The fall of gaint like Satyam is not something which have a limited impact but the impact will be huge and on various things
On employee - Without any kind of fault od employees they are having a bad reputation in the market no one is ready to give employment to these hard working and talent employees not even for any single fault of them.
On Investor - The investors 1200 crore rupees just went into drain in small period of time but the reaction in Indian stock market was not as it was in US where there was a steep fall in the prices but in India it trade on all the rate between 180 to 40 hatsoff to Indian investor abd their trust.
On India - In the current slowdown and distrust of FII's such Satyam scams will just act as oil in fire of slowdown.
These are only few impacted area others are like debtor of the company the comp[any is also having around 1500 crore debt so god save those debtors ...
God bless all impacted...
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More impacts also exist....
ReplyDeleteThe engineers who are looking for jobs now have to compete with all the Satyam ex-employees
The other 3 big companies on India ,...TCS, Wipro and Infosys seem to be gaining in terms of market
A new blogger has come into being:)...all the best...looking forward to many interesting posts
@ Aditi
ReplyDeleteFirst of all thanks for reading my blog...
Your opinion also add another angle to the situation but in current scenario we already have so many competition due to global slowdown but it adds to competition for sure.
Very insight full comment I must say
Thank you :)
ReplyDeleteSpoken from experience :P