PRP Maarpu: "Pillalu Mundu-Pelli Tarvaatha"

Since the inception of PRP, Chiranjeevi has been saying about 'maarpu' and that has become buzz word of his campaign. And people asked what 'maarpu' he is going to bring. Pawan Kalyan also campaigned with the same 'maarpu' slogan. Now people understood what sort of 'maarpu' (change) he is suggesting. He implies 'first live together, beget children and then marry'. This happens to be a great change as per Indian system indeed. Pawan Kalyan lived for years together with Renu Desai, gave birth to Akhiranandan and today married traditionally. What a change, boss?!!

Pavan-Renu overcome "Sani" effect

Why did Yuva Rajyam chief Pavan Kalyan suddenly marry Renu Desai on Wednesday?

This was the question bothering the minds of not only Pavan Kalyan's fans and also other people. According to sources close to the Power Star, the couple were going through a "Sani Mahardasa" (inauspicious shadow of Sani) all these days and that was the reason why they had to encounter all the problems. His astrologers reportedly told him that the bad period was over last month and he could happily marry Renu Desai.

However, since it was Pushya Maasam all through the last month, which was inauspicious for marriages. Hence, Pavan Kalyan had to wait till the commencement of Magha Maasam, which happened a couple of days ago. Hence, the marriage.

By the way who was Sani creating troubles for Pavan? Was it his first wife? Well, we will leave it to you.

"Marriage not because of Cong criticism"

Even as Mahila Congress president Ganga Bhavani claimed credit for the secret marriage of Pavan Kalyan with Renu Desai, his brother Naga Babu made it clear that the marriage had no political connections.

"It is wrong to say that Pavan and Renu got married because of criticism from the Congress leaders. It is because they wanted to make their bond stronger and legal. That's all," Naga Babu told mediapersons.

For media persons, it was rather disappointing for not having covered Pavan Kalyan's marriage in detail. All the channels sent their camera persons and correspondents to his residence early in the morning to give a live update of what was happening there; but they were kept at a kilometre distance. They had no clue as to what was happening inside his house, as there were not many guests to the wedding.

Finally, Pavan Kalyan and Renu came out of the gate to give poses for photographs, because that would fetch them some publicity!

Pawan ties knot with long-time live-in companion

In a move ostensibly aimed at silencing his critics, Telugu film hero and Chiranjeevi& youngest brother Pavan Kalyan formally married his long-time live-in companion Renu Desai at his residence today.

K Kalyan Kumar, known as Pavan Kalyan, tied the knot at a simple ceremony as per Arya Samaj rituals.

Renu Desai was the heroine in two of Kalyan&aposs films: Badri & Jonny
She is currently supporting Kalyan as a costume designer for his films.

Kalyan recently obtained divorce from his first wife Nandini of Visakhapatnam following a long legal battle.

Kalyan and Renu had been staying together for about seven years now and have a son Akira.

Though none objected to their live-in relationship earlier, it became an issue following the launch of Praja Rajyam Party by Chiranjeevi.

With Kalyan heading the party&aposs youth wing Yuva Rajyam, other parties, particularly Congress and TDP, have been hitting out at him for continuing an illegal live-in relationship with a woman by doing"injustice"to another.

Kalyan, however, maintained a stoic silence over the issue and never reacted to criticism over his personal life.

"The marriage with Renu Desai was on cards for sometime now after the legal hurdles were cleared. But they waited this long only for the completion of his father&aposs first death anniversary,"a friend of Kalyan said.

Barring the family members and a few close friends, none were invited for Kalyan& marriage.

'Arundhati' Review: Wonderful Technical Extravaganza

Film: Arundhati
Rating: 3.75/5
Banner: Mallemala Entertainments
Cast: Anushka, Sonu Sood, Sayaji Shinde, Manorama, Satyanarayana, Deepak, Subhashini, Ahuti Prasad, Chalapathi Rao, Annapoorna and others
Music: Koti
Cinematography: K K Senthil Kumar
Graphics: Rahul K Nambiar
Editing: Marthand K Venkatesh
Director: Kodi Ramakrishna
Producer: D Shyamprasad Reddy
Release date: 16/01/2009

The proposed Sankranthi release happened after the festival days. The expectations on the film are on top and let us see how it tuned. The clash between good and evil has been the law of the universe but what happens when an obsession turns dangerous and the will to seek revenge brings out the demons. Something like that happens here and who wins in the end, we will know more details.

Story



Arundhati (Anushka) is engaged to Rahul (Deepak) and is on her way to get married in Hyderabad but far away in Gadwal in an abandoned and ruined castle lies a scary and fearsome voice waiting to come out and take revenge on her.

It is endowed with evil powers and is successful in getting Arundhati to Gadwal, the truth is Arundhati is a descendant of a royal family and her ancestor is Jejamma (Anushka again) who strikes a death blow to her brother in law (Sonu Sood) who is an avid womanizer, rapist and murderer. He survives with the will to seek revenge and learns all the dark magics under Aghora Sadhus, he comes back to take revenge on Arundhati and his lust for her makes him even more dangerous. However, Arundhati is not willing to believe that she is Jejamma but she has no choice since the villain is set free finally and he comes to enjoy her.

In her attempt to thwart him, Arundhati is assisted strongly by the Muslim fakir Anwar (Sayaji Shinde) but then her fear inside gives way. Who gets successful, Arundhati or the villain? Watch the movie to find out.

Performance
Anushka is a total revelation in this one, she has shown once for all to all the critics that it is not just a voluptuous body that she has but a whole range of emotions and expressions to call her a true actress. Few angles of her are wonderful and spellbound. It's a great image make over for her.

Sayaji Shinde was a rocket booster and he has been full of zest and energy in this movie. His scenes are all powerful.

Sonu Sood was dark and evil and his performance was delectable as the evil sorcerer and the black magician.

Manorama provided the matured presence along with Satyanarayana while Ahuti Prasad, Chalapathi Rao, Annapoorna and others have justified their roles.

Deepak did not have much to do in this one, Subhashini was absolutely scary.

The graphics team needs a very special commendation here since they have come out with a really Hollywood style of creation. The script was very well under the grip, screenplay was brilliantly executed. Music really added up to the moods and the cinematography was the life and soul for the film with its angles and captures. Costumes were excellent and editing was sharp.

The other departments contributed effectively to create the required difference. Director has shown his brilliance and experience in handling a one line story into a total two hour plus treat without much idle moments.

Analysis
While the film is a complete socio fantasy genre and it revolves completely around evil spirits and scary saints, one needs to look at it as a film only and not try and reason with the logic.

The content part is less but then it is the presentation and the performance that really made up for any shortcomings. The team has come up with a much enhanced and more impressive graphical treat after 'Ammoru' and this time; the horror aspect was quite high.

The amount of blood shown on the screen could have been reduced but then the seriousness and intensity is so high that everything looks convincing for that frame. The film lacks comedy or any mass elements but then, it has a rich presentation and the grandeur of its style and speed is worthy to be called a super hit. It appears that the Sankranti drought has finally been fulfilled with an exceptional visual treat. Don't miss it!!!

And it's a suggestion for weak hearts to keep away from horror shocks.

Tamilians Carrying PRP Flags

The recent public meeting in the town of Nellore for the Praja Rajyam Party saw a huge gathering and folks from the PRP camp were upbeat about the whole thing. Some also went to claim that this is the kind of attention they are getting everywhere which goes to show how close they are to the reins of power.

While this is happening, a more reliable version has come out with this startling truth. It was noticed that amongst those who were present during the meet, most of them happened to be speaking in Tamil and a closer look at them revealed that they were non-locals who had no inkling of what is happening.

It is said that they were given money and brought in from Tamilnadu which in effect means that their presence has no significance to the meet or the political future of Andhra Pradesh. Oppositions say that it is time Chiru starts testing the real public strength and the voter appeal he has got. What say megastar?

No action against Raju: Police

While stepping down from Satyam Computers, its chairman Ramalinga Raju admitted that there was financial fraud up to the tune of a whopping Rs.7,000 crore in the company. In all likelihood, with more and more reports of irregularities coming out Raju may well land up in jail in the days to come.

Raju admitted to the board members that he had tried to fill fictitious inflated cash balance of Rs 5,040 crore in the balance sheet. He said there was Rs. 588 crore artificial cash in Satyam books. A margin of a total Rs 649 crore was reported in the sheet while the actual figure is a meager Rs.61 crore.

Many statements Raju made in his confession letter are unimaginable and the shareholders and board members are appalled at the huge irregularities that took place in the company’s financial management.

The company reported inflated revenues over years leaving and understated liability of Rs.1,230 crore as of September 30, sources told media.

“Every attempt that had been made to eliminate the gap failed,” said Raju to in his letter to the board.

It is learnt that an accrued interest of Rs 376 crore in quarter 2 was non-existent.

Employees of Satyam are said to be scared to tackle clients. They are in absolute fear of job loss. It may be recalled that a total number of 120 employees had quit their jobs following the developments on Tuesday. More are expected to join the bandwagon.

Meanwhile, questions are being raised on corporate governance. Also, in the wake of huge fraud in Satyam, irregularities in many other software companies may see the light and this thought is sending shivers down the spine of shareholders and employees.

No action against Raju: Police

HYDERABAD: The Hyderabad police on Wednesday said it would not take any action for now against B Ramalinga Raju, the disgraced founder-chairman of Satyam Computer Services, who resigned after admitting massive financial fraud at India's fourth-largest software exporting company.

"We will not involve ourselves in the matter now," B Prasada Rao, Hyderabad's police commissioner told ET.

No complaint had yet been registered with the police against either Mr Raju or any other Satyam employee and there was no ground for any arrest to take place at this time, Mr Rao said.

"If a complaint is registered, we will act according to legal procedure. But it is too premature now."

Satyam's mind-boggling fraud will be inquired into: YSR

NEW DELHI: Terming the Satyam Computer financial fraud as "mind-boggling", Andhra Pradesh Chief Minister Y S Rajasekhara Reddy on Wednesday said his government would order an inquiry into the "fudging" of accounts and do "whatever is needed to be done".

"The total figures are really mind-boggling," and as per the statement of Ramalinga Raju, the "fudging" of accounts was a "fraud", Reddy told a press conference when asked to comment on the collapse of the Hyderabad-based IT company.

"We will ask the CB-CID to hold an immediate preliminary inquiry to look at the criminal angle into the entire episode," he said.

When asked why not Raju be arrested as per his own statement, Reddy said "that is what I am trying to tell. We will take every possible step. Whatever is needed will be done".

The Chief Minister said that he would also ask his officials to look into various problems and issues concerning this episode.

Observing that Satyam and Maytas were two different entities, Reddy said that while Raju owned very little stake in Satyam, the company employed over 53,000 people and the government would have to look into every aspect.

The Chief Minister said Hyderabad Metro Project and the Machilipatnam Port Project have been awarded to Maytas.

Raju, founder-chairman of India's fourth largest IT firm Satyam, today revealed that balance sheet of Satyam had been inflated and that he would subject himself to the laws of the land.

Ramaling Raju admits to Rs 4000-cr fraud

Hyderabad: Satyam Computer Services founder chairman B. Ramalinga Raju resigned from the IT major's board after admitting a fraud to the tune of Rs 4000 crore ($823 million) in the balance sheet of the company.

In a notification to the stock exchanges, the Hyderabad-based IT firm said Ramalinga Raju and Managing Director Rama Raju had resigned early Wednesday and that the Securities and Exchanges Board of India (SEBI) had been informed.

The balance sheet has inflated cash balances of Rs 5,040 crore and accrued interest of Rs 376 crore is non-existent. Rs 1,230 crore, which was arranged to Satyam, is not reflected in the books.

He admitted that the second quarter numbers were inflated to Rs 2,700 crore when the actual figure was only Rs 2,112 crore. He also said that other Board members were unaware of the real numbers.

"Rama Raju shall continue in the position till such time the board is expanded and the continuance is to ensure enhancement of the board," the company said in the notification.

Satyam: Full text of Raju's letter to the Board

Satyam Computers Services Ltd.

From B. Ramalinga Raju
Chairman, Satyam Computer Servcies Ltd

Dear Board Members,

It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice:

1. The balance sheet carries as of September 30, 2008

a) Inflated (non-existent) cash and bank balance of Rs 5,040 crore (as against Rs 5361 crore refglected in the books)

b) An accured interest of Rs 376 crore which is non-existent

c) An understated liability of Rs 1,230 crore on account of funds arranged by me

d) An over stated debtor position of Rs 490 crore (as against Rs 2651 reflected in the books)

2. For the September quarter (Q2) we reported a revenue of Rs 2,700 crore and an operating margin of Rs 649 crore (24 per cent of revenues) as against the actual revenues of Rs 2,112 crore and an actual operating margin of Rs 61 crore (3 per cent of revenue). This has resulted in artificial cash and bank balances going up by Rs 588 crore in Q2 alone.


The gap in the balance sheet has arisen purely on account of inflated profits over a period of last several years (limited only to Satyam standalone, books of subsidiaries reflecting true performance). What started as a marginal gap between actual operating profit and the one reflected in the books of accounts continued to grow over the years. It has attained unmanageable proportions as the size of the company operations grew significantly (annualized revenue run rate of Rs 11,276 crore in the September quarter, 2008 and official reserves of Rs 8.392 crore). The differential in the real profits and the one reflected in the books was further accentuated by the fact that the company had to carry additional resources and assets to justify higher level of operations – thereby significantly increasing the costs.

Every attempt made to eliminate the gap failed. As the promoters held a small percentage of equity, the concern was the poor performance would result in a takeover, thereby exposing the gap. It was like riding a tiger, not knowing how to get off without being eaten.

The aborted Maytas acquisition deal was the last attempt to fill the fictitious assets with real ones. Maytas’ investors were convinced that this is a good divestment opportunity and a strategic fit. Once Satyam’s problem was solved, it was hoped that Maytas payments can be delayed. But that was not to be. What followed in the last several days is common knowledge.

I would like the board to know:

1. That neither myself, not the Managing Director(including our spouses) sold any shares in the last eight years-excepting for a small proportion declared and sold for philanthropic purposes.

2. That in the last two years a net amount of Rs 1,230 crore was arranged to Satyam (not reflected in the books of Satyam) to keep the operations going by resorting to pledging all the promoter shares and raising funds from know sources by giving all kinds of assurances (Statement enclosed, only to the members of the board). Significant dividend payments, acquisitions, capital expenditure to provide for growth did not help matters. Every attempt was made to keep the wheel moving and to ensure prompt payment of salaries to the associates. The last straw was the selling of most of the pledged share by the lenders on account of margin triggers.

3. That neither me, nor the Managing Director took even one rupee/dollar from the company and have not benefitted in financial terms on account of the inflated results.

4. None of the board members, past or present, had any knowledge of the situation in which the company is placed. Even business leaders and senior executives in the company, such as Ram Mynampati, Subu D T R Anand, Kesab Panda, Virender Agarwal, A S Murthy, Hari T, S V Krishnan, Vijay Prasad, Manish Mehta, Murali V, Sriram Papani, Kiran Kavale, Joe Lagioia. Ravindra Penu Metsa, Jayaraman and Prabhakar Gupta are unaware of the real situation as against the books of accounts. None of my or managing directors immediate or extended family members has any ideas about these issues.

Having put the facts before you, I leave it to the wisdom of the board to take the matters forward. However, I am also taking the liberty to
recommend the following steps:

1) A task force has been formed in the last few days to address the situation arising out of the failed Maytas acquisition attempt. This consists of some of the most accomplished leaders of Satyam: Subu D, T R Anand, Keshab Panda and Virender Aggarwal, representing business functions, and A.S.Murthy, Hari T and Murali V representing support functions. I suggest that Ram Mynampati be made the Chairman of this task force to immediately address some of the operational matters on hand. Ram can also act as an interim CEO reporting to the board.

2) Merrill Lynch can be entrusted with the task of quickly exploring some merger opportunities.

3) You may have a ‘restatement of accounts’ prepared by auditors in light of the facts that I have placed before you.

I have promoted and have been associated with Satyam for well over twenty years now. I have seen it grow from few people to 53,000 people, with 185 Fortune 500 companies as customers and operations in 66 countries. Satyam has an excellent leadership and competency base at all levels. I sincerely apologize to all Satyamites and stakeholders who have made Satyam a special organization, for the current situation. I am confident they will stand by the company in this hour of crisis.
in light of the above, I fervently appeal to the board to hold together to take some important steps. Mt T R Prasad is well placed to mobalize support from the government at this crucial time. With the hope that members of the Task Force and the financila advisor, Merrill Lynch (now Bank of America) will stand by the company at this crucial hour, I am marking copies of this statement to them as well.

Under the circumustances, I am tendering my resignation as the chairman of Satyam and shall continue in this position only till such time the current board is expanded. My contribution is just to ensure enhancement of the board over the next several days or as early as possible.

I am now prepared to subject myself to the laws of the land and fact the consequences thereof.

(B. Ramalinga Raju)

Copied marked to:
1) SEBI Chairman
2) Stock Exchanges

Satyam chairman Ramalinga Raju resigns

NEW DELHI: Satyam Computers founder and chairman Ramalinga Raju has resigned from the Satyam Board.

Raju has written a letter to the board giving details of the balance sheet. Balance Sheet has inflated cash balances of Rs 5040 crore and accrued interest of Rs 376 crore is non-existent. Rs 1230 crore was arranged to Satyam and is not reflected in the books

While Ram Mynampati will act as Interim CEO, Merrill Lynch can be entrusted to explore.

As per the revelations, second Quarter numbers were inflated to Rs 2700 crore vs Rs 2112 crore actual numbers. No board member had any knowledge of the real situation of the books.

Shares in Satyam Computer shed all gains to turn negative after the embattled Indian outsourcer said its chairman has resigned from the Board. Shares were down 16.81% at 149 rupees. (11.22 am)

According to analysts, Raju's resignation wouldn't make much of a difference to investors.

"He is not to be blamed alone...the responsibility lies with the entire board. It was a unanimous decision and this board is in no place to decide on the issue," said Prabhudas Leeladhar analyst Apurva Shah.

Trisha, Vishal getting engaged

This would definitely be news beyond belief for all the admirers of actress Trisha. The bewitching beauty, now romancing hero Vishal (who won many hearts with his stunning performance in films like Pandem Kodi and Salute) in a yet-to-be-named Tamil film, is all set to tie the knot with this 'action' hero.

According to the grapevine, the two stars will get engaged after completion of the film's shoot, probably next month. That indicates a tragic end to many a one-sided love stories, indeed! But the million dollar question is whether Trisha continues to sizzle on the silver screen after marriage or prove herself to be the best home manager! Let's wait and watch...

Katrina, John top one more 'sexist'poll

According to a poll by leading UK magazine London Eye, Katrina Kaif is the Sexiest Asian Woman of 2008, and John Abhraham is the Sexiest Asian Man of 2008. The rest of the super-sexy Bollywood celebrities were not very far behind. Hrithik Roshan, Kareena Kapoor, Priyanka Chopra and Bipasha Basu too have made it to the 'Sexiest Asians' list.

Baby Shamili's Eyes On Nayantara's BF?

Though the hot beauty from Malayalam Nayantara has been rocking with her professional life, her personal life has not been that great when it comes to romance. Everyone knows the ruckus that was caused when she was going through a break up with the Tamil hero Silambarasan also known as Simbu.

Nayan apart, it is now being said that another beautiful girl has been smitten by the charms of Simbu and she is none other than Shamili better known to us as 'Anjali papa'. She has now grown up to be a ripe beauty and reports from Chennai say that she has been trying to get more closer to Simbu.

While it is not sure what is drawing this new girl towards him, some say it is his eccentric nature and his rugged mannerisms that might have just taken the girl by her feet. For now, a confirmation is also awaited from the sources close to Shamili whether all this is true or not.

Madhavan's Autograph On Mamata's 'Heart'

The film industry is one place where some of the most interesting things happen and even the big stars are no exception to it. A classic example for this is the experience that the mesmerizing beauty Mamata Mohandas had and this sure is an interesting one.

It is known news that Mamata grew up in Bahrain during her younger days and it was when she saw the film 'Sakhi' that she fell head over heels for the chocolate boy Madhavan but little did she realize that one day she would actually be his leading lady and rubbing shoulders with him.

So when she actually began shooting for her Tamil film 'Guru En Aalu' she says that's an unforgettable experience and the first thing she did was to take an autograph and it is actually like a dream coming true for her to have Maddy romancing her at this point of time. Sometimes, life can get so interesting in cine field like this.