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Mahindra Satyam, a rebranded Indian outsourcing company nearly brought down in a $1 billion fraud, said Tuesday that C.P. Gurnani, an executive from its new controlling shareholder, has been appointed chief executive.
Indian telecommunications outsourcing firm Tech Mahindra won a bid to buy a controlling stake in Satyam Computer Services, the outsourcing giant nearly brought down in a $1 billion fraud.
India's federal investigator has filed charges of criminal conspiracy, cheating and forgery against the disgraced founder of Satyam Computer Services, B. Ramalinga Raju, and eight others for stealing millions of dollars from the company.
India's Satyam Computer Services Ltd. has received clearance to sell off a majority stake through a competitive global bidding process, the troubled software services company said Friday.
Outsourcing partnerships are built on trust, so when Satyam Computer Services Ltd. copped to inflating its books by $1 billion, its customers — some of the world's biggest companies — were burned.
Police in India have arrested two employees of Price Waterhouse, the auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd.
Price Waterhouse India, auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd., confirmed Saturday that two of its partners have been detained by Indian police.
India's securities regulator enhanced disclosure rules Wednesday, the first sign of regulatory reform in the wake of a $1 billion fraud scandal at Satyam Computer Services Inc., one of India's largest outsourcing companies.
Buyers have begun to circle beleagured outsourcing giant Satyam Computer Services Ltd., which has been fighting for its future since founder and former chairman B. Ramalinga Raju confessed to a $1 billion fraud on Jan. 7, media reports said.
Price Waterhouse, auditors of the troubled Indian outsourcing giant Satyam Computer Services Ltd., said Wednesday that its audit reports for the last eight years relied on potentially false data provided by the company and should be disregarded.
Indian police on Tuesday searched the offices of PricewaterhouseCoopers, the auditors of the troubled outsourcing giant Satyam Computers, whose founder last week admitted to doctoring the company's accounts for years, an official said.
Satyam shareholders advised to wait till June 22Tech Mahindra has offered an advice to the satyam share holders to wait till june 12.
IT firm Tech Mahindra Wednesday said its Rs 1,154.66-crore open offer for an additional 20 per cent stake in Satyam Computer will begin on June 12 and close on July 1, 2009.
Cutting Satyam staff last option - Tech MahindraTech Mahindra has kept lay off for Satyam as last option for now..but what is interesting o see is that Mr. Mahindra has no knowledge of the offers that were given to the freshers
Satyam loses 46 customers to rival tech firmsIn my opinion, retail shareholders should get out of this stock before they see their portfolio evaporate, if anything is left of it i.e
BT raises concerns over Satyam suitsThw whole Satyam issue is a big black box. As a small shareholder you really dont know what the investigation committee is doing ? I belive that the government is trying to hide its land dealings with the Rajus. I feel the truth will never come out.
India govt rejects Satyam bailoutINDIA'S government dashed investor hopes of any bailout Thursday for fraud-hit Satyam as shares of India's fourth-largest information technology company tumbled by over 30 per cent.
Satyam names new auditors HYDERABAD - INDIA'S fraud-hit Satyam Computer Services Ltd named new auditors on Wednesday, the first step by the government-appointed board as the company battles for survival after unveiling the country's biggest corporate scandal.
10 reasons why Satyam fiasco will not effect Indian IT Corp! Though it went much deeper than the usual window dressing, essentially this doesn't speak anything negative about the Indian software industry's delivery model or capabilities..
Satyam chief jailed The disgraced former chairman of top Indian outsourcing firm Satyam was sent to prison on Saturday, days after admitting to a US$1-billion (S$1.48-billion) fraud that has rattled the country's business community.
Satyam of S'pore is possibleA company in Singapore could conceivably suffer a massive corporate fraud on the scale of the deception committed at Satyam Computer Services - dubbed the Enron of India.
Satyam shares dive MUMBAI - SHARE in troubled Indian outsourcing giant Satyam Computers slumped over 70 per cent in opening trade on Friday, as investors dumped the stock on fears over the company's future, dealers said.
Chandrababu Naidu owns 60 percent of SatyamChandrababu Naidu owns 60 percent of Satyam
SATIRE: Satyam Chairman on TrialNews of the fraud at Satyam Computer Systems has been likened to India's Enron and dominated headlines in India since the breakout. Here is an excellent, satirical take on an imaginary court hearing for the Chairman.
The boss of Satyam, India's fourth-biggest software firm, has quit after revealing false accounts including some $1bn (£663m) in fictitious reserves.
Caterpillar Cuts From The Top : Senior-Level Salaries Slashed, Lower-Level Less ImpactedCaterpillar is taking the high road to cutbacks: the maker of tractors and other construction and mining equipment, said Monday it would drastically slash senior-level compensation, while making shallower cuts lower down in the ranks. More Articles
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