“The auditors will have to be independent. That’s why they are called independent directors. They should not be under the thumb of the management”
N.R. Narayana Murthy, Chief Mentor, Infosys Technologies, on the Satyam saga, in Business Standard
“It (2008) was a bad year for the financial world. But Indian banks are strong and no bank has failed in India. They have shown strength”
O.P. Bhatt, Chairman, State Bank of India, in The Economic Times
“This is just a thought. It’s not as if I am pushing the issue. But allowing foreign carriers to invest in Indian ones is among the other effective measures needed to keep our airlines financially sound. The situation is very different from what it was 3-4 years back”
Praful Patel, Civil Aviation Minister, in DNA
“One bad apple does not mean the whole barrel is bad” David Miliband, British Foreign Secretary, talking about the Satyam fraud during a recent visit to India, to PTI
“The company will protect its margins by using various levers and by refocussing on Fortune 2000 clients. We are refocussing on the Fortune 2000 companies, which still have the potential to spend on technology”
S.D. Shibulal, Chief Operating Officer, Infosys, in DNA
