You would call it surprising but ever since the World Bank has issued a ban on Satyam. It’s subsidiary Sify Broadband has been sending me messages by the tons promising me gifts surprises if I renew their Broadband service that I had discontinued owing to poor connectivity (read no connectivity).
Worst the copy asked the World Bank to withdraw "inappropriate" statements about the company and to issue an apology for harm done to the company. Kamaal hai.
For those who came in late, the World Bank has taken the step for providing improper benefits to Bank staff and for failing to maintain documentation to support fees charged for its subcontractors.
However, I would say the World Bank’s move is very much related to the company’s proposal to acquire Maytas Properties and Maytas Infra, companies controlled and run by the promoter family, for $1.6 billion (around Rs 7,680 crore).
Everything about that proposal was strange. No wonder the World Bank took the harsh step.
Hello world!
2 years ago
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United Bank of India to raise funds upto Rs 1000 crores .capitalstars
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