Best Employer in India-2009

According to a recent study by Hewitt Associates, its sixth 'Best Employer in India Study 2009' in partnership with magazine Outlook Business, has enlisted the top 10 companies which provide the best working environment for employees. 

The study states that despite wide variance in industries and company profiles, the firms share some common winning traits.

Here we take a look at the nation’s 10 best employers

1)HCL Technologies

2)Hindustan Zinc Limited

3)Taj Hotels Resorts and Palaces

4)Cisco Systems

5)ITC -- Welcomgroup

6)Intuit Technology Services Pvt Ltd 

7)Eureka Forbes Ltd  

8)LG Electronics India Pvt Ltd 

9)Domino's Pizza India Ltd  

10)Marriott Hotels India Pvt Ltd 

To know more, Continue reading..

 

 

India's Top 5 Accounting Scandals--

Recently we all have been hearing about the Satyam Scandal and its impact on the image of Indian IT industry.Here below are the India's top 5 Accounting Scnadals that have shocked the Indian market.

1. CRB Capital Markets Limited (1996) ,Amount-Rs 1200 crore

Fraud: Chairman Chain Roop Bhansali, was accused of siphoning off Rs 12 billion in the CRB scam. CRB was accused of using its SBI accounts to siphon off bank funds, claiming it was encashing interest warrants and refund warrants.

2.ITC – Chitalia's Fera Violation(1996) Amount - $80 million.

Fraud: In June 1996, ED started FERA investigation into the export transactions between ITC and the Chitalia group of companies (EST Fibres) during 1990- 1995.

3.Home Trade (2002) Amount - Rs 6000 cr

Fraud: Eight co-operative banks, like Valsad People's Co-operative Bank and Navsari Co-operative Bank from South Gujarat, collectively lost over Rs 80 crore due to bad investments by the Home Trade. It was also linked to Rs 82 lakh forgery in a central government undertaking EPF scheme.

4.DSQ Software (2003) Amount - Rs.595 crore

Fraud: Dinesh Dalmia's Company DSQ Software was accused of dubious acquisitions and biased allotments made in the year 2000 & 2001.

5.Nagarjuna Finance (2003) Amount : Rs 98.37 crore

Fraud: Executives of Nagarjuna Finance, an promoted by KS Raju, was accused of failure to return about Rs 100 crore to depositors in 1997-98.