It Is Ctl+Alt+Del for Satyam-

January 8, 2009

The interim managers of tainted Satyam Computer on Thursday said they were talking to clients to continue serving them, even as the
Chief Financial Officer Valdamani Srinivas quit abruptly.

Interim CEO Ram Mynampati declared that the liquidity and cash-in-hand were not encouraging, although the company managed to pay December’08 salaries to its 53,000 employees.

“Some outstanding payment to vendors is yet to be made… we are verifying the liquidity and balancesheet… we have to raise liquidity in near term and are confident of raising it,” said Mynampati, while adding that his appointment was legal.

On the conduct of auditor PriceWaterhouseCoopers, he said: “We have not verified what process PwC took to certify financial statements. We are not yet in touch with them.”

On the financial irregularities disclosed by former Satyam Chairman Ramalinga Raju, Mynampati said the team was not yet in a position to answer these issues, as it is still ascertaining disclosures made by Ramalinga Raju and trying to correct financial irregularities.

He said the regulatory bodies have already started their inspection and a team of market regulator SEBI was in Satyam talking to associates.

CFO Srinivas, who Mynampati said was expected in office within a week, sent in his resignation during the course of the press conference — dealing a blow to efforts to hold the top leadership team intact.

The board will decide on accepting his resignation at a meeting on January 10.

Satyam Computer Services is speaking to its top 100 clients individually, and has received expressions of support from key customers, its interim CEO said.

“Our only aim at this time is to ensure that the business continues,” Mynampati told reporters at a news conference.

Another top priority for the company was to protect employees’ careers, said Mynampati.

He said the company would help investigating agencies and had launched a process to assess its financial position.

The Satyam board relied on audited data on revenue and had no inkling about the fraud, said Satyam interim CEO Ram Mynampati.

The company is in the process of identifying new candidates for the board, said Mynampati.

Mynampati said that the aim was to ensure complete transparency and smooth transition of the leadership.


Mahalaya: Invoking the Mother Goddess

September 29, 2008

The traditional six day countdown to Mahasaptami starts from Mahalaya. Goddess Durga visits the earth for only four days but seven days prior to the Pujas, starts the Mahalaya. The enchanting

voice of Birendra Krishna Bhadra fill up the predawn hours of the day thus marking the beginning of ” devipaksha ” and the beginning of the count-down of Durga Puja. Sarat in its bloom, mingled with the festive spirit of Durga Puja reaches its pitch on the day of Mahalaya. From this day starts ‘Devipaksha’ and marks the end of ‘Pitri-paksha’.

It is the day when many throng to the banks of river Ganga, clad in dhotis to offer prayers to their dead relatives and forefathers.People in the pre-dawn hours pray for their demised relatives and take holy dips in the Ganges. This ritual is known as ‘Torpon’. This day bears immense significance for the Bengalis. It is according to the myths that Sree Rama hastily performed Durga Puja just before he set for Lanka to rescue Sita from Ravana.

According to Puranas, King Suratha, used to worship goddess Durga in spring. Thus Durga Puja was also known as Basanti Puja. But Rama preponed the Puja and worshiped Durga in autumn and that is why it is known as ‘Akal Bodhon’ or untimely worship. It was considered untimely as it is in the myths that puja was performed when the Gods and Goddesses were awake i.e. “Uttarayan” and was not held when the Gods and Goddesses rested ie.”Dakshinayan”.

It was on the day of Mahalaya,the beginning of “devipaksha”,the Gods and Goddesses woke up to prepare themselves for Durga Puja. Akashvani Mahalaya: In the year 1930, Mahalaya was first broadcasted over the radio in Akashvani. The programme was organised by Premankur Aatorthi, Birendra Krishna Bhadra, Nripendra Krishna Mukhopadhya and Raichand Boral. It was broadcasted live then. Later it was recorded and played. Bengal’s cine star, Uttam Kumar had once recited Mahalaya while Hemanta Kumar Mukhopadhya was the music director. But it was not popular among the mass and from then it has always been the voice of Birendra Kishna Bhadra enthralling the listeners in the pre-dawn hours of Mahalaya. The script was written by Bani Kumar, music was directed by Pankaj Kumar Mallik while Dijen Mukhopadhya, Manobendra Mukhopadhya (Tabo Achinta….), Sandhya Mukhopadhya, Arati Mukhopadhya, Utpala Sen, Shyamal Mitra and Supriti Ghosh (Bajlo tomar alor benu….) sang in their melodious voices.
Come September, and Hindus all over the world get enthused in festive fervor. Come “Mahalaya” and Bengalis get busy to complete the final preparations for their greatest festival – Durga Puja.
Mahalaya is an auspicious occasion observed seven days before the Durga Puja, and heralds the advent of Durga, the goddess of supreme power. It’s a kind of invocation or invitation to the mother goddess to descend on earth – “Jago Tumi Jago”. This is done through the chanting of mantras and singing devotional songs.