6 possible effects of Satyam Fraud
Today morning, Satyam former Chairman, ramalinga raju admitted the fraud and resigned for his post.
i am giving possible effects which may affect many people of india.there is no specific order in this, just writing as it comes from my mind
1.Share value of satyam may reach 10-15 rupees.
2.Most of the clients may take back their services from satyam.
3.Almost 25000 people go jobless (this is just a rough estimate on the assumption that satyam is aquired by any company like ibm and reorganise the whole company,otherwise it would be more)
4.People Loose hope on everyone around, especially for andhra people as this happened after recent nagarjuna finance issue.
5.Margadarsi may get effected(Chaos Theory:i dont know why i got this in my mind).
6.SEBI will impose more rules on all other companies, may issue RTI for every company on Stock Exchange.
and many more things will happen, throw what ever you feel here.as your comments
PS:All the above information is just my feelings and should not be taken seriously in any kind.
Image Courtesy : Wikipedia
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i like these 6 effects but this scam has tarnished the image of India.
What other country people will think if the founder of the company has committed the fraud. Foreign investment in other companies will be effected by this scam.
i like this 6 effects very much
and these r the true effects
and its a good site
First, its “Worth a Visit.”
Secondly, this is such a poorly designed site.
Finally, you have not said anything great wrt Satyam.