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Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

Monday, January 12, 2009 Byrraju Ramalinga Raju, founder and chairman of Satyam Computer Services, and his brother, B. Rama Raju, the company’s managing director, were arrested late Friday by Andhra Pradesh police. The brothers were placed under judicial custody in a Hyderabad, India jail and will remain there until January 23. Facing charges of criminal breach of trust (Section 406 of IPC), criminal conspiracy (Section 120-B), cheating (Section 420), falsification of records and forgery (Section…

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Cisco sues Apple for iPhone trademark

Friday, January 12, 2007 The iPhone only made its appearance as a prototype and there have been controversies aroused. The dispute has come up between the manufacturer of the iPhone (which was resented on Wednesday for the first time) – Apple Inc. – and a leader in network and communication systems, based in San Jose – Cisco. The company claims to possess the trademark for iPhone, and moreover, that it sells devices under the same…

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NASA says Martian soil could sustain life

Thursday, June 26, 2008 The scientists behind the Mars Phoenix Lander project announced that the soil on Mars was more alkaline than expected and could sustain life. Scientists at NASA or the National Aeronautics and Space Administration claimed that they were “flabbergasted” by their discovery on the possibility that life could grow on Martian soil. “It is the type of soil you would probably have in your back yard, you know, alkaline. You might be…

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