that members of the Task Force arid the financial advisor, Merrill Lynch (now Bank of America) will stand by the company at this crucial hour, I am marking copies of this statement to them as well.
Under the circumstances, I am tendering my resignation as the chairman of Satyam and shall continue in this position only till such time the current board is expanded. My continuance is just to ensure enhancement of the board over the next several days or as early as possible.
I am now prepared to subject myself to the laws of the land and face consequences thereof.
(B. Ramalinga Raju) Copies marked to: 1. Chairman SEBI 2. Stock Exchanges
