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Singapore company, Indian port to set up shipyard at Kakinada
Sembmarine Kakinada Limited (SKL), a joint venture of Singapore-based Sembawang Shipyard Pvt Ltd and Kakinada Seaports Ltd, has announced the establishment of a shipyard at Kakinada port at an estimated cost of $375 million to cater to offshore units and merchant vessels operating in Indian waters.
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Court extends remand of Satyam fraud accused till Jan 6

A local court today extended the judicial remand of all the ten accused in Satyam fraud till January 6 and handed them over documents related to the supplementary chargesheet filed against them by the CBI. - Court issues warrant against Ramalinga Raju - Satyam agrees to settle case with Upaid for $70 million - Satyam"s Nipuna deals "concealed" facts - Raju, family bought 1,065 properties - Raju pressured Satyam board - Mahindra Satyam to expand Malaysia operations All the ten accused, except the prime accused and Satyam founder B Ramalinga Raju, were produced before the XIV Additional Chief Metropolitan Magistrate court after expiry of their judicial custody, and handed over the photocopies of the documents after its physical verification. Raju is undergoing treatment for his hepatic ailment at NIMS"s hospital here. Earlier on December 9, the defence counsels refused to accept the copies of the documents and sought for verification of the same with the original chargesheet. The documents in thousands of pages, after verification by the designated CBI court, were handed over to the accused in four gunny bags each and the matter was further posted for January 6. The court will begin questioning of the Satyam accused on the allegations and charges mentioned in the supplementary chargesheet on January 6, after which the framing of charges against Ramalinga Raju and others will be taken up by the court, CBI"s deputy legal advisor B Ravindranath told PTI. The court also extended the judicial remand of all the ten accused till January 6. Satyam"s former Managing Director Rama Raju, ex-CFO Vadlamani Srinivas, two former PW auditors and other accused were produced before the court. Another accused B Suryanarana Raju, who is on anticipatory bail, was also present in the court.


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