10 Healthy Ways To Lose Weight Fast

10 Healthy Ways to Lose Weight Fast

by

Navin-Prakash

Healthy habits are hard to maintain when you are limited with food options or time to take meal or go for gym. It becomes very difficult to shred off extra fat from the body in healthy manner. The small dietary changes in your daily meal routine can make big and long-lasting differences, rather than the major dietary modifications. Healthy weight lose is more important, than the fast and maximum weight reduction. The experts have suggested some healthy ways to lose weight listed below:

1. Include fat releasing foods in your diet – The fat releasing foods don t let you feel depressed and binging on higher caloric foods like eggs, shrimp, part-skim ricotta cheese, honey, dark chocolate, dairy products, coconut oil, citrus fruits, fiber rich foods etc.

2. Avoid high caloric foods – Cut down the high caloric foods from your diet like burgers, pizzas, red meat, mayonnaise, processed cheese, soft drinks etc. As per the dietitian recommendation, one can replace a burger with healthy brown bread vegetable sandwich and soft drink with skimmed milk or buttermilk. Avoid foods with high caloric counts and try to balance them with lots of raw vegetables, fruits and healthy recipes.

3. Drink lots of water – Water not only keeps you hydrated but helps to absorb nutrients and eject toxins and waste products from the body. Plenty of water suppresses the appetite and prevents fluid retention problem. It burns the stored fat, detoxifies body and prevents constipation.

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4. Carry a notepad for one week – Note down the every single piece of food that you take including the water. This helps you to figure out the caloric counts and quality of your diet. It is proven by the studies that the people who use to maintain a food diary control their intake nearly 15 percent than the people who don t.

5. Be regular with your walk and exercise regimen – Physical activities are very important to bunt out the extra calories and stored fat. Walk at least 40 minutes a day. This helps you to reduce the extra flab from the waist, thighs and stomach. You can use an electronic pedometer to count your steps.

6. Take small portions of food – Use small size plates, blows and spoons. It helps you to reduce the food intake. As it is proved by various studies that the less food serving results in less food intake. The more you have, the more you will take. It increases the food intake and caloric counts.

7. Avoid large meals; eat at small intervals in small proportions – For healthy weight reduction, it is very important to consume food in frequent intervals and small portions. If you take breakfast 5 hours before the lunch, then it reduces the caloric counts of launch nearly by 30 percent. Some of the studies prove that if you consume same number of calories in this particular distribution manner, your body produces less insulin that suppresses hunger and steadies blood sugar.

8. Chew slowly – Every bite should be chewed slowly. You can put the spoon down with every bite and take a sip of water. As nerves take about 20 minutes to convey a message from stomach to brain that now it s full. If you chew slowly, brain gets enough time to catch up the message.

9. When feel hungry eat carbohydrate and fiber rich food – The fiber and carbohydrate rich foods have higher satiety value and little portion of them make you feel full for longer like banana, an apple, watermelon, oats, dahlia, semolina preparations etc.

10. Add colors to your diet and avoid white foods – Increase intake of yellow, green, orange, red and blue colored vegetables and fruits such as spinach, bottle guard, capsicum, guava, watermelon, oranges, grapes, blackcurrant etc. Avoid white foods like toned milk, cream, butter, sugar, refined flour, white rice etc.

The author is a professional fitness expert and dietician specializing in healthy weight loss practices, sharing his experience about

healthy ways to lose weight

fast and the

healthy weight loss

tips.

Article Source:

ArticleRich.com

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Automaker GM to cut 10,000 jobs at Opel

">
Automaker GM to cut 10,000 jobs at Opel

Thursday, November 5, 2009

The US car manufacturer General Motors said that it would axe 10,000 jobs at its European division, Opel. According to the company’s vice president John Smith, the firm wanted to reduce costs at Opel by 30%.

Smith announced the company’s move on Wednesday. He didn’t say where the cuts were going to take place, but wanted to present details of the plan to European governments “very soon”.

A day before the announcement, GM said it was cancelling a deal to sell Opel to Magna, a Canadian automobile parts company.

Politicians in Germany expressed disappointment at GM’s cancellation of the Magna deal, which the country’s government had favoured. “[GM’s] behaviour towards Germany is completely unacceptable,” said German economy minister Rainer Bruederle.

The premier of the German state of North Rhine-Westphalia remarked that “General Motors’ behaviour shows the ugly face of turbo-capitalism. That is completely unacceptable.”

The UK government, however, welcomed the firm’s decision. “It is the best decision for Britain and our plants,” said the general secretary of the British union Unite, Tony Woodley. “I am absolutely delighted that General Motors have finally done the right thing for them and for us,” he told the BBC.

About 54,000 people are employed by Opel, about 25,000 of them in Germany.

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  • British government scraps planned rules on pay equality

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    British government scraps planned rules on pay equality
    Posted in Real Estate | September 9th, 2017

    Saturday, December 4, 2010

    The British Conservative-Liberal Democratic coalition government has scrapped plans by the previous government to change the rules on equal pay between men and women.

    The previous Labour government included a provision in the Equality Act 2010—Section 78—to allow the government the option to introduce regulations that would require companies to publish details of the difference in pay between male and female employees. If the government had activated such regulations, they would have come into force in 2013. The current government have decided not to activate this requirement and instead will only ask businesses to provide this data voluntarily and will set an “aspiration” to dramatically increase the number of women in senior positions in business.

    Lynne Featherstone, the Liberal Democrat MP and coalition Equalities Minister, in announcing the plans stated that the government wishes “to move away from the arrogant notion that government knows best, to one where government empowers individuals, businesses and communities to make change happen.”

    Featherstone announced the policy at the School of Management at Cranfield University, who have conducted research finding that only 12.5% of directors of FTSE 100 companies are women, up from 12.2% last year—”glacially slow” progress according to business commentator David Prosser.

    Featherstone justified not implementing the pay audits due to the economic costs: “Right at this moment of financial peril to the nation is perhaps not the moment to introduce mandatory pay audits.”

    This breaks with a Liberal Democrat manifesto commitment, as well as contradicting Featherstone’s own words two years ago in support of the audit: “A voluntary audit system for private industry is hardly worth the paper it’s printed on. We need to know when the government actually plans to step in if progress isn’t made.”

    Women’s groups and trade unions have condemned this move. Dave Prentis, the general secretary of UNISON, Britain’s second largest trade union, said that this is an example of the government “stripping down its commitment to equality”.

    It is a disgrace that women are still getting paid less than men. This move threatens to turn the clock back on all the progress already made with equal pay.

    Prentis continued: “It is a disgrace that women are still getting paid less than men. This move threatens to turn the clock back on all the progress already made with equal pay.”

    Ceri Goddard, the chief executive of the feminist campaigning group the Fawcett Society, condemned the plans: “The persistent gap in pay between men and women is one of the starkest examples of inequality in the UK today. The government’s decision not to bring into force section 78 is a huge disappointment and means this injustice will continue for a long time to come. The government has today consigned another generation of women to lower pay. Their proposal to rely only on voluntary business action on pay isn’t just naive, it sends a dangerous signal that tackling discrimination against women is a choice, not a requirement.”

    Yvette Cooper, Featherstone’s shadow minister on the Labour benches, called the news “another broken promise from the government” and said that “scrapping Labour’s plan to increase transparency in pay is a backwards step for women’s equality.”

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    Wendy’s surpasses the King

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    Wendy’s surpasses the King
    Posted in Real Estate | September 8th, 2017

    Tuesday, March 20, 2012

    Despite having over 1,300 locations more than Wendy’s, Burger King bumped down to the number three ranking of United States hamburger chains. In 2011, Wendy’s sales came out on top with $8.5 billion with Burger King close behind at $8.4 billion.

    Wendy’s edged Burger King out of the number two spot for the first time since Dave Thomas founded the company in 1969.

    McDonald’s still holds the number one spot, squashing both Wendy’s and Burger King with sales of more than $34 billion from 14,098 U.S. locations. Around the globe, Burger King clutches onto the number two ranking among hamburger joints.

    Since 2006, the restaurant business has had a make-over in the top five competitors. According to Technomic, the top three restaurant chains used to be comprised entirely of hamburger chains: including McDonalds, Burger King and Wendy’s, respectively. Today, Subway is ranked second with $11.4 billion — a 48 percent jump, with Starbucks right behind with $9.8 billion — a 39 percent jump.

    According to Technomic, Five Guys Burgers and Fries is creeping up on the other chains by making the largest leap last year.

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    The Cake Topper Makes The Cake}

    Posted in Cakes | September 1st, 2017

    Submitted by: Amanda J. Peters

    There is little argument that the cake is the highlight of the wedding reception. It is so important in fact, that it ends up with a table all its own and it is placed in an area where everyone can see it easily. To make a wedding cake complete, you need just the right cake topper.

    Now, you want to make sure that you are not dismissing the cake topper no matter how little it may appear to be when compared to the rest of the cake. In a lot of ways, the cake topper can make or break your cake and it will give a personal statement about your wedding. Think of it like the star on the top of the Christmas tree. It completes the whole thing.

    Your Personal Choice

    There are literally hundreds, if not thousands, of cake toppers that you will have to pick from. There is everything from the cheap plastic ones to over the top expensive crystal toppers. There are even animals, fictional characters and grotesque themed cake toppers. You name it – you can find it.

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    Now, how do you go about picking the right cake topper for your needs? The best thing to do is to look at the style of the cake, the theme of the wedding and consider your personal choice. You want to make sure that you love the cake topper, especially since it would make for a nice memento after the wedding.

    There are usually three cake topper categories. There is the casual, the semi-formal and the elegant. The elegant cake toppers are usually the ones make from ceramics, crystals and porcelain. Think of the classic bride and groom pose and you pretty much got the idea of it.

    The semi-formal cake toppers are usually made from hard plastic and there are some details such as bows, lace and ribbons. You will find that there are more casual or even funny poses than anything else.

    Then there are the casual cake toppers for the couple that considers themselves casual. The materials used might be the same as what is used in the elegant cake toppers, but the poses and the figures themselves are much more casual in nature.

    You will want to make sure that you are consulting a cake maker in order to make sure that you re getting the perfect cake topper for the cake you are going with. This way, your cake will look as though it is well put together instead of looking like a mess. Of course, you can always ask the cake maker to make you a custom made cake topper.

    Some Purchase Tips

    Of course, if the custom made cake topper is not up your alley, you will still find that you have many other choices to pick from. There are all kinds of bridal shops and bakeries that will have many designs for you to look over.

    You will want to make sure that you are carrying with you a picture or a drawing of the design of your wedding cake. This way you will not have to guess about the size, shape and color of everything. You will also help make the job of the sales staff much easier when you ask them to suggest some cake toppers.

    In the end, you want to make sure that you are paying attention to the small details of your wedding – right down to the cake topper. The detailed attention will pay off for the wedding ceremony and the reception as well. Just make sure that you aren’t sweating the small stuff to the point that you turn into the next bridezilla!

    About the Author: Amanda J. Peters is a writer for Wedding Favours Kingdom.

    Wedding Favours

    Kingdom offers also personalised favours,

    wedding guest book

    as well as favors for other special occasions.

    Source:

    isnare.com

    Permanent Link:

    isnare.com/?aid=597538&ca=Food+and+Drinks }

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    Eastern Conference wins 2008 NBA All-Star Game

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    Eastern Conference wins 2008 NBA All-Star Game
    Posted in Real Estate | September 1st, 2017

    Monday, February 18, 2008

    Eastern Conference 134 128 Western Conference

    The Eastern Conference defeated their Western Conference counterparts at the 2008 National Basketball Association All-Star Game held at New Orleans Arena in New Orleans, Louisiana on Sunday. The final score was 134-128.

    The East took an early 11 point lead in the first 5 minutes, due to an injured Kobe Bryant only playing 2 minutes before sitting on the bench for the rest of the game. “There’s one player we really, really missed, and that was Kobe,” said West coach Byron Scott. The West later reduced the lead to 2 points, but at halftime, the East led 74-65.

    The West trailed by 13 at the beginning of the fourth quarter, but rallied behind New Orleans point guard Chris Paul, who had seven assists in the final period. With 2:48 remaining, Brandon Roy scored a layup on an assist from Paul, giving the West a 122-119 lead, their biggest lead of the game.

    The East then answered back with two three-pointers from Ray Allen, before Chris Paul tied the game with a three-pointer of his own. However, the East would then take the lead and the game with layups from Dwyane Wade and Allen, as well as a driving dunk from LeBron James. A Brandon Roy three-pointer put the game within three points with 8.7 seconds left, but 3 free throws from Ray Allen sealed the win for the East.

    “The fourth quarter was crazy,” said Chris Paul. “We were down 13. We picked up the intensity. We took the lead a few times but Ray Allen was unbelievable the way he shot the ball. And that last dunk by LeBron, we had two people on him but that still wasn’t enough.”

    With 27 points, 8 rebounds, and 9 assists, James was named the All-Star Game’s Most Valuable Player for the second time in his career. Some television commentators also considered Ray Allen a likely choice for the award, with 14 of his 28 points coming in the final 3 minutes of the game. “I think Ray Allen had a heck of a shooting night,” James said after being presented the award.

    Contents

    • 1 Other All-Star events
      • 1.1 T-Mobile Rookie Challenge
      • 1.2 Haier Shooting Stars Competition
      • 1.3 Playstation Skills Challenge
      • 1.4 Foot Locker Three-Point Shootout
      • 1.5 Sprite Slam Dunk Contest
    • 2 Related news
    • 3 Sources
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    Eastern Conference wins 2008 NBA All-Star Game

    ">
    Eastern Conference wins 2008 NBA All-Star Game
    Posted in Real Estate | September 1st, 2017

    Monday, February 18, 2008

    Eastern Conference 134 128 Western Conference

    The Eastern Conference defeated their Western Conference counterparts at the 2008 National Basketball Association All-Star Game held at New Orleans Arena in New Orleans, Louisiana on Sunday. The final score was 134-128.

    The East took an early 11 point lead in the first 5 minutes, due to an injured Kobe Bryant only playing 2 minutes before sitting on the bench for the rest of the game. “There’s one player we really, really missed, and that was Kobe,” said West coach Byron Scott. The West later reduced the lead to 2 points, but at halftime, the East led 74-65.

    The West trailed by 13 at the beginning of the fourth quarter, but rallied behind New Orleans point guard Chris Paul, who had seven assists in the final period. With 2:48 remaining, Brandon Roy scored a layup on an assist from Paul, giving the West a 122-119 lead, their biggest lead of the game.

    The East then answered back with two three-pointers from Ray Allen, before Chris Paul tied the game with a three-pointer of his own. However, the East would then take the lead and the game with layups from Dwyane Wade and Allen, as well as a driving dunk from LeBron James. A Brandon Roy three-pointer put the game within three points with 8.7 seconds left, but 3 free throws from Ray Allen sealed the win for the East.

    “The fourth quarter was crazy,” said Chris Paul. “We were down 13. We picked up the intensity. We took the lead a few times but Ray Allen was unbelievable the way he shot the ball. And that last dunk by LeBron, we had two people on him but that still wasn’t enough.”

    With 27 points, 8 rebounds, and 9 assists, James was named the All-Star Game’s Most Valuable Player for the second time in his career. Some television commentators also considered Ray Allen a likely choice for the award, with 14 of his 28 points coming in the final 3 minutes of the game. “I think Ray Allen had a heck of a shooting night,” James said after being presented the award.

    Contents

    • 1 Other All-Star events
      • 1.1 T-Mobile Rookie Challenge
      • 1.2 Haier Shooting Stars Competition
      • 1.3 Playstation Skills Challenge
      • 1.4 Foot Locker Three-Point Shootout
      • 1.5 Sprite Slam Dunk Contest
    • 2 Related news
    • 3 Sources
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    Construction Job Market In 2007}

    Posted in Management Software | August 5th, 2017

    Construction Job Market in 2007

    by

    Natalie Aranda

    Construction industry is related to the building and assembling of any structure on site. Many people think of construction as one thing, but it’s a series of tasks which combine to make one project. In a normal construction project, there is a project manager which oversees the specific operation, as well as subcontractors like painters and carpenters as well as internal employees. The whole operation is headed by someone titled the construction manager.

    There are three main types of construction: building construction, residential construction, and heavy/highway construction. Building construction refers to adding another structure to real property. The majority of building construction is small projects like renovating or adding a room in an already existing house. These tend to be smaller projects than the other two. Residential construction refers to a private family finding construction companies to build their own house from the ground up or even building their own houses and subcontracting people to help out. Heavy/highway construction projects are usually the biggest and headed government agencies either at the local or national level.

    Since it’s only been three months into the year, it’s safe to say that the job market of the construction industry has not experienced heavy fluctuations so far. However, residential construction has decreased after a boom that lasted about three years. In the duration of the past three years, it was popular for families to build a house after purchasing a piece of land. Other than regulations that must be followed in each specific state and district, each family has relative freedom in choosing many aspects of their new home. However, this didn’t last and in January experts came out with statements in January that residential construction job market was on the fall.

    Non-residential markets, however, is on the rise. The job market is enjoying double digit growth and experts predict that this will last throughout the entirely of the year. However, a slowdown may occur as well due to project delays resulting from high materials prices and labor costs resulting from high demand, or if the economic outlook worsens. Gas and oil prices are directly correlated to the price of materials, many of them which are imported.

    If you’re currently not involved in the construction market but has interested in getting started, then you should look into various areas connected to it like construction accounting, construction estimating, and project management. It’s important to know that there are various ways to obtain help, and those include not only people but construction estimating software. Both provide a great source of aid and can make every difference in the world.

    Natalie Aranda is a freelance writer. If you’re currently not involved in the construction market but has interested in getting started, then you should look into various areas connected to it like construction accounting,

    construction estimating

    , and project management. It’s important to know that there are various ways to obtain help, and those include not only people but

    construction estimating software

    .

    Article Source:

    Construction Job Market in 2007

    }

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    News briefs:May 30, 2010

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    News briefs:May 30, 2010
    Posted in Real Estate | August 5th, 2017
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    Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal

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    Former Satyam CEO Raju, his brother and CFO arrested and detained in profit-fraud scandal
    Posted in Real Estate | August 4th, 2017

    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 468), and fraudulent cancellation of securities (Section 477-a), they face up to ten years imprisonment if convicted.

    After 18 hours of interrogation by the Crime Investigation Department (CID) at the state police headquarters, the Raju brothers were sent to the Chanchalguda prison and slept Saturday night on the floor along with 26 other low-risk inmates.

    S. Bharat Kumar, the Rajus’s lawyer, asked the magistrate to issue orders for health monitoring. “His blood pressure is fluctuating and he needs medical treatment,” said Bharat Kumar. Mr. Raju appeared before the court Saturday while a team of doctors visited him after he had complained of chest pain.

    Raju has Hepatitis-C, and both brothers have high blood pressure, so health precautions are necessary while imprisoned. Prison rules mandate service of jail food thrice a day. The menu includes 650 gm of rice thrice a day with 250 gm of vegetable curry and 125 gm of ‘daal’ plus tea twice a day.

    Satyam’s chief financial officer Vadlamani Srinivas, who was also arrested Saturday, had undergone preliminary investigation and appeared Sunday before a special court, according to A. Sivanarayana, Andhra Pradesh additional director general of police. Srinivas was remanded to judicial custody until January 23 by Mr. D. Ramakrishna, Sixth Chief Metropolitan Magistrate, and sent to the Chanchalguda jail with the Raju brothers after interrogation by CID’s Crime Branch (the CB-CID). During his Saturday night arrest and probe by CB-CID, Srinivas made revelations which are contained in his confession letter as submitted to Network 18. “According to me fixed deposits are unreal and fictitious which were managed and was an understanding between the audit section management,” Srinivas stated.

    The Hyderabad court on Monday postponed the bail hearings of the Raju brothers and Srinivas to January 16. To be defended by a battalion of 25 lawyers, the three accused will remain in Chanchalguda Central Jail until further court order. The Raju brothers were shifted Sunday to a mid-size Old Hospital Barrack cell shared with a bootlegger.

    Contents

    • 1 The offences
    • 2 About Satyam Computer Services
    • 3 Impact on Satyam Computer Services finances and reactions
    • 4 Related news
    • 5 Sources

    In 2008, the company struggled to purchase two infrastructure companies founded by family members of company founder and CEO Dr. Raju – Maytas Infrastructure and Maytas Properties – for $1.6 billion, despite concerns raised by independent board directors. Dr. Raju tendered his resignation on January 7 after due notice of falsified accounts to board members and the SEBI.

    Since January 7 when two lawsuits were commenced, dozens of other class action law suits were filed against Satyam for hundreds of millions of dollars damages based on fraud in the United States District Court for the Southern District of New York in Manhattan, among others. The securities fraud class-action lawsuits have been filed on behalf of investors who bought Satyam American Depositary Receipts (ADRs) since 2004.

    On Wednesday Dr. Raju admitted to falsifying and overstating Satyam’s cash reserves by $1B US dollars (£661m) or 94% of its cash and bank balances on books at the end of September.

    The fraud was perpetrated several years ago to bridge “a marginal gap” between actual and accounting books operating profits, and continued for several years. “It was like riding a tiger, not knowing how to get off without being eaten,” B. Raju said.

    In a letter to the board, Dr. Raju said that neither he nor the managing director had benefited financially from the inflated revenues. Further claiming that none of the board members had any knowledge of the dire company situation, he noted that Satyam’s balance sheet as of the September 30, 2008, carried inflated figures for cash and bank balances of INR 5,040 crore (as against INR 5,361 crore reflected in the books). He alleged it also carried an accrued interest of INR 376 crore which was non-existent. He confessed that he himself prepared an understated liability of INR 1,230 crore on account of funds amid an overstated debtors’ position of INR 490 crore (as against INR 2,651 crore in the books).

    Indian analysts have compared the Satyam-Raju scandal to the infamous American Enron scandal. Immediately following the media expose, PricewaterhouseCoopers, auditor of Satyam’s accounts, was set to be probed for complicity in the controversy. Times Now has reported that the Andhra Pradesh CID arrested PricewaterhouseCoopers (PWC) representative Gopal Krishnan for investigation on Saturday night.

    New York-listed Satyam Computer Services Ltd., India’s fourth-biggest software firm, is a consulting and information technology services company based in Hyderabad, India. Founded in 1987 by Dr. Byrraju Ramalinga Raju, Satyam’s network spans 67 countries on six continents. It employs 53,000 professionals in India, the United States, the United Kingdom, the United Arab Emirates, Canada, Hungary, Singapore, Malaysia, China, Japan, Egypt and Australia. Its monthly salary outflow is estimated at six billion rupees ($125 million). Deriving more than half of its revenues from the United States, it serves 700 global companies, 185 of which are Fortune 500 corporations.

    Satyam’s clients include Nestle, Ford, General Electric Co., General Motors Corp., Nissan Motor Co., Applied Materials Inc., Caterpillar Inc., Cisco Systems Inc. and Sony Corp., and brought in about $40bn last year.

    In December 2008, a failed acquisition attempt involving the company Maytas led to a plunge in Satyam’s share price. After Wednesday’s confession, Satyam stocks fell further by more than 70%, while the BSE SENSEX dropped to 7.3% Wednesday, causing the removal of Satyam Computer Services from its indices on Thursday. The shares free fell to 11.50 rupees on Friday, their lowest level since March 1998, compared with around last year’s high of 544 rupees.

    The New York Stock Exchange has terminated trading in Satyam stock as of January 7, while the National Stock Exchange of India said it will remove Satyam from its S&P CNX Nifty 50-share index from January 12.

    India’s biggest-ever corporate fraud has seriously tainted India Inc.‘s strong corporate governance image. “The admission of fraud in financial affairs has created an adverse impression in the minds of trade, business and industry across the world,” the Indian government admitted. The government intervened on Friday night, dismissing Satyam’s board of directors, announcing it will appoint representatives to manage the affairs of the insolvent outsourcing giant. The board would meet within seven days. Dr Yeduguri Samuel Rajasekhara Reddy, chief Minister of State of Andhra Pradesh, India, on Sunday said that the main agenda is to protect the jobs of the software professionals. “We are taking all needful steps in coordination with the government of India to ensure that the jobs of 53,000 engineers are protected and the shareholders’ money is salvaged,” Reddy said.

    “We are working on the names. The Satyam case is an aberration. The credibility of the Indian corporate sector in general, and IT sector in particular, should not be allowed to suffer because of this.” Prem Chand Gupta, the Corporate Affairs Minister said. The Federal Government of India appointed a three-member independent board with full authority for Satyam on Sunday and was set to convene within 24 hours. “We have appointed Deepak Parekh, chairman of Housing Development Finance Corporation, Kiran Karnik, former president of IT industry body NASSCOM and C. Achutan, former member of Securities and Exchange Board (SEBI) of India,” Mr. Gupta said.

    In early Monday trading (0535 GMT) after the creation of the three-member board, Satyam shares rocketed upwards 60% to 38.15 rupees, even though the main Mumbai market was down more than 2%. BBC reported that Satyam shares have jumped 51% to 36.05 rupees on Monday after the stock lost 87% last week. “The constitution of the new board is seen as a positive step by the market. It’s a confidence boosting measure,” K.K. Mital, Globe Capital, New Delhi head of portfolio management services said. “But the rally will depend largely on the financial situation at the company and the kind of measures that are taken to improve liquidity,” he added.

    The Company Law Board, however, has requested Satyam’s interim board not to implement its decisions. “We are asked by the Company Law Board not to implement the decisions of the board. But we are allowed to continue our activity. The team which was constituted recently is continuing its work,” Satyam head global marketing and communications, Mr. Hari Thalapalli, said.

    Lazard Ltd., who has a 7.4% stake in Satyam, sought representation on the new board and wrote as much to The Indian Ministry of Corporate Affairs. “As the largest shareholder in the company, we want to be consulted in whatever decisions are being taken by the Indian government. We have written to the Ministry of Corporate Affairs and are awaiting a reply from them,” Hitesh Jain, a partner at ALMT Legal, who claimed to represent Lazard, said. “It is a fair proposal and we will take a decision as and when we clear other issues. No decision on this has been taken yet,” P.C. Gupta replied.

    Meanwhile, the Securities and Exchange Board of India (SEBI) also announced it will try to control the damage and take steps to boost investor confidence. “This exercise will be undertaken after the third quarter results and is expected to be completed by end of February this year,” a SEBI official statement said. A SEBI team is also investigating acting-CEO Ram Mynampati whose salary was greater than that of founder Dr. Raju and all the directors combined. Dr. Raju had just one fifth of Mynampati’s total package of over Rs 3.5 crore as of March 2008. All the directors comparably received only a total of Rs 2.6 crore as salary, commissions, sitting fees, professional fees and other receivables.

    Further, the Andhra Pradesh Police CID and teams assigned by the Economic Offences Wing of the CB-CID conducted searches Sunday of homes of the accused including the ex-CFO’s office to gather documentary evidence about the financial fraud.

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