ECONOMIC CRISIS

Yesterday the stock market in India crashed due to the major IT firm s C.E.O Ramalinga raju resigned actually he had done some fraud in boasting his another firm mytas and earned the hatred of his share holders due to which it is black listed from world bank for eight years and majority of his board members resigned already .this is a shame for him and adding fuel to fire U.S firm has filed a law suit against satyam. Now half a lakh employees are unsure about their future that too in this economic recession already In U S Lehman brothers and merryl lynch had a problem and are closed, now a Indian company is going to close these things will have a huge effect on the economies of developing nations and all software industry has to suffer because of this .hope this situation will recover soon.