In a landmark corporate fraud in India, Satyam Computer Services’ founder and chairman Byrraju Ramalinga Raju publicly confessed in January 2009 to falsifying financial accounts over several years, inflating revenues, profits and cash balances by about ₹7,000 crore. The disclosure triggered steep stock declines, regulatory probes, and criminal charges against senior executives. 

Investor focus has turned to Bharat Coking Coal’s upcoming public issue, with grey market premiums indicating a potential 50% listing gain. January’s IPO calendar includes mainboard and SME offerings totalling nearly ₹18,000 crore, led by Amagi Media’s ₹1,789 crore issue. Market participants remain selective amid recent volatility in broader equities.